Unless the Federal Government intervenes immediately in the imbroglio in the energy market, the nation’s electricity generation, which recently improved from around 3.528MW to 4000MW in the last two weeks, may nose-dive.
Reason: Electricity generators, popularly known as GENCOs say they are reeling under very unfavourable operating circumstances leading to loss which has become a disincentive to investors and their capacity recovery targets.
The Managing Director and Chief Executive Officer of Mainstream Energy Solution Ltd, a firm to which the Hydro Power Plants in Jebba and New Bussa were concessioned to for a period of 30 years, Lemu Audu, yesterday, expressed regret that the GENCOs have continued to operate at a loss due to the inefficiency of other members in the energy chain in the country.
He said on a daily basis, they loose a quarter of electricity generated owing to non-evacuation by the Transmission Company of Nigeria (TCN) or being rejected by the Distribution Companies (DISCOs.)
Using his two power plants as example, he revealed that between February and March 13 this year, his group has suffered loss of wasted energy worth N97.077 million, excluding arrears of indebtedness to the group for energy generated and supplied to the market operator amounting to over N53 billion which the Nigerian Bulk Electricity Trader (NBET), the marker operator was yet to settle despite the recent receipt of over N700 billion.
Accordingly, he said the prevailing situation and environment for the GENCOs was making it difficult for existing shareholders and new investors to operate.
To avert the unpleasant situation where GENCOs would shut down operation and throw the nation into darkness, Lemu said “ Government should allow GENCOs enter into bilateral agreements with eligible off-takers other than restrict supplies to grid. ‘’Government can introduce subsidy for the rural and urban poor while industrial and other eligible users are allowed to pay the realistic tariff.
‘’GENCOs should be paid ‘Deemed Capacity ’ instead of evacuated energy to check against energy waste since it’s not the fault of GENCOs but that of others and GENCOs should be given priority in the access to forex which at the moment is absence because over 90 per cent of their requirements are import- dependent.’’
Reacting to the accusation, Secretary General of Association of Distribution Companies in Nigeria, Sunday Odutan, explained that DISCOs were rejecting power from TCN because most often, it would not take power to the required destination because of its obsolete transmission infrastructure. He explained that DISCOs can never collect power at locations they didn’t ask for because of the difficulties in distributing or recovery from such locations.
TCN General Manager, Public Affairs, Mrs. Seun Olagunju, expressed surprise at the accusations. She said: “ Where are these accusations coming from again? We are just coming from a stakeholders’ meeting and none of these complaints were raised there, more so that we had agreed that nobody should be raising these issues in the media. You know what, I wont say anything other than that a bad workman complains about his tools.’’
Criminal minds threatening Army with travel ban: Buratai
Tukur Buratai, Nigeria’s Chief of Army Staff has disclosed that he does not mind living in Nigeria for the rest of his life.
Buratai made this statement on Monday in a meeting with Army Commanders in Abuja, where they deliberated on the recent End SARS protest and pockets of violence across the country.
Information Nigeria recalls there have been calls by International bodies calling for a travel ban to be placed on some military officers accused of human rights abuses in Nigeria.
Buratai attacked the international organizations clamoring for a ban on top personnel and soldiers over rights abuses. According to him, his first trip outside Nigeria was when he was 50 and that he doesn’t mind if he has to live in Nigeria for the rest of his life.
“Criminal elements are threatening us with travel ban but we are not worried because we must remain in this country to make it better. The first time I travelled outside of this country, I was already 50 years and a General, so I don’t mind if I live the rest of my life here” The Cable quoted him as saying
At the meeting, the Army chief said recent events across the country have shown the determination of unscrupulous individuals and groups to cause chaos by all means.
“The events of the past few days in our dear nation have shown the determination of some unscrupulous individuals and groups to destabilise Nigeria by all means,” he said.
These individuals, groups and other undesirable elements have hijacked the peaceful #EndSARS protest marches resulting to widespread violence, acts of wanton destruction and looting of public and private properties in many parts of the country. These acts led to the imposition of curfew in several states of the federation.
Despite all these, the army has continued to exercise restraint applied all the principles of internal security operations and fully abided by the internationally recognised rules of engagement as contained in our published standard operating procedures for internal security operations which are derived from the International human rights laws and are in accordance with the international principles guiding the use of force.” he said.
How iron protector prevented my shop from being robbed: Business man
Chima Smart Nwaneri, a businessman who operates in Owerri, Imo state has disclosed how suspected robbers were unable to burgle his office due to an iron protector.
Nwaneri thanked God for wisdom saying they couldn’t access his goods because of the protector on his ceiling.
Chima wrote on his Twitter account;
“So robbers visited my office where i do my business, but I thank God for wisdom, they couldn’t enter because of the protector on the ceiling..
Help me thank God….”
#EndSARS: We are not collection of angels, Nigerian Police says
The Nigerian police have said its officers are not angels, but the force is doing its best to serve Nigerians better.
This was disclosed in a statement posted on Twitter by the force. This comes after several unrest and pockets of violence that greeted the endsSARS protest against police brutality.
The Nigerian police appear to have started an online campaign to redeem their image and rebuild trust with Nigerian citizens, following the nationwide #EndSARS protests and its devastating fallout.
The security agency which admitted that it is not a collection of angels, however told Nigerians that it is doing its best to ensure better services.
The police, Monday night, uploaded a campaign flyer on Twitter, via their official handle @PoliceNG.
“We are not a collection of angels, but we are doing our best to serve you better,” said the flyer which was produced by the police public relations department, Force Headquarters, Abuja.
— Nigeria Police Force (@PoliceNG) October 26, 2020
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