FEC approves Policy to Boost Power Transmission

0
1

 

THE Federal Executive Council, FEC, has approved a memo for a framework to boost transmission of power to Nigerians. Babatunde Fashola, minister of power, works and housing, said the policy would facilitate investments into the sector and make it possible for power being generated to be added to the National grid for the benefit of Nigerians.

He said while the country is generating 7000 megawatts of electricity, he regretted that the power distribution companies, Discos, don’t have the capacity to take more than 5000 megawatts.

“FEC today (January 17) approved a Memo providing a framework of investment at the 33KVA and 11KVA line in expanding the national distribution network to deliver an extra 2000megawatts of electricity to consumers, which is currently not getting to the grid,” he said.

According to Fashola,  the reason they are not getting to the grid, is that those networks are not sufficient to support more than 5,000mw, so investments has to come in.

Fashola said the federal government has 40 percent shareholder and the Discos have 60 percent, adding that they would be compelled to make additional investments which they were suppose to have made. The process will involved the procurement of the equipment, lines and all of the accessories to build those networks and there will be more under international procurement standards.

“The federal government will put its own 40 percent and ask the Discos to put their own 60 percent and other parties who are interested will have the opportunity to improve the investments. This is just to accelerate action to ensure that the 2000mw that is available now gets to the grid and gets to the people because power is coming. We are expecting many more power plants to be completed this year which will add almost 1,600mw to the grid.”

 

– Jan.  19, 2018 @ 09:40 GMT

(Visited 9 times, 1 visits today)
Loading...