The Minister of Power, Works and Housing, Mr. Babatunde Fashola spoke on Nigeria’s power sector at the opening ceremony of the Power Nigeria Agenda 2016 held in Lagos yesterday.
Here are 5 key points of the Minister’s speech:
1. Fashola faulted the recent statement by the Managing Director and Chief Executive Officer, Egbin Power Plc, Mr. Dallas Peavey Jr. that the country’s power woes may worsen in the days. He described the statement as “inflammatory and insensitive to Nigeria’s national security.”
2. Also reacting to Peavey’s statement, he said that all debts owed and legitimately contracted, verified will be paid.
3. Refuting claims that the grid was very fragile and cannot support 1300MW not to talk of 5000MW, he said the grid currently had the capacity to support 5300MW which is expanding on a daily basis.
4. He said the ministry is in the process of synchronizing with the Generating Companies and the Distribution Companies (DISCOs) in order to ensure the service end that connects both, which is the Transmission Company of Nigeria is able to respond adequately on demand.
5. He also reiterated that electricity Distribution companies (Discos) have been ordered to stop customers from buying transformers.
Here are 5 key points of the Minister’s speech:
1. Fashola faulted the recent statement by the Managing Director and Chief Executive Officer, Egbin Power Plc, Mr. Dallas Peavey Jr. that the country’s power woes may worsen in the days. He described the statement as “inflammatory and insensitive to Nigeria’s national security.”
2. Also reacting to Peavey’s statement, he said that all debts owed and legitimately contracted, verified will be paid.
3. Refuting claims that the grid was very fragile and cannot support 1300MW not to talk of 5000MW, he said the grid currently had the capacity to support 5300MW which is expanding on a daily basis.
4. He said the ministry is in the process of synchronizing with the Generating Companies and the Distribution Companies (DISCOs) in order to ensure the service end that connects both, which is the Transmission Company of Nigeria is able to respond adequately on demand.
5. He also reiterated that electricity Distribution companies (Discos) have been ordered to stop customers from buying transformers.
