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FG recovers $64m power debt from international consumers

By Balogun Alabi

The Minster of Power, Works and Housing, Babatunde Fashola, has revealed that the Nigerian Electricity Sector Industry (NESI) recovered $64,630,055 from its international customers which included Benin Republic and Republic of Niger.

He further revealed that, progresses have been made since the commencement of incremental, steady and uninterrupted power and at the same time gave detailed analyses of the progresses the NESI has made on power supply within the last one month.

Fashola disclosed the funds recovered from debtors on Monday at the 21st monthly power meeting of the NESI, hosted by Benin Electricity Distribution Company (Benin Disco) in Asaba, Delta State.

According to him, challenges confronting the NESI were estimated billing and metering, and in this regard the industry will anxiously await the Regulation from NERC to open up meter supply Business.

“Approval of the Federal executive Council (FEC) earlier in the year, the dispute over meters supply contract that started since 2003, which was resolved by a Court approved settlement recently, which means that that there would be N37 billion available for meter supply by the contractor to DisCos.”

Meanwhile, he hinted that the Transmission Company of Nigeria (TCN), expanded transmission capacity in Zaria and Funtua, Katsina State by adding 40 and 60 Mega Volt Ampere (MVA) transformers to the Transmission sub-station, increasing capacity to transmit power in the axis.

The minister recalled that recently the Federal Government signed contract on the Mambilla Hydro power project,ending over 40 years wait on it after been conceived.

However, he noted that, the progresses listed and analysed earlier were only headline items of developments that characterize the progress NESI made, but does not represent every progress still ongoing at the distribution levels.

“They do not represent, or pretend to fully report, all of the progress that is going on at distribution levels, which is highlighted by the New Asaba Mains 2x15MVA injection  substation completed and commissioned today by Benin DisCo. This is expected to improve service to Okwe, Akuebulu, Jarret, Ogbeofu, Osadebe Way, Okwe Housing Estate, Oduke, New Jerusalem, Malbovil and more by reducing load shedding and increasing the hours of supply.”

The minister, however, tasked the transmission and Discos to intensify efforts to ensure that the gas stations produce at optimum rate and not interrupted,  to cushion the effect that could arise at the end of the year when less number of rain is expected in the country.



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