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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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EU promises to tackle Nigeria's electricity problems


By Akinola Ajibade


Nigeria"s electricity network may enjoy a reasonable level of stability soon, if the promises by the European Union ( EU) is anything to go by.

This happens as the  country is battling network  problems, occasioned by incessant breakdown of the it's grid and its attendant difficulties in enduring that Nigerians  access electricity adequately.

The Team Leader, EU's and Delegation to Nigeria and Economic Community of West African States ( ECOWAS) on Green and Digital  Economy  Ms Inga said this during an interview with the media.

According to her there was an imbalance in the system,  adding that there are fluctuations to be addressed in tackling electricity problems in the country.

“Looking at the northern part of the country, power supply is weaker in that area.We are supporting the TCN to cut off some transmission lines that will help in stabilising the network.

“The network in the North West is ongoing at the moment and the EU is funding it to be more stabilised.Basically it is a long time vision we are working on and the project that addresses that has started since 2017, implemented through collaboration with TCN,’’ Stefanowicz said.

She said that all the organisations that are generating power supply were from the gas power plant, adding that only 18 per cent are from hydro.

She added:“We want to see how we can increase more in distribution network of Nigeria and to support the Federal Government to meet targets by 2030.This is helping Nigeria generate 30kilog making it 30 per cent energy mix; we are supporting them in that regard.For distribution, we are helping to develop more, where they reduce losses.

“From the electricity grid presently, the level of electricity losses and network is very high.There are losses from obsolete transformers, wires and distribution cables as well as in the area revenue collection.’’

She said that EU has also been helping the Association of Nigerian Electricity Distribution (ANED) to develop its capacity in the area of power supply.

She identified inability to connect more people connected to the grid as the major challenge at moment, saying only about 57 per cent of the population was unconnected.

She said that the organisation had assisted those not connected to the grid, to have more access to electricity through decentralised mini grid.

 

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