Emmanuel Addeh in Abuja
The Nigerian Electricity Regulatory Commission (NERC) has approved a five-year Performance Improvement Plan (PIP) and Capital Expenditure (Capex) benchmark for Distribution Companies (Discos), expected to run from July 1, 2021, to June 30, 2026.
The commission, in an order copied the 11 Discos, stated that the review of the capital expenditure allowances were to align with PIPs of the Discos and form the basis to prioritise the implementation of the proposed initiatives.
According to NERC, the Discos are expected to commit to the growth parameters, which include the reduction of Aggregate Technical, Commercial and Collection (ATC&C) losses, reliability, and availability of services, billing, and payment processes as well as metering.
Emmanuel Addeh in Abuja
The intervention by the Central Bank of Nigeria (CBN) in the metering challenges in the power sector, has started to yield the needed results, it was learnt yesterday.
Last week, the Special Adviser to the President on Infrastructure, Mr. Ahmad Zakari, confirmed that the federal government was revving up its disbursement of a N120 billion capital expenditure (CAPEX) to improve infrastructure, especially to support the metering programme by the Distribution Companies (Discos).
It was gathered that a number of approvals had been made by the apex bank beginning from the last quarter of last year, with disbursements standing at N14.35 billion as at December 24, meant for the procurement of an additional 263,000 metering devices.
By Ediri Ejor
At the backdrop of rumors of possible hike in electricity tariff, the Minister of Power, Engr. Sale Mamman, has indicated that the ministry is focusing on increased efficiency and not tariff.
In a statement made available to Financial Vanguard last weekend, Mamman said, ‘‘instead of significant hike in electricity tariff, Nigerians should expect an increase efficiency in the sector to reduce tariffs while managing headwinds from foreign exchange and inflation.’’
Mamman explained that the order issued by the Nigerian Electricity Regulatory Commission, NERC, on the 26th of April 2021 titled “Notice of Minor and Extraordinary Review of Tariffs for Electricity Transmission and Distribution Companies” was a routine procedure.
(AFRICAN EXAMINER) – At the backdrop of rumors of possible hike in electricity tariff, the Minister of Power, Engr. Sale Mamman, has indicated that the ministry is focusing on increased efficiency and not tariff.
In a statement made available , Mamman said, ‘‘instead of significant hike in electricity tariff, Nigerians should expect an increase efficiency in the sector to reduce tariffs while managing headwinds from foreign exchange and inflation.’’
Mamman explained that the order issued by the Nigerian Electricity Regulatory Commission, NERC, on the 26th of April 2021 titled “Notice of Minor and Extraordinary Review of Tariffs for Electricity Transmission and Distribution Companies” was a routine procedure.
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