FEC Approves N27 billion of MDA debts, To Disclose Method Of Payment To Distribution Companies Soon

The Minister of power, works and housing, Mr Babatunde Fashola has disclosed that the Federal Executive Council (FEC) approved the payment of the verified sum of N27 billion of MDA debts, adding that the method of payment will be communicated shortly to the Distribution Companies.

He made this known during the 20th monthly meeting of the minister with operators of the power sector in Owerri, Imo state.

The meeting which was hosted by Enugu Electricity Distribution Company (EEDC) had in attendance Commissioners of the Nigerian Electricity Regulatory Commission (NERC), Managing Directors and CEOs of Generating Companies (GenCos), Distribution Companies (DisCos), the Transmission Company of Nigeria (TCN), Gas Companies (GasCos) and other government agencies such as the Niger Delta Power Holding Company (NDPHC),the Nigerian Bulk Electricity Trader (NBET), Nigerian Electricity Liability Management Company (NELMCO), the Nigerian National Petroleum Company (NNPC) and the Nigerian Electricity Management Services Agency (NEMSA) responsible for the regulation and development of the electricity industry.

In a communiqué of the meeting, Fashola, who was the chairman of the meeting stressed on the need to improve service delivery and noted the resolution of connection issues at Ijesa-tedo and Surulere in Eko DisCo. He disclosed that the Federal Government has remained focused on providing service to the people through independent power, using solar energy, Energizing Education (independent power to universities), Energizing Economies (independent power to economic clusters), and encouraging eligible customers take control of their own power sources.

According to him, the Government must focus on providing clean energy to its people, in accordance with the Paris Agreements and its responsibilities, while respecting the DisCos concerns for viability of their business.

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Meanwhile, the Acting MD/CEO of Enugu Electricity Distribution Company (EEDC) appreciated the efforts of the Minister in improving Power Generation in the past months.

He however called the attention of the minister to energy theft which had remained a major limitation to service improvement. He noted progress in the conviction of energy thieves, adding that a perpetrator was sentenced to three years imprisonment in Enugu.

He further appreciated the Nigerian Electricity Regulatory Commission (NERC) for the upward review of the fine for meter bypass which would serve as a deterrent to energy theft.




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