The recently constituted National Council on Power (NCOP) has
recommended that a minimum of N160 billion be made available to the
Transmission Company of Nigeria (TCN) to take care of its annual expenditure on
operations. NCOP however stated that about 75 per cent of such fund, depending
on its source should be expended on meeting the capital expenditure (Capex) of
TCN in ramping up its electricity wheeling capacity in Nigeria’s Electricity
Supply Industry (NESI). The recommendations came as THISDAY investigation at
the weekend revealed that a resolution was not in sight on the lingering
dispute between Geometric Power Limited and Interstate Electrics Limited over
the exclusive right to distribute power to the rind-fenced residential and
commercial consumers at Aba, Abia State, as the Nigerian Electricity Regulatory
Commission (NERC) following the cancellation of the proposed public hearing,
aimed at finding lasting solutions to the dispute.
Rising from its inaugural meetings in Abuja, NCOP made the
recommendation among others, which it hopes will be adopted by the federal
government in advancing its reform of Nigeria’s electricity industry. In copy
of the recommendations obtained by THISDAY weekend, NACOP equally asked the TCN
to liaise with state governments in the country to sort out the extant issues
of Right of Way (RoW) in the construction of transmission projects across the
country.
Thisday Newspaper
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