FG meets NDPHC, TCN to improve power supply

0

Saleh Maman, minister of power, and Goddy Agba, his minister of state counterpart, have met with major players in the power sector to address the electricity challenge in the country.

According to a statement signed by Ofem Uket, media aide to the minister of state for power, Saleh said at a meeting between the managements of the Niger Delta Power Holding Company (NDPHC), the Transmission Company of Nigeria (TCN) and a federal government delegation that the government is committed to ensuring that there is improvement in electricity supply across the country.

He said the meeting was timely in the face of inadequacies in the supply of power in cities and communities in the country.

Also speaking, Agba, the minister of state for power, asked actors in the sector to put in more technical commitment to deliver electricity to the people, saying the only language the people understands is to have steady supply of electricity in their homes.

According to him, the government will continue to ensure it provides relevant policies on power sector reforms to drive the process of growth in the country.

Stanbic IBTC Pension Managers

”Earlier, the Governor of Edo state and board chairman Niger Delta Power Holding Company Godwin Obaseki said the essence of the meeting was to disclose to the Federal government and its representative that NDPHC has power assets across the country managed by the Transmission Company of Nigeria TCN, saying such revenue assets have not generated any revenue over time,” the statement said.

”The governor disclosed that TCN had not remitted revenue realised on the management of the assets, and that has affected the finances of NDPHC. The governor said NDPHC cannot evacuate power for sale because of its low revenue base and the fact that players in the sector are offering to buy at very low cost.

”Also on non- remittances, the managing director NDPHC Chiedu Ugbo said the company has not made any revenue in the huge investments made to build power transmission assets in the country, stressing that they have come to discuss with the two ministers of power to facilitated speedy approach of payment by TCN to NDPHC. He appealed to the power ministry to consider the huge investment the company has made.”

Stanbic IBTC Pension Managers

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.