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FG- Imo: :Regulatory Oversight of The State Electricity Market Is Now Underr ISERC

By Favour Ifeoluwa & Akinola Ajibade  The Federal Government yesterday( Monday) announced the transfer of Regulatory Oversight of the Electricity Market in Imo State to the state electricity regulatory commission, otherwise known as (ISERC). In a statement issued by the Nigerian Electricity Regulatory Common( NERC), the development is in compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended), reiterating that all transfers envisaged by this order shall be completed by 31 December 2024. According to the Commission,the transfer Order’s provisions include: “Direct Enugu Electricity Distribution Company (EEDC) to incorporate a subsidiary (EEDC SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Imo State from EEDC, and that EEDC shall complete the incorporation of EEDC SubCo within 60 days from 27th June 2024. The subcompany shall apply for and obtain licence for the in
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WHY 32 POWER PROJECTS NOT EXECUTED


 By Akinola Ajibade

Thirty two electricity projects across the country are not feasible due to gaps in the implementation of the Right of Way( RoW) resolutions.

The projects, which  are located in different  states are said to have been unecessarily delayed, because of poor implementation of RoW.

Minister of Power Abubakar Aliyu, said this during a stakeholders' programme in Abuja.

He said that the projects account for an investment of $137 million that the Nigerian public is yet to realise value from, due to the RoW issues.

RoW is a legal instrument allowing operators to deploy infrastructure on federal or state roads, power transmission lines or railways at a fee. Unfortunately, these same fees are not fixed and it varies from state to state, region to region, agency to agency. The removal of the RoW barriers coudl fast-track the expansion and strengthening of the national power grid.

He urged states"government to remove the RoW barriers in order to mitigate power shorrtsge, adding the Federal Government is committed to improve electricity situations nationwide.

Aliyu said that the removal of RoW barriers will assist in avoiding some of the recent disruptions in power supply in the country, adding that some power projects which account for investment worth $137 million have been stalled.

The Minister stressed the need for urgent attention on the issue of state government’s approval on ROW, which he said had hampered transmission projects meant to strengthen and expand the grid for better supply of electricity in the country.

The need to ramp up transmission infrastructure becomes even more important on the back of the recent delivery and imminent delivery of some independent power projects across the county.

Aliyu said that the removal of RoW barriers will assist in avoiding some of the recent disruptions in power supply in the country, adding that some power projects which account for investment worth $137 million have been stalled.

The Minister stressed the need for urgent attention on the issue of state government’s approval on ROW, which he said had hampered transmission projects meant to strengthen and expand the grid for better supply of electricity in the country.

The need to ramp up transmission infrastructure becomes even more important on the back of the recent delivery and imminent delivery of some independent power projects across the country.

Recall that the Federal Government has for years been advocating for the implementation vof Right of Way, in order to avoid destruction of properties that were constructed along RoW.

Recently, the government and its agency notably the Transmission Company of Nigeria (TCN) marked Hundred vof buildings ( completed and none completed) along Ifo, Ibogun up to Papalanto area for demolition.





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