At the just concluded meeting of operators and stakeholders in the electricity industry, an agreement was struck to strengthen the operations of the power sector.
It was convened in furtherance of the commitment of the Minister, Power Works and Housing, Mr. Babatunde Fasola (who chaired the meeting), to adopt all hands on approach in identifying, discussing and finding practical solutions to challenges confronting the Nigerian Electricity Supply Industry.
In a communiqué, through a statement signed by Special Adviser on Communications to the Minister, Hakeem Bello, after the Second Monthly Meeting of the Power Sector Operators held in the Alagbon Transmission and Distribution Complex in Ikoyi, Lagos on Monday, all the Distribution Companies also agreed to improve customer service delivery by strengthening the operations of their customer centres and providing dedicated phone numbers to ensure consumer complaints within their jurisdictions are promptly responded to.
While contributing their own quota, the Nigerian Bulk Electricity Trader, NBET, presented a solution for power sector liquidity issues which involved the development of a Power Sector Liquidity Bond to cover validated present and future liquidity gap until 2018
NBET stated the Central Bank of Nigeria, CBN is committed to immediate resumption of disbursement of the balance of the N213 billion facilities previously approved for this purpose but was suspended over unforeseen circumstances.
At the meeting, the Nigerian Electricity Management Services Agency, NEMSA, emphasised the need to improve safety standards by DisCos and their contractors in order to reduce accidents and death. NEMSA also underscored the health and safety issues of the sector and the need for improvement in responsiveness to such issues.
It was also agreed that NEMSA would start ranking DisCos for safety compliance and accident reduction, as well as applying sanctions for non-compliance.
On its part, the Nigerian National Petroleum Corporation, NNPC, presented their plans, which are expected to add significant gas supplies for power generation. The sector expects an addition of 220mmsfcd by the end of the first quarter of 2016, and 785mmsfcd by the end of second quaerter of 2016 cumulative.
For more results, AES Power Plant, Egbin Power Plant and the NNPC who were represented at the highest levels, agreed to meet on Thursday 11th February to complete the on-going negotiations with a view to supplying gas to AES power plant.
Addressing interface issues while submitting and discussing on-going plans to review and resolve them, the Transmission Company of Nigeria, TCN, also identified 51 issues to be resolved affecting supply in areas like Alaoji, Sokoto, Ahoada, Damaturu, Gbarain, Calabar, Afikpo, Nsukka, Okigwe, Ihiala, Ayede, Ikeja, Ajah, Lekki, Kebbi, Jos, Kaduna, Kano, Makurdi, Kainji, Kafanchan, Otukpo, Hadejia, Wudil, Kumbotso, Bauchi, Gombe, Katsina, Daura, Abuja and Maiduguri.
A resolution by the regulators was the approval of the power purchase between Paras Power and Eko Disco for embedded generation supply to willing customers, effective from 12th February 2016.
The oil and gas industry was also fully represented by senior executives of the Nigerian National Petroleum Company, NNPC, Gas Aggregating Company of Nigeria, GACN, and the Nigerian Gas Company, NGC, with the aim of intensifying efforts to resolve bottlenecks associated with gas supply to the power sector.
Also, operators were fully represented at the highest executive management levels, including Managing Directors and CEOs of Generating Companies, GenCos, Distribution Companies, DisCos, and the Transmission Company of Nigeria, TCN, as well as various government agencies such as the Niger Delta Power Holding Company, NDPHC, Nigerian Bulk Electricity Trader, NBET, the Nigerian Electricity Regulatory Commission, NERC, and the Nigerian Electricity Management Services Agency, NEMSA, responsible for the regulation and development of the electricity industry.

READ ALSO  Reform is routine in Customs Service – Official