Electricity Distribution Companies in Nigeria have called for the creation of an enabling environment to ensure cost recovery and further drive investments in the nation’s power sector.
The Discos had been directed by the Nigerian Electricity Regulatory Commission to submit their PIP, which would be a key input for major review of electricity tariff – the Multi Year Tariff Order 2020, expected to take off by January.“Rational investors will need to see a pathway of recovering their investment for them to make the leap.
He said PIP programme valued at €2.3 million was being implemented by ANED with technical support from AF Mercados. Amato said the seminar would enhance the Discos’ strategic planning efforts and provide modalities for the upcoming PIP over the next five years. Guerra said that six minor tariff reviews carried out has not been applied by NERC, adding that another minor tariff was imminent, “I hope they apply it this time,” he said.
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Investment: FG to restructure power sector for improved supply — Osinbajo – Daily TrustThe Vice President, Prof. Yemi Osinbajo says the Federal Government is discussing with stakeholders on ways to restructure Nigeria’s power sector with a view to improving supply and attracting more investment to the country. Osinbajo stated this in Abuja on Tuesday at a Breakfast Meeting of the Lagos Business School.ADVERTISEMENT He expressed the Federal Government’s … ProfOsinbajo This will be welcome idea, I've been to different countries and their power supply always ON. I think we can implement such an idea. If Nigeria power supply can be like MTN, ETISALAT, GLO, in the sense that if you don't recharge you'll not have lights ProfOsinbajo His excellency, I strongly believe in this administration that in this second term there's gonna be drastically change in Nigeria. But the main paramount is Security God blessed Nigeria ProfOsinbajo Sir, we actually appreciate your efforts but Sir, if you still have faith in DISCOs after they failed all the agreement done before the privatization of the power secter you are very wrong, don't ever think there will be any improvement with the current DISCOs
Source: Daily Trust - 🏆 13. / 51 Read more »