Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » We can’t meter one million customers yearly – Discos

    We can’t meter one million customers yearly – Discos

    April 21, 2016
    Share
    Facebook Twitter LinkedIn WhatsApp

    21 April 2016, Abuja –  Electricity distribution companies have said the deadline given to them by the Federal Government to meter one million electricity consumers annually is not realistic.

    *Electricity meters.
    *Electricity meters.

    According to the Discos, the cap on their capital expenditure is a major challenge to meeting the deadline.

    The chief executive officers of the 11 Discos stated this during an interactive session with the Acting Director-General, Bureau of Public Enterprises, Dr. Vincent Akpotaire, at the bureau’s office in Abuja.

    The bureau, in a statement issued on Wednesday by its Head, Public Communications, Mr. Alex Okoh, stated that the meeting also had heads of power generation companies in attendance.

    Speaking on behalf of the successor power companies, the Managing Director, Ibadan Electricity Distribution Company, Mr. John Donnachie, said the Discos and Gencos had benefited from efforts of the government in the sector through the National Integrated Power Project, the Niger Delta Power Holding Company, the Nigerian Bulk Electricity Trading Plc and the Central Bank of Nigeria’s N213bn intervention fund.

    Donnachie, however, called for additional intervention through the bureau to secure more investment from the Federal Government by financing the 40 per cent equity held in trust by the BPE for the government.

    On the implementation of a cost-reflective tariff, he said it was a step in the right direction but that the deadline by the Federal Government to the Discos to meter one million customers within a year was not realistic.

    He explained that the cap on the Discos’ capital expenditure was a hindrance to meeting the deadline.

    The IBEDC boss stated that metering was a capital-intensive venture and a key component in implementing the new tariff.

    In his address, the BPE DG said that continuous interactions as well as the commitment of the power operators and the political will of the Federal Government were critical to resolving the challenges in the sector.

    Akpotaire called for enhanced synergy between the successor companies of the defunct Power Holding Company of Nigeria and the bureau to boost efforts towards actualising the full objectives of the power sector privatisation.

    While acknowledging that there were fundamental challenges within the sector, he stated that they were not insurmountable if given time, inter-agencies collaboration and adequate investment.

     

    – Punch

    Related News

    OECS Commission plots regional geothermal energy ambitions

    China sets its first renewable standards for steel, cement and polysilicon

    France’s EDF to invest $1.5 billion in Britain’s Sizewell C nuclear project

    E-book
    Resilience Exhibition

    Latest News

    Rivers State Administrator inaugurates key boards

    July 15, 2025

    Rivers State calls for innovation to harness $296m Blue Economy potential

    July 14, 2025

    Nigeria champions sustainable financing at AU Executive Council meeting

    July 14, 2025

    African mining ministers laud Alake’s leadership, resolve to adopt PARC

    July 14, 2025

    OECS Commission plots regional geothermal energy ambitions

    July 14, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.