Nigerians will get improved power supply from July 1, Mr Sanusi Garba, the Chairman, Nigerian Electricity Regulatory Commission (NERC), has assured.
Garba disclosed this on Wednesday in Lagos after the Second Nigerian Electricity Supply Industry (NESI) meeting which was attended by senior officials of NERC, Transmission Company of Nigeria (TCN), Generation Companies, and also electricity Distribution Companies.
The chairman while speaking at an interactive session with newsmen after the meeting said that Nigerians will experience improved power supply from July following renewed efforts by industry stakeholders.
Garba said NERC had facilitated a contractual agreement between the Gencos, TCN, and the DisCos that would guarantee the generation, transmission, and distribution of an average of 5,000MW of electricity daily to customers effective July 1. The agreement also stipulates penalties for any defaulting party.
“Yes, we have had discussions with the gas suppliers within our regulatory space. We have them on board to ensure that once we made the commercial requirements, gas was going to flow.
“Now, for transmission, we have heard of figures well in excess of 5,000MW and clearly TCN will be able to deliver that.
“I recall clearly in March last year we had 5,400MW. So, it means it is quite possible based on signed commitments.”
“So, in a situation where Gencos are able to deliver 5,000MW but TCN is unable to do so, they’ll pay the penalty to the generation company and so on.
“And whenever the power is available and DisCos do not take the power; then they will pay liquidated damages that will compensate other market participants.
“We might not have 24/7 power supply from July 1 but Nigerians will see the trajectory because the target is to have an average of 5,000MW daily for transmission and distribution,” said Garba.
On the recent collapse of the national grid, the chairman said external factors such as inadequate gas supply, and vandalism of power infrastructure and gas pipelines were responsible.
According to him, “The challenges of today are very clear. In the past, it used to be weak infrastructure and so on and so forth. Now we have certain external factors contributing to these events.
“Obviously, it’s not common around the world to see people coming down, pulling down transmission towers for no reason; or blowing up crude oil lines.
“In a number of instances, most of the gas we have today is associated gas and because of that when crude lines are disrupted it also affects the supply of gas to the thermal stations.”