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LequteMan
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Power operators in the Nigerian electricity market said all criteria and conditions has been met for the kick off of the much awaited Transitional Electricity Market, Punch reports:
Since the privatisation of the power sector in November last year, operators have strived to meet the conditions precedent before TEM is declared.
Some of the conditions are strict adherence to gas supply contracts by power generation companies; prompt and adequate settlement of electricity debts by distribution companies and smooth evacuation of generated power by the Transmission Company of Nigeria.
The Federal Government on three occasions had postponed the declaration of the transitional market as a result of the inability of operators in the sector to meet the CPs.
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#Nigeria
Since the privatisation of the power sector in November last year, operators have strived to meet the conditions precedent before TEM is declared.
Some of the conditions are strict adherence to gas supply contracts by power generation companies; prompt and adequate settlement of electricity debts by distribution companies and smooth evacuation of generated power by the Transmission Company of Nigeria.
The Federal Government on three occasions had postponed the declaration of the transitional market as a result of the inability of operators in the sector to meet the CPs.
click here to read more
#Nigeria
