FG Takes Delivery Of 218 Stranded Power Equipment; Set To Boost Power Supply

By Ikenga Chronicles November 24, 2016

The Transmission Company of Nigeria (TCN) yesterday, took delivery of 218 stranded electricity equipment, which had been lying idle at the Apapa ports for over eight years.

The Minister of Power, Works and Housing, Babatunde Fashola who received the consignment at the Duncan Terminal in Apapa, said the equipment would go a long way in addressing the challenge of epileptic power supply.  He said that 77 containers were cleared from Duncan Terminal, while 114 containers will be cleared from other terminals.

Fashola who was represented by y the Acting Chairman and CEO, Nigerian Electricity Regulatory Commission (NERC), Mr. Anthony Akah, ‎ said the move was part of the Federal Government’s effort at ensuring steady power supply by engaging all stranded equipment.

‎He explained that the management of TCN will ensure that the consignments are moved immediately to sites for commencement of pending works.

‘‘The President, as part of efforts to give Nigerians stable power supply, has approved the disbursement of fund for the clearing of stranded containers containing power equipment and materials at various terminals so as to improve power delivery to every Nigerian.”

‘‘I equally want to appreciate the effort of the Vice President, Prof. Yemi Osinbajo, for his support towards the actualisation of the clearing of the stranded containers.”

“A lot of hard work has gone into negotiation for the release of these power equipment due to the accrued demurrage as a result of the suspension of the issuance of import duty exemption certificate for some period in 2014’’ he said.

The Minister said it is expected that the shipping companies and terminal operators will be supportive of this administration and cooperate with the Ministry of Power in its effort to move other power equipment at their various terminals to project sites.

However, Fashola hinted that the federal government will hand over the TUC to the private sector to ease financial burden, adding that  private sector would be carried along to drive the transmission arm of the power sector value chain.

‘‘Our action is being driven by non- availability of funds to drive development in the power sector. The government can no longer handle funding of the power sector alone. That is why we are now looking towards involving private sector in transmission because this will help in raising fund for the sector” he said.

Fashola pointed to the lack of balance in the structure of power mix, stating that about 80 per cent of power being generated is from gas. He said the trend would be reversed through the use of other cleaner energy sources in order to bridge the gap in electricity supply in the country.

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