The Managing Director of Kaduna Electric, Engr. Garba Haruna
hassuggested what he called a triple action strategy to solving the
challenges bedeviling the nation’s power sector.
The
strategies, as advocated by the electricity boss are reductions in the
cost of electricity generation through reduction in the cost of gas;
Central Bank of Nigeria’s intervention through provision
of low interest finance to the participants in the Nigerian Electricity Supply Industry and subsidization of electricity to
residential customers.
Engr
Garba Haruna who made the assertion yesterday while granting audience
to the House of Representative Committee on privatization and
commercialization during the latter’s oversight visit to the
company in Kaduna also called for the review of the capacity cost which the distribution companies are made to bear.
He
disclosed that Kaduna Electric has invested N4.5b in one year towards
its mass meters deployment programme. He also announced that the
Company’s desire to ensure full and timely metering of its customers is
been inhibited by the existing regulatory frame work which limits the
company’s annual investment in metering to N4.2b.
He also
expressed concern over the monthly energy invoice being submitted to
Kaduna Electric by both the Nigerian Bulk electricity Trading Company
and the market Operator. According to him “70% of the monthly invoice of
Kaduna Electric is from thermal generation companies even though the
bulk of the power supplied to the company
is from hydro stations”.
He
appealed to the national assembly through the committee of
privatization to come hard on the perpetrators of energy theft and
vandalism of power supply infrastructures by strengthening the existing
law against the menace.
Earlier, the Chairman of the House
Committee on Privatisation and Commercialisation, Alhaji Ahmed Yarima
disclosed that the essence of the oversight visit is to consolidate on
the gains recorded after privatization through enhance legislative
process. He charged the Management of the Company to ensure full
compliance with all its
contractual agreement with the authority. The
Director General of the Bureau for Public Enterprises, Dr. Vincent
Akpatare disclosed that the Federal Government is discussing with all
stakeholders with the view to addressing the identified contradictions
and challenges in the sector.
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