P
ProfRem
Guest
Minister of Power, Babatunde Fashola has in the past weeks embarked on various projects and assessment at improvising electricity supply in the country.
Here are some of the Minister's recent works:
1. March 1, 2017: Power Sector Payment Assurance Program (PSPAP) approved by Federal Executive Council. Under the PSPAP, the Federal Government is committing up to N702 billion to the Nigerian Bulk Electricity Trading (NBET) Company to guarantee the payment of its obligations for electricity delivered to homes, businesses, industries and government establishments.
2. This N702 billion payment guarantee support to NBET, effective from January 2017, will enable NBET to pay its obligations to GenCos who can in turn pay their gas suppliers, equipment suppliers, banks and other partners. Under the PSPAP, NBET will also work with the DisCos, Government and NERC, the regulator, to improve the DisCos’ payment performance from the current 24.9% level, with 100% payment as the target.
3. March 22, 2017: Following the unveiling of the PSPAP, a Power Sector Recovery Programme (PSRP) was approved by the Federal Executive Council (FEC), on March 22. The PSRP (which encompasses the PSPAP), covers a wide range of targets, including but not limited to
5. April 22, 2017: Federal Government of Nigeria delegation met with the World Bank Group in Washington DC to discuss World Bank support for the Power Sector Recovery Program. The World Bank pledged its support for the PSRP. Press Release here (pdf)
6. May 2, 2017: New Management Board inaugurated for the Rural Electrification Agency (REA). The New Managing Director / Chief Executive Officer is Mrs Damilola Ogunbiyi (concurrently Senior Special Assistant to the President on Power, Office of the Vice President), while Dr. Sanusi Mohammed Ohiare is Executive Director, Rural Electrification Fund, and Engr. Muhammed Wasaram is Executive Director, Technical Services.
7. May 7, 2017: 40MVA mobile substation commissioned by Transmission Company of Nigeria (TCN) in Damboa, Borno State.
Other ongoing TCN projects include the installation of a new circuit breaker in Egbin Power Station (scheduled for commissioning on May 19, 2017) and the Makeri to Pankshin 132kV line in Plateau and Okpella line in Edo State (both expected to be switched on in August 2017).
8. May 8, 2017: Niger Delta Power Holding Company (NDPHC) announces completion of Electricity connection projects being undertaken in Magboro, Ogun State. The projects are currently undergoing testing by the Ibadan Electricity Distribution company (IEDC), NDPHC also announced that progress is ongoing with other communities across the country, includingEgbema, Okija, Oronta, Ihiala and Nnewi in the South-East.
Here are some of the Minister's recent works:
1. March 1, 2017: Power Sector Payment Assurance Program (PSPAP) approved by Federal Executive Council. Under the PSPAP, the Federal Government is committing up to N702 billion to the Nigerian Bulk Electricity Trading (NBET) Company to guarantee the payment of its obligations for electricity delivered to homes, businesses, industries and government establishments.
2. This N702 billion payment guarantee support to NBET, effective from January 2017, will enable NBET to pay its obligations to GenCos who can in turn pay their gas suppliers, equipment suppliers, banks and other partners. Under the PSPAP, NBET will also work with the DisCos, Government and NERC, the regulator, to improve the DisCos’ payment performance from the current 24.9% level, with 100% payment as the target.
3. March 22, 2017: Following the unveiling of the PSPAP, a Power Sector Recovery Programme (PSRP) was approved by the Federal Executive Council (FEC), on March 22. The PSRP (which encompasses the PSPAP), covers a wide range of targets, including but not limited to
- eliminating the payment deficits accumulated by the DisCos, and funding future deficits (which is where the PAP comes in);
- ensuring improved DisCo performance;
- establishing data-driven processes for decision making across the sector;
- ensuring payment of debts by Ministries, Departments and Agencies (MDAs);
- improving regulation and governance in the sector;
- increasing electricity access through off-grid renewable solutions; and
- implementing an end-user tariff trajectory that ensures cost-reflective tariffs are achieved over the next five years.
5. April 22, 2017: Federal Government of Nigeria delegation met with the World Bank Group in Washington DC to discuss World Bank support for the Power Sector Recovery Program. The World Bank pledged its support for the PSRP. Press Release here (pdf)
6. May 2, 2017: New Management Board inaugurated for the Rural Electrification Agency (REA). The New Managing Director / Chief Executive Officer is Mrs Damilola Ogunbiyi (concurrently Senior Special Assistant to the President on Power, Office of the Vice President), while Dr. Sanusi Mohammed Ohiare is Executive Director, Rural Electrification Fund, and Engr. Muhammed Wasaram is Executive Director, Technical Services.
7. May 7, 2017: 40MVA mobile substation commissioned by Transmission Company of Nigeria (TCN) in Damboa, Borno State.
Other ongoing TCN projects include the installation of a new circuit breaker in Egbin Power Station (scheduled for commissioning on May 19, 2017) and the Makeri to Pankshin 132kV line in Plateau and Okpella line in Edo State (both expected to be switched on in August 2017).
8. May 8, 2017: Niger Delta Power Holding Company (NDPHC) announces completion of Electricity connection projects being undertaken in Magboro, Ogun State. The projects are currently undergoing testing by the Ibadan Electricity Distribution company (IEDC), NDPHC also announced that progress is ongoing with other communities across the country, includingEgbema, Okija, Oronta, Ihiala and Nnewi in the South-East.
