Fidelity Header Ads
Business News Energy and Power News Top Story

Military, defence formations highest electricity debtors – Report

I'll return to fight Boko Haram in Sambisa after treatment – Injured soldier vows

A report of the ongoing audit of debts owed to Distribution Companies (DisCos) by government ministries, departments and agencies (MDAs) shows that the highest defaulters of electricity services in the country are the military and defence formations, TheNewsGuru.com can authoritatively report.

According to the report, the verification team placed the debt at N59.3 billion.

However, the Minister of Power, Works and Housing, Babatunde Fashola assured the DisCos that all verified bills will be recommended for payment on a first come first serve basis.

This was part of the information in a communiqué by the operators at the end of their 13th monthly meeting at the Ughelli Transorp Power Generating Station held on Monday.

The communique, obtained by TheNewsGuru.com, stated that Fashola, before the commencement of the monthly meeting, commissioned a 115 Mega Watts electricity generating turbine installed by Transcorps Ughelli Limited.

It said that the facility had resulted to 620MW total installed capacity from the 160MW it inherited on privatisation in 2013.

Read Also:  Court remands Atiku’s son, Aminu for contempt of court

According to the communique, the meeting has resolved that economic progress of the country largely depended on the success of the sector, adding that Federal Government remained committed to improving electricity supply.

It said that the Enugu and Yola DISCOs reported on the completion of maintenance works in Awka and Maiduguri to have improved service delivery to targeted customers in the area.

It said the meeting re-emphasised the need to react to customers’ complaints more speedily in the event of any challenge in any of the value chain.

TheNewsGuru.com reports that the meeting also received reports on the level of work being done to restore power to Magboro community in Ogun State; and Irele and Omotosho communities in Ondo State.

It said that the Nigerian Electricity Regulatory Commission reported on the improved compliance with submission of audited accounts since the last meeting.

According to the document, the meeting agreed that NERC would be more rigorously in performing its regulatory duties and mandated NERC to standardise reporting on financial performance, safety and customer service.

Read Also:  Buhari signs bill establishing University of Petroleum Resources in Niger Delta

The Market Operator noted that Eko and Ikeja DisCos had the best payment performance on payments to service providers, while Port Harcourt DisCo had the worst payment performance to service providers.

It reported that the Nigerian Electricity Management Services Agency noted that Eko, Enugu, Ibadan and Jos were the safest DisCos for the month of January.

It said the meeting commended government’s decision to support Nigerian Bulk Electricity Trading Company with N701 billion to pay GENCOs for electricity produced under the power purchase agreements.

Comments

comments