Power supply: FEC approves 16 power contracts
By Alao Matthew
The extraordinary Federal Executive Council meeting presided over by Vice President Yemi Osinbajo at Council Chambers of the State House, Thursday approved all 16 memos on power presented by Minister of Power, Engr Abubakar Aliyu.
The Minister of power blamed the epileptic power supply in the country on the lack of attention paid to the development of the sector in the past, which he said the present administration has done more than any other to ensure that Nigerians enjoy improved supply of electricity.
Engr Aliyu said contrary to the impression that nothing was being down to tackle epileptic power supply, the government was doing a lot to remedy the situation with more investments in the sector which he said had manifested in the less system collapse being witnessed in the country.
The minister assured that Nigerians will soon see the outcome of the ongoing investments, While noting that the federal government has placed order for power equipment.
Aliyu maintained that the present power generation in the country is about 5,000mw as he decried what he termed the weak transmission grid.
Aliyu Speaking on the memo stated: “Today, I presented to council 16 memos, which I seek for council’s approval and the council graciously approved all of them. At this point, let me say what these approvals will do to the nation’s electricity supply.
“As we’re all aware, the major problem we’re having in the Electricity Supply Industry is to be able to evacuate sufficient electricity and distribute them. That is to say, we have a very weak transmission grid and distribution segment of the value chain.
“We may not be having many problems with generation. So, unless we’re able to strengthen the electricity grid, which is nationwide, and to expand, and to be able to evacuate, what the grid can take to consumers, we will have a lot of problems ahead of us.
“So, what we’re doing currently through various and several interventions is to be able to repair the grid by constructing new transmission lines, bringing in new types of equipment to replace the old ones at our substations. So, that will release more capacity to the distribution and leading to the customers.
“So, the operational capacity, as you all know now is hovering around 5,000 megawatts and the transmission and distribution.
“So, these projects that we brought to council today and got approvals are all geared towards strengthening the willing capacity of the transmission and towards distribution, even though as you all know, the distribution segment of the NESI (Nigerian Electricity Supply Industry) is been privatized, but we cannot fold our arms and allow them to continue not to do much in order to evacuate what the transmission can bring.
“But as it is now, even the transmission is not that strong. So, we need to put more investment into the transmission so that we can improve the willing capacity of the TCN to be able to take up enough electricity from the generation.
“So, these memos, although 16 of them but they’re all geared towards achieving what I’ve just explained. So I’m going to read them out for you for purpose of records and information” he concluded.
