Fashola lauds 6,619mw power gen­er­a­tion ca­pac­ity, vows to tackle dis­tri­bu­tion is­sues

Daily Trust - - BUSINESS - From Kay­ode Ekun­dayo, La­gos and Si­mon Echewo­fun Sun­day, Abuja

The Min­is­ter of Power, Works and Hous­ing, Mr Ba­batunde Fashola has lauded the rise in the elec­tric­ity gen­er­a­tion ca­pac­ity to 6,619 megawatts (mw) not­ing that the next step for the min­istry is to tackle the dis­tri­bu­tion prob­lems.

The min­is­ter who spoke at the Guardian Busi­ness Sum­mit in La­gos yes­ter­day said, “There­fore, be­yond rhetoric, our next step is to solve the dis­tri­bu­tion prob­lem. This in­volves the sus­tained im­ple­men­ta­tion of the Power Sec­tor Re­cov­ery Pro­gramme (PSRP).”

He said the to­tal hy­dropower ca­pac­ity avail­able with the rains from Jebba, Kainji and Shi­roro hy­dro power plants as at Septem­ber 4, 2017 was about 1,000mw. “So it is the gas ther­mal plants, aris­ing from peace ef­forts and pipe­line re­pairs that made up the dif­fer­ence that made the to­tal avail­able power of 6,619mw that was pro­duced.”

Fashola who cited the an­nounce­ment on the growth of the Gross Do­mes­tic Prod­uct (GDP) by the Na­tional Bureau of Sta­tis­tics (NBS) that marked the exit of Nige­ria from re­ces­sion said elec­tric­ity pro­duc­tion as well as fi­nan­cial ser­vices and con­struc­tion also grew strongly...

“Other sec­tors did very well in the sec­ond quar­ter 2017 in­clude elec­tric­ity and gas and fi­nan­cial in­sti­tu­tions, with elec­tric­ity and gas grow­ing by 35.5 per cent,” he said.

To tackle in­ef­fi­cien­cies across the 11 pri­va­tised dis­tri­bu­tion firms, Fashola said rules and will be strength­ened to en­sure con­fi­dence and pre­dictabil­ity in the sec­tor through the PSRP.

“An­other de­ci­sion is to strengthen the gov­er­nance of DisCos by re­con­sti­tut­ing our board rep­re­sen­ta­tion in all the DisCos, a process that is also un­der­way.

Next is the im­ple­men­ta­tion of el­i­gi­ble cus­tomers, which is await­ing the fi­nal­iza­tion of reg­u­la­tions by NERC based on con­sul­ta­tions with stake­hold­ers,” Fashola ex­plained.

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