- IBEDC says the foundation problems of the power sector needs to be addressed
- The managing director of the company, John Donnachie, states that the distribution companies are heavily indebted
- Nigeria’s national electricity grid collapsed six times within a period of eight days in January
Nigeria’s power sector could be on the brink of collapse any time soon if efforts are not made to address the foundation related issues in the sector, the management of the Ibadan Electricity Distribution Companies (IBEDC) has warned.
The company gave the warning at the Obasanjo Presidential library in Abeokuta in Ogun state as it signed a Memorandum of Understanding (MoU) with the United States Power Africa on technical partnership to improve its service across the network coverage, Vanguard reports
The managing director of (IBEDC), John Donnachie, said unless the foundation problems of the power sector was addressed, the country would be building on a faulty foundation.
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He said: “My opinion is that we need to go back and reset our original agreements of what the tariffs are, the rules and what we need to do and how we are going to finance the business, because everything is about money. Until those foundations are done, we are going to go backwards and not forward.
“I am not saying the policies and progress government is trying to put in place are wrong, but I am saying the foundation is wrong.”
He noted that the distribution companies (DISCOs) were heavily indebted and that it was affecting their operations to deliver more to their customers.
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Meanwhile, latest data from the Transmission Company of Nigeria has shown that the national electricity grid collapsed six times within a period of eight days this month, Punch reports.
Statistics from an arm of the TCN, the Nigeria Electricity System Operator, showed that the incidents occurred between Monday, January 1 and Monday, January 8.
NAIJ.com gathered that during ths first system collapse which occurred between January 1 and 2, the country’s power generation crashed from 3,667.5 megawatts to 5.0megawatts.
On January 3 which was that second grid collapse, power generation was at 51megawatts, but moved up to 2,660.1megawatts the following day. For the third time on January 5, power generation crashed to 107 megawatts. Power generation also dropped during the three other incidents.
According to the data, the peak power generation during the eight-day period hovered between 3,707.2megawatts and 4,982.7megawatts.
Nigeria's electricity crisis explained - on NAIJ.com TV:
Source: Naija.ng