A general situation report on the present state of the Nigeria power sector was given at the end of the 24th monthly meeting of the Minister of Power, Works and Housing Mr. Babatunde Fashola with operators of the power sector. The key operators includes the Transmission Company of Nigeria (TCN), Nigerian Bulk Electricity Trader (NBET), Generating Companies (GenCos.), Distribution Companies (DISCOS), Niger Delta Power Holding Company of Nigeria (NDPHC), Nigerian Electricity Regulatory Commission (NERC) amongst others.
In the communiqué issued in Abuja, TCN reiterated its commitment at improving the electricity service delivery through the several Federal Government developmental policies geared at increasing transmission capacity. TCN also announced the attainment of a wheeling capacity of 7,124MW transmission capacity. TCN further made assurances at expanding its transmission lines through its Transmission Rehabilitation and Expansion Programme in line with its 20 Year Transmission Expansion Plan.
Prior to now, it has been alleged that TCN poor facilities hinders the transmission of generated power. in this light, TCN reported an improvement in its performance in 2017 compared to 2016, with a higher peak transmission of 5,222MW in 2017 against 5,075MW in 2016. It revealed that fewer system collapses and shorter interruption disruptions were recorded in 2017 compared to 2016.
On the part of NBET, it noted that that Federal Executive Council (FEC) had approved valuation of approximately N27 billion Ministries, Departments; Agencies (MDAs) debts owed Distribution Companies (DISCOS) by MDAs. It said the debts would be deducted from the current debts owed by the DISCOS to NBET. NBET also mentioned the effectiveness of the N701 billion Payment Assurance Guarantee to generating companies which has sustained the power sector from eminent collapse.
According to the communiqué, the Niger Delta Power Holding Company of Nigeria (NDPHC) noted that the committee to review abandoned distribution projects across the country has been constituted and should complete work by the end of the first quarter of 2018. It also announced that Egbema and Okija communities were now connected to the national grid. It added also that the connection equipment had been handed over to the Enugu Electricity Distribution Company (EEDC). It noted that significant progress was reported on Nnewi – Ihiala line, Ikot Ekpene -Afam and Daura- Kazaure lines.
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On the part of Nigerian Electricity Regulatory Commission (NERC), an improvement by the DisCos on complaint resolution, metering and energy delivered in 2017 was recorded relative to 2016. NERC also listed the Eko DisCo as the overall best performing DisCO.