Fashola Shakes Aso Rock, Stuns The Whole Nation, Goes The Extra Mile, Turns Aso Rock To The New Eldorado

The Federal Executive Council (FEC) has affirmed the inclusion of the presidential villa in the qualified customer policy to ensure uninterrupted power supply to the estate.

In an announcement on Friday, Hakeem Bello, special adviser on communications to Babatunde Fashola, minister of power, said the endorsement is done to accomplish and improve the power supply and dispersion in the nation.

As indicated by him, the endorsement was made at the FEC meeting on in light of a reminder presented by the pastor looking for endorsement to incorporate the presidential manor in the dispersion development program prior affirmed by the committee.

The eligible customer guideline, which was issued by the Nigerian Electricity Regulatory Commission (NERC) in mid-2017, licenses power clients to purchase control legitimately from the power age organizations (GenCos),

other than the distribution organizations (DisCos), in accordance with the arrangements of segment 27 of the Electric Power Sector Reform Act 2005.

The program looks to empower unutilised 2000 megawatts (MW) from the GenCos to be disseminated to focused metered clients.

“The Ministry had before acquired endorsement from the Bureau of Public Procurement (BPP) following its letter to the Bureau hinting it of the Council’s endorsement of the Distribution Expansion Program with the aim of the Ministry to get civil works that would encourage continuous power supply to the Aso Rock Villa and control the present erratic supply of power regardless of the availability of power by the Generation Companies (GenCos),” Bello said.

“The task to be executed by Messrs Dextron Engineering Limited, has a finish time of a half year under the Distribution Expansion Program. A plan has additionally been set up with the end goal that a GenCo, North-South Power Company Limited, will acquire the devoted supply to the Villa from the National Grid while the Abuja Electricity Distribution Company (AEDC) has demonstrated enthusiasm to guarantee accomplishment of the venture.”

ENDORSEMENT FOR A STERILE REGULATION TWO YEARS AFTER INTRODUCTION

In February, the federal government had asked GenCos to find eligible customers for its stranded power as the payment for shortfalls might end soon.

On March 1, 2017, the federal government approved the sum of N701 billion as power assurance guarantee fund for the Nigerian Bulk Electricity Trader (NBET) to pay for the electricity produced by the GenCos to the national grid and as well cover the shortfalls. The two-year intervention ended in December, 2018.

With the current reality that no licensed customer has benefitted from the eligible customer policy two years after it was unveiled, the patronage from the presidency gives a strong endorsement to the directive, encouraging more buyers, especially manufacturers who require uninterrupted power supply for industrial use.

This will also encourage GenCos to produce more energy, as they currently produce less than their installed capacity of 13,000MW, in as much more eligible customers are ready to buy them. It will also reduce the constant issue of load rejection by DisCos, as the rejected energy will be diverted to eligible customers.

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