Through the Nigerian Electricity Regulatory Commission (NERC) and Manufacturers Association of Nigeria (MAN), the federal government will sign an agreement next month that allows large manufacturing companies purchase electricity directly from power generating companies (GenCos) and to make sure that the government’s industrialization policy is not being hindered.
The Eligible customer policy will allow manufacturers bypass electricity distribution companies (DisCos), the declaration in line with the provisions of section (27) of the Electric Power Sector Reform Act 2005, permits eligible customers to buy power from a licensee other than electricity distribution companies.
In a statement by Frank Jacobs, president of MAN, to LEADERSHIP, said that they are currently engaging the ministry of power and the Nigerian Electricity Regulatory Commission because Discos are kicking against it and this is frustrating. And they hope to conclude negotiations after meeting NERC next month.
Nigeria’s power suffers as FEC-approved grid scheme is embargoed.
Investigations have revealed that their super grid scheme was approved to reduce the burden on the national grid, which has now become so weak that it collapsed six times in eight days in the month of January. However, the national grid has continued to suffer because the federal government jettisoned the super grid scheme approved by the Federal Executive Council (FEC) six years ago. Stakeholders, the weakest link between the transmission and distribution strata of the power industry have blamed the incessant collapse of the national grid on the no significant change in the power supply between the last and the present government.
Professor Bart Nnaji, the former minister of power, who got the FEC to approve the scheme six years ago, has expressed his disappointment over the abandonment of the super grid scheme and maintained that serious countries who are desirous of sustainable power supply just don’t have one network grid.
Bussbar Energy, a United States power firm has pledged to invest in the country’s power sector in order to be a significant producer of sustainable and environmentally friendly power. Bernie Conyers, the Managing Director of the company said in a statement that Bussbar is not a regular power generating or distribution company and added, in the next 12 months, Bussbar has the intent of generating, conserving and supplying a minimum of 50 megawatts of electricity to different projects on offer. Beyond power supply, Conyers says, Bussbar will also empower the Nigerian youths by way of training and a very significant aspect of the power generation initiative is the introduction of the flywheel technology.
The General Manager, Public Affairs, TCN, Mrs. Ndidi Mbah, in Lagos has stated that the Transmission Company of Nigeria(TCN) has installed another power transformer at the Ijebu-Ode Transmission Sub Station, increasing the substations’ capacity from 60 megavolts Ampere (MVA) to 120MVA. In her statement, she said this was in line with the present administration’s policy on incremental power and is aimed at gradually growing the capacity and capability of the power sector, which is a part of the numerous completed and ongoing expansion projects by TCN. The additional capacity emanating from the new 60MVA power transformer has increased power supply through its 3No 33kv outgoing feeders to Ibadan Electricity Distribution Company’s Load centers that supply from the substation, she added.
Obike Rejoice Chinecherem is an ardent reader who loves African literature. She is creative in writing, her write-ups are all about her everyday experiences, women, and society. She loves chocolates, and in her copious time enjoys reviewing artworks and talking about feminism.