FG concludes regulations on new class of meter suppliers

By Editor on 12/03/2018

Share on facebook Yahoo mail icon Gmail icon

Views: 698


The Federal Government says that the Nigerian Electricity Regulatory Commission (NERC) has concluded regulations that will provide framework to license new class meter suppliers  in the country.

The Minster of Power, Works and Housing, Mr Babatunde Fashola made this known at the 25th monthly power sector meeting in Uyo.

Fashola, in a text of his opening remark, said the framework would complement efforts of Distribution Companies (DisCos) to supply meters to Nigerians.

According to the minister, Yola DisCo is already positioning to take up 400,000 meters once the contract and process formalities are concluded.

“I am told that Abuja, Ibadan, Kano, Ikeja and Benin DisCos are also embracing the initiative, which has reserved a 30 per cent local content for the meters to be supplied under the regulations.”

According to Fashola, government decision to pursue an out-of-court settlement on a meter contract awarded since 2003, held up in Court until 2017, has made available about N39 billion to start the process.

He said incremental power initiative of government was yielding positive results, adding that the promise of steady power was becoming real.

“If we persevere, I am certain that we will witness uninterrupted power, which is the final destination of our journey.

“In many parts of the country connected to the grid, citizen feedback is positive, even though all the problems are not solved.

“Citizens acknowledge more power in dry weather, reduced hours of running their generators and reduction in fuel (diesel and petrol) purchase to power generators.”

He said it was cheery that Nigerians were already embracing the mini-grid policy and regulations to provide power for different uses.

Fashola said “in Ogun State, a renewable energy project was completed and commissioned last month.

“In Kano State, I commissioned a 73KW solar hybrid system developed by Rumbu Industries to support its mat production in a factory that employs 1,400 people.

“Within the same period in Kano, I inspected the solar system being deployed in Sabon Gari Market that has 12,000 shops.

According to him, about 3,000 shops have registered, while 486 shops have been connected to cheaper and more efficient solar power and more shops are being wired by 120 technicians employed by the project.

He said government was moving away from theorising about power to actual provision of efficient power to support trade and business, especially small and medium enterprises, who are the drivers of our economy.

According to him, government has secured a World Bank approval for 486 million dollars to fund TCN’s transmission expansion programme.

The minister also said progress was being made with the same bank to secure funding for the rural electrification and distribution expansion programmes.

He said TCN had completed the transmission expansion of some sub-stations to improve their capacity to supply power to the DisCos.

He listed the sub-stations to include Uyo, Calabar, Keffi, Karu, and Abeokuta among others.

Fashola implored operators, who were truly ready to run the business they have acquired voluntarily to continue to do so, adding that government would continue to support the sector.

“As for those who entered the business without understanding it, please brace up for hard work and help us rebuild this country.

“Those who choose to hide temporarily in the courts of law can do so, but the court of public opinion will scrutinise you and its verdict may be very scathing, unkind, and enduring.

“I say this because you may not have noticed that Nigerians are increasingly taking their destiny in their hands.

“This is the essence of privatisation. If you bother to look up and around you, you will see solar panels on rooftops.

“The mini grid regulations allow them to procure 1MW without license. This is bigger than what many traditional generators supply. There is no law that compels them to take public power.”

 

Posted 12/03/2018 9:55:30 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
2019: Muslim group accuses Saraki, Dogara of plotting...

EFCC moves Fayose to Lagos as trial begins...

Fayose in multiple auto crash on Third Mainland...

Nigeria more corrupt under Buhari than me –...

Atiku emerges PDP presidential candidate

Buhari promises to end herdsmen killings

2019 and Ugwuanyi’s Enduring Legacies

Babangida asks Nigerians to vote out Buhari in...

Endless desperation to nail Ekweremadu

Ekweremadu preaches leadership by example, Cautions against hate...

Enugu: Ugwuanyi sets up campaign team ahead 2019...

Fani-Kayode reveals what Buhari allegedly did in UK,...

 

Latest News INEC, PDP disagree over alleged 3,000 illegal polling units Anambra South: Court sacks APGA Senatorial candidate, nullifies primary election result Presidency endorses 65-year retirement age for teachers Buhari signs peace pact as Atiku claims he was denied invitation Dozie Ikedife is dead, to be buried today Man, 35, commits suicide after strangling his four children to death Ugwuanyi bags Grassroots Development Governor of the Year award 11 Nigerian Soldiers face Court Martial over indiscipline PDP condemns EFCC invasion of Atiku’s sons’ residence 2019: Atiku, Obi, Saraki, Secondus, others listed for arrest – PDP PDP has looted Nigeria’s destiny – Fashola No solutions to Nigeria’s problems – Bishop Kukah

 

Most Read NAFDAC eases processes, cost of registering products for MSMEs (7,233 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (5,948 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (5,645 views) IPOB: ‘We need urgent clarifications on Nnamdi Kanu’s status, whereabouts’, UK Govt tells FG (5,115 views) ASUU strike: Senate intervention ends in deadlock (5,021 views) Ex-governor Adebayo, Keyamo, Arise, others get board appointments (4,155 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (3,968 views) Prince Arthur Eze canvasses support for Buhari, Ugwuanyi (3,959 views) Buhari has disappointed Nigerians – Arewa Youth Forum (3,892 views) Nigeria ripe for Restructuring Now – Nwodo in Chatham House (3,873 views) Anambra: INEC releases 37 candidates for Nov poll (3,869 views) Quit notice: Kaduna Govt obtains bench warrant against Northern youths (3,828 views)

 

SECTIONS NEWS (705) EDITORIAL (6) POLITICS (396) SOCIETY (104) SPORTS (13) BUSINESS (231) HEALTH (16) EDUCATION (19) INTERNATIONAL (30) ENTERTAINMENT (8) TECHNOLOGY (1) COLUMNISTS (0) LETTERS (0) OPINION (10)

 

 

Julius Agwu - Crazy Interview Demands