GENCOS Tackles TCN on Allegation of Falsified Generation Capacity.

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GENCOS TACKLES TCN ON ALLEGATION OF FALSIFIED GENERATION CAPACITY.

 

On Sunday, Electricity generating companies (GENCOs) debunks the allegation that they claim to generate more electricity than they do so as to collect more money.

They said the allegations by the Transmission Company of Nigeria (TCN) shows a lack of adequate knowledge of the workings of the country’s electricity market.

In a recent statement, TCN’s Spokesperson, Ndidi Mbah, said, “most of Nigeria’s power plants submit generation capacities they are unable to deliver to the National Control Centre (NCC) on demand.

“The NCC operates strictly in line with the grid code and merit order. Stability of the national grid is paramount. Unfortunately, many GENCOs, due to greed, destabilize the grid through illegal practices in order to collect more money from NBET.

“They do so through false capacity declarations, unwillingness to put their generators on effective frequency response, delay in executing NCC dispatch instructions, intimidation and blackmail of NCC operatives,”.

But in a statement by the APGC Executive Secretary, Joy Ogaji, to PREMIUM TIMES said its members “strongly disputed” the allegation.

“It is important to clarify that GENCOs are not currently paid on the capacity declaration, but only on delivered capacity,” Mrs. Ogaji said.

Delivered capacity, she explained, means conversion of metered energy to capacity, a practice, she noted, was “unknown or practiced by any electricity market in the world.”

According to her, it is impossible for the GENCOs to falsify their generation capacity claims since such declarations are usually confirmed by the NCC before allocating same to the distribution companies (DISCOs).

Read more: GENCOS TACKLES TCN ON ALLEGATION OF FALSIFIED GENERATION CAPACITY

 

 

 IIPELP, NJI TO HOLD WORKSHOP ON GAS AND POWER FOR JUDGES.

On Tuesday, the international institute for Petroleum, Energy Law and Policy (IIPELP) in collaboration with the National Judicial Institute (NJI) will hold their fourth Judges Workshop on Nigerian Gas and Power.

It is a two-day workshop with a focus on the legal, commercial and regulatory issues in the power sector with participants including senior justices and judges of the Supreme Court; Court of Appeal and the Federal High Court. The purpose of the workshop is to also examine the recent Power Policy Decisions by the office of the Vice President of Nigeria, the Central Bank of Nigeria (CBN) and power sector agencies.

Others are the Rural Electrification Agency (REA), Transmission Company of Nigeria (TCN), Nigeria Electricity Market Stabilisation Facility (NEMSF), and Nigerian National Petroleum Corporation (NNPC).

 

Read more: IIPELP, NJI TO HOLD WORKSHOP ON GAS AND POWER FOR JUDGES.

 

REVERSE ELECTRICITY SECTOR PRIVATIZATION, LABOUR TELLS BUHARI.

The United Labour Congress (ULC), has restated the call for the reversal of the privatization of the power sector, reacting to President Buhari’s Speech on National Democracy Day. Joe Ajaero, the President of ULC, in a statement said the Congress restates for the umpteen times that the power sector privatization has not only failed Nigerians but Nigeria as a nation. The labour considers it an embarrassing paradox that Nigerians has continued paying the private individuals that captured the DISCOS and GENCOs despite them repaying the nation with darkness, he stated. “Our findings show that that the government has paid about N1tr to these private entities and this is most befuddling. It is, therefore, better to reverse the sale so that instead of paying these companies, Nigerians can manage its funds for the purposes of generating and delivering power to our homes and organizations.”

 

 

Read more: REVERSE ELECTRICITY SECTOR PRIVATIZATION, LABOUR TELLS BUHARI.

 

 

 

FG, INVESTORS’ FACE-OFF EXPOSES N200BN REVENUE SHORTFALL.

   The power sector’s market shortfall has revealed a 200 billion market gap exposed by the five-year-old bickering between the Federal Government and Investors.  It became obvious after the $ 2.5 billion bought over assets from the Federal Government, which culminated in the November 1, 2013 handover of Power Holding Company of Nigeria (PHCN) to the investors.

In a document commissioned by the Federal Ministry of Power, Works and Housing, the government insisted that the market shortfall as a result of the audit is officially about 800 billion, while the private sector operators of the power firms insist that the shortfall is over N1 trillion.

The report, however, showed that the 47 power firms who benefited from the fund are still indebted to the tune of N139.3 billion outstanding repayment. They have only repaid N19.3 billion of the N158.7 billion.

Read moreFG, INVESTORS’ FACE-OFF EXPOSES N200BN REVENUE SHORTFALL.

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About Rejoice Obike 105 Articles
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.

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