FEDERAL MINISTRY OF POWER, WORKS & HOUSING

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LATEST PRESS
14 August, 2018
Cross section of the participants during the  29th Monthly Power Sector Operators Meeting hosted by Mainstream Energy Solutions Limited, operators of Kainji and Jebba Hydro Power Plants on Monday , 13th August 2018 at the Justice Legbo Kutigi Hall, Minna, Niger State

Electricity: Customer Eligibility Policy Yields Result – Fashola

The Customer Eligibility Policy of the Federal Government has started yielding result, with five industrial customers presently buying electricity directly from Generation Companies (GenCos).

The Minister of Power, Works and Housing, Babatunde Fashola made this known on Monday at the 29th stakeholders’ meeting organised by Mainstream Energy Solutions Ltd., in Minna.

The News Agency of Nigeria (NAN) reports that the Customer Eligibility Policy was declared by the minister in 2017 to improve distribution side of electricity and facilitate better power supply to consumers who consumed up to two mws and above.

“From reports reaching me, five industrial customers are now benefitting from the policy and taking their power directly from a GENCO, which incidentally is our host today, messers Mainstream Energy Ltd.

“We also have a list of 26 industrial customers who are seeking to benefit from the policy,’’ Fashola said.

According him , directives have been issued to the Nigeria Electricity Regulatory Commission (NERC) to work out and implement competition transition charges as provided by Law, to safeguard operators from any losses arising from the policy.

“We will continue to monitor the impact of the policy and remain flexible to keep what works and change what does not.

“I urge everybody to remain open-minded, adaptive and responsive.’’

He said the provision of N701 billion payment assurance guaranteed by government was to give comfort to investors in the generation side of the value chain.

This, he said was designed to ensure the payment of power produced by GenCos.

“Since its implementation in 2017, recovery of payments by GenCos has increased from 20 per cent to 80 per cent and power supply capacity has improved from 4,000mw to 7,000mw and there is an appetite by other players to participate.

“Is it perfect, certainly not, do the GenCos like it, I am sure that they will tell that 80 per cent recovery is better for business than 20 per cent recovery, but they would rather have 100 per cent recovery,’’ he said.

The minster, however, said that GenCos must transparently invoice for their output made on generation of power.
“We must harmonise the price of gas for payment under the scheme, where there are differential prices arising from different gas suppliers.

“Therefore, we must work as owners of the policy to nurture and improve on its capabilities.

On Meter Asset Provider (MAP), he said the policy was introduced to address the meter supply gap, relieve the DISCOs of the financial burden of meters.

He said reports reaching him indicated that there was an embracement of the policy, adding that entrepreneurs were showing interest and talking to banks to raise finance.

On energising educational institutions and markets, Fashola said, “these are government-led initiatives based on the rural electrification plan approved by the President in 2016 to provide access to power for rural dwellers and vulnerable members of our society.’’

He said government had proposed to use six small hydro dams that had been abandoned for decades to energise Federal Government owned universities and some markets.

“There are currently 15 markets under contemplation with Ariaria, Sabon Gari and Sura markets in Aba, Kano and Lagos as flagships.

“The six hydro dams are to be concessioned to private operators on Build, Operate, and Transfer (BOT),’’ he said.

Source: NAN

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PHOTO NEWS
28 March, 2018

FASHOLA HASSAN EHANIRE AT THE 2018 NATIONAL BUDGET HEARING OF THE SENATE AND HOUSE JOINT COMMITTEES ON APPROPRIATIONS

Hon Minister of Power Works Housing Mr Babatunde FasholaSANmiddle Minister of State Surv Suleiman Zarma Hassanleft and Minister of State for Health Dr Osagie Ehanire right duringthe2018 National Budget Hearing of the Senate and House of Representatives Joint Committees on Appropriations at the Conference Room 022 Ground Floor Senate New Building National Assembly Complex on Tuesday 27th March 2018

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POWER NEWS
PHOTO NEWS
25 February, 2017

DAY THREE OF FASHOLAS INSPECTION TOUR OF HIGHWAY PROJECTS IN THE SOUTH SOUTH ZONE

A Section of theBodo Bonny Road with Bridges across Afa Opobo and Nanabie Creeks in Rivers State duringthe third day of the inspection tour of ofHighway Projects in the South South Zone of the country by the Hon Minister of Power Works and Housing Mr Babatunde Fashola SAN on Saturday 18 February 2017 The contract for the Project was first awarded in 1998 and works started 2003 it dragged on till 2014 when contractor abandoned site but with provision of funding by the Federal Government construction work by Julius Berger Nigeria Plc is set to resume on the Project

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