The federal government yesterday indicated its support for operators in Nigeria’s emerging mini grid electricity sub-sector to break up the monopoly of the 11 electricity distribution companies (Discos) in the country’s privatised power market.
Insisting that the Discos have largely failed to meet the electricity demand of Nigeria’s population as over 50 per cent of the country’s population are not connected to the national grid, according to the Nigerian Electricity Regulatory Commission (NERC), the government explained that it had developed policy frameworks to support the development of mini grid power projects in Nigeria.
The government further urged the operators at a breakfast meeting in Abuja where a new report on financing off-grid energy projects in the country prepared by the Nigerian Renewable Energy Roundtable (NiRER) – an offshoot of the Nigerian Economic Summit Group (NESG), and American-based Rocky Mountain Institute (RMI) was launched, to leverage on the policy supports to provide more electricity to Nigerians.
The breakfast meeting was held yesterday on the side lines of the ongoing 2018 edition of the annual Nigeria Economic Summit. Speaking at the meeting, the Permanent Secretary in the Ministry of Power, Mr. Louis Edozie, stated that Discos have not met the increasing demands for power by Nigerians and as such should be open to negotiate with operators and investors in mini grid power supplies to provide cheap and stable power.
Source: THIS DAY