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Government bans purchase of transformers by electricity consumers: Business : Nigerialog.com - Nigeria's Premier Online Forum

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Government bans purchase of transformers by electricity consumers

By: dayan (M) |Time : September 09, 2016, 09:38:35 AM
By Emeka Anuforo (Abuja) and Roseline Okere (Lagos)   |   09 September 2016   |   4:42 am


Mr Babatunde Fashola, Minister of Power, Works and Housing.

• Tasks Discos on improved networks
• Seeks investors to achieve 20,000MW target

The Federal Government has outlawed the procurement of transformers by electricity consumers, maintaining that it remains the duty of distribution companies (Discos).

It also charged operators in the nation’s power sector to improve investments in order to upgrade their networks.

The government equally expressed readiness to offset the electricity bills owed by ministries, departments and agencies (MDAs) put at N97 billion by the Discos.

The Minister of Power, Works and Housing, Babatunde Fashola, who made the disclosures during a meeting with officials of the Abuja Electricity Distribution Company (ANED), however, noted that a careful verification of the debts was being carried out to ascertain the exact amount, considering that the sum stretches to several years.

He welcomed any information that could expedite the exercise.

He said: “You must continue to make distribution asset investments. Private purchase of transformers should stop. That is the responsibility of the distribution companies. We still have cases of people buying transformers themselves. This should not be the case.”

Fashola charged the operators to improve customer relationship as well as close the metering gap and educate consumers on energy conservation.

“Since the distribution companies are now owned by private enterprises, you need to make it easy for people to reach you. Let us all understand that the problems we have are not technical. They are manmade,” he noted.

Earlier, the firm’s Managing Director, Ernest Mupwaya, had sought government’s approval to use the debts as letter of credit to address the liquidity challenges of the sector.

In the meantime, the Transmission Company of Nigeria (TCN) is seeking investors for its $7.5 billion system expansion agenda geared at attaining 20,000MW by 2022.

In the ambitious five-year plan by which the transmission firm hopes to achieve 6,600MW by the end of 2016; 10,000MW in 2018; 13,000MW in 2020; 16,000MW for 2021 and 20,000MW by 2022, the nation’s capacity is to grow over the years from the current 5,300MW.

A draft of the Nigerian Power Sector Investment Opportunities and Guidelines obtained by The Guardian yesterday noted that investment in the sector was very attractive owing to its growth potential.

The document, however, lamented the inability of the transmission and distribution companies to effectively discharged their duties.

http://guardian.ng/news/government-bans-purchase-of-transformers-by-electricity-consumers/

Re: Government bans purchase of transformers by electricity consumers

By: dayan (M) |Time : September 09, 2016, 09:41:06 AM
Quote
In the ambitious five-year plan by which the transmission firm hopes to achieve 6,600MW by the end of 2016; 10,000MW in 2018; 13,000MW in 2020; 16,000MW for 2021 and 20,000MW by 2022, the nation’s capacity is to grow over the years from the current 5,300MW.
 

The 2016 goal will determine whether the other milestones will be achieved. 
Electricity should be deciding the fate of Nigeria's presidents. Any leader who fails to give us electricity has failed on all other counts!

Re: Government bans purchase of transformers by electricity consumers

By: Adenosine (M) |Time : September 09, 2016, 10:52:01 PM
Quote
In the ambitious five-year plan by which the transmission firm hopes to achieve 6,600MW by the end of 2016; 10,000MW in 2018; 13,000MW in 2020; 16,000MW for 2021 and 20,000MW by 2022, the nation’s capacity is to grow over the years from the current 5,300MW.
 

The 2016 goal will determine whether the other milestones will be achieved. 
Electricity should be deciding the fate of Nigeria's presidents. Any leader who fails to give us electricity has failed on all other counts!

From my own point of view I don't think this ban can hold as long as the electricity is not stable in Nigeria. They are expecting people to rely on their power when people have what they are using the electricity for that doesn't require any power failure at all. This is one of the mean reason why some firms refused to invest in Nigeria because of power failure. Once electricity is stable in Nigeria, I bet you Nigeria is going to experience a great turn around. Ghana is a country like Nigeria, they had celebrated 10 years without power failure. The same thing with Togo, don't really know why Nigeria own is exceptional...... Let me guess (our leaders). Love this Great country Nigeria ... And I believe in Her dream

Re: Government bans purchase of transformers by electricity consumers

By: dayan (M) |Time : September 10, 2016, 07:10:00 AM
Quote
In the ambitious five-year plan by which the transmission firm hopes to achieve 6,600MW by the end of 2016; 10,000MW in 2018; 13,000MW in 2020; 16,000MW for 2021 and 20,000MW by 2022, the nation’s capacity is to grow over the years from the current 5,300MW.
 

The 2016 goal will determine whether the other milestones will be achieved. 
Electricity should be deciding the fate of Nigeria's presidents. Any leader who fails to give us electricity has failed on all other counts!

From my own point of view I don't think this ban can hold as long as the electricity is not stable in Nigeria. They are expecting people to rely on their power when people have what they are using the electricity for that doesn't require any power failure at all. This is one of the mean reason why some firms refused to invest in Nigeria because of power failure. Once electricity is stable in Nigeria, I bet you Nigeria is going to experience a great turn around. Ghana is a country like Nigeria, they had celebrated 10 years without power failure. The same thing with Togo, don't really know why Nigeria own is exceptional...... Let me guess (our leaders). Love this Great country Nigeria ... And I believe in Her dream

Sad but true. Without electricity nothing can work in this century. Nothing. Honestly I believe that the change agenda has to start with electricity -everything electricity: institutional corruption, etc as it relates to that sector.

Re: Government bans purchase of transformers by electricity consumers

By: Gideon |Time : September 10, 2016, 11:53:14 AM
What can the government say about traditional rulers buying transformers only for their private use?...... Government should provide an exemption to manufacturing companies buying transformers for their productive use and not some dignitaries who has nothing to offer...

By the way,.... Companies that buy transformers for production use are in a way helping the economy. Government should provide a balance to this policy

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