ANED to FG: Bar Major Stakeholders in the Power Ministry From Using Generators

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The Federal Government must bar the Minister of Power, Works and Housing, Babatunde Fashola, all Managing Directors of the 11 electricity distribution companies (DisCos) in the country as well as major stakeholders in the power ministry from using generators.

The trade association for investors in power distribution, Association of Nigerian Electricity Distributors (ANED), which made this demand during a visit of its officials to the corporate headquarters of New Telegraph in Lagos yesterday, maintained that this would hasten solutions to the myriads of power challenges rocking the country.

Speaking through its Director of Research and Advocacy, Mr. Sunday Oduntan, who led the team, the group also threw its weight behind the Vice-President Yemi Osinbajo’s call for cost reflective tariff, maintaining that this would help to better the humongous industry shortfall, which hit N892.4 billion in August.

“All those in charge of power should be barred from using generators; minister of power, Permanent Secretary, ministry of power, Chief Executive Officers of all power Generation companies (GenCos) and distribution companies (DisCos), all of us must be barred from using alternative source of power.

“If we are all on the grid and have no access to generators, we would act immediately we discover power outage in our areas. We all know who to call when there is no light and I believe that we would act accordingly if there is no alternative source for us to bank on,” he said.

 Throwing his weight behind the Vice President over his comment on power tariff review, Oduntan, who was accompanied by ANED’s Technical Specialist, Akin Akinpelu; Project coordinator, Mayo Fadelu and Project assistant, Bimpe Amure, said:“Tariff needs to be adjusted to be cost reflective. In the alternative, a subsidy must be put in place to address any gap between the cost of energy and the suppressed tariff.”

He urged Nigerian Electricity Regulatory Commission (NERC) to pass an Order “for the creation and application of Regulatory Asset instrument to be used for monthly reconciliation by NBET.”

Source: IWIN

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