Yola Electricity Distribution Company now viable, says govt

by | May 17, 2018 12:23 am

Nigerians should expect less worrying experiences in the hands of electricity distribution companies (DisCos) as Yola Electricity Distribution Company (YEDC) has become the first distribution company to engage a consumer on the eligible customer policy.

Babatunde Fashola, minister of Power, Works and Housing made the remark at the 27th monthly power sector operators meeting  held in Yola,Adamawa State

He said although the private investors gave up on Yola DisCo by declaring force majeure but government took it up and has proven the business is viable.

“For the DisCos who still doubt the possibility of eligible customer policy,  Yola DisCo  has proven that it is not about anybody trying to take the big customers, it is about you having a redefined relationship with your big customers,” Fashola said.

Fashola noted that in 2015, Yola DisCo was the only one of the 11 (eleven) privatized DisCos that was given up as being unviable, however following the Government appointment of  Engr. Mustapha Umara to manage the DisCo, he and his team has proven Yola DisCo is not unviable.

“Change is not an event but a process that involves the application of methods and the making of choices, some of which are difficult, but very often resourceful, even if sometimes misunderstood,” Fashola said.

The Managing Director of YEDC, Mustapha Baba Umara said the public firm has improved its revenue collection by over 200 per cent and is the first DisCo to actualise the Eligible Customer regulation.

He said it has fixed 80 per cent of the lines destroyed by the insurgency to supply more power to the northeast adding that it has keyed into the Meter Assets Provider (MAP) regulation to install meters for more of its customers.

Speaking on the changes in the last one month, Fashola announced that a substantive Chairman, in the person of Professor James Momoh, is now in place for the Nigerian Electricity Regulatory Commission (NERC), following confirmation by the Senate, and his swearing in on the 3rd day of May 2018.

“Within the last one month, i had the privilege to Commission the Odogunyan Transmission Substation completed by TCN to serve customers in Lagos and Ogun States, under the Ikeja DisCo franchise,” Fashola said.

The minister for power and housing ascertain that the government is making progress on the Federal Government’s planned intervention in the Distribution Value Chain to help deliver the 2,000MW that is constrained by distribution equipment.

He added that the advertisements for quotation by original equipment manufacturers for Transformers, Breakers, and Associated Equipment compiled by the DisCos have been published and awaits responses.

Fashola acknowledge that the Azura Power Plant is now fully completed and ready for commercial operation to deliver more power to boost incremental power, he also tasked the operators to brace up for the rainy season which he said will bring more water for higher performance of the hydropower plants but will bring challenges for the transmission and distribution sections.

“While we are inspired by the news of progress, especially coming from those who receive the service, we remain mindful of those we have not yet reached, and remain committed to get to them, whether on the grid or off the grid,” Fashola said.