The Chairman, Nigerian Electricity Regulatory Commission, (NERC), Sanusi Garba, says Nigerians will witness improved power supply from July 1, following renewed efforts by industry stakeholders.
Garba gave the assurance at an interactive session with newsmen after the Second Nigerian Electricity Supply Industry (NESI) meeting yesterday, in Lagos.
The meeting was attended by top officials of NERC, Transmission Company of Nigeria, (TCN), Generation Companies (GenCos) as well electricity Distribution Companies (DisCos).
He said the NERC had facilitated a contractual agreement between the Gencos, TCN and the 11 DisCos that would guarantee the generation, transmission and distribution of an average of 5,000MWs of electricity daily to customers effective July, 1.
According to him, the contract is binding on all the players across the sector’s value-chain and stipulates penalties for any party that defaults on the arrangement under the new regime.
Garba said: “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 5,000MWs, and clearly TCN will be able to deliver that.
“I recall clearly in March last year we had 5,400MWs. So, it means it is quite possible based on signed commitments”.
He said all the stakeholders across the value-chain had obligations and that there would be consequences if they failed to deliver.
“So, in a situation where Gencos are able to deliver 5,000MWs but TCN is unable to do so, they’ll pay the penalty to the generation company and so on”.
