Categories: Local

Senate To Investigate Gencos, Discos Over Unsteady Power Supply

 

The Senate has mandated its Committee on Power to investigate the activities of power generating and distribution companies with the aim of unraveling the causes of unsteady power supply in Nigeria. 

The resolution of the Senate followed the consideration of a motion moved by Senator Chukwuka Utazi, who lamented that power generating or installed capacity of Nigeria in relation to its population and Gross Domestic Product cannot ensure that Nigeria competes favourably in terms of development with other nations.

The lawmaker while expressing optimism that Nigeria can set a realisable target of generating a capacity of 100,000 megawatts in the next 10 years, said this target can be achieved through a mix of energy sources such as natural gas, hydro, coal, wind and renewable energy.

READ ALSO: Corruption: Buhari Asks NASS To Speedily Pass Special Crimes Court Bill

He added that beyond generation and transmission, Distribution Companies lack the financial and technical capacities required, thereby resulting in their inability to pay for power which Generation Companies (GenCos) deliver to the grid.

The Senate urged the Federal Government to upgrade the transmission infrastructure of Nigeria’s power grid for more efficient transmission of power.

While advocating for 100,000 megawatts installed capacity to match the size of Nigeria’s economy and population, the upper chamber urged the Federal Government to break-up the country’s power distribution companies into smaller, more manageable distribution companies for optimal performance.

Akinkunmi Obakeye

Disqus Comments Loading...
Share
Published by
Akinkunmi Obakeye

Recent Posts

NSCDC Deploys 2,300 Personnel In Rivers For Easter

The personnel will ensure the protection of critical national assets and forestall any form of…

43 mins ago

Tinubu Preaches Unity, Compassion At Easter, Hails Nigerians’ Sacrifices

Easter is an event that commemorates the resurrection of Jesus Christ from the dead. It…

52 mins ago

Bridging Energy Access Gap Vital For Nigeria’s Economic Growth- NNPCL

To bridge the energy access gap in Nigeria, Kyari said NNPC Ltd was working on…

1 hour ago

South Africa’s Electoral Umpire Bars Ex-President Zuma From May Election

Zuma was sentenced to 15 months in jail in June 2021 after refusing to testify…

2 hours ago

Fallen Crypto Tycoon Bankman-Fried Gets 25-Year Sentence

Although lower than the 40-50 years sought by the government, the Justice Department praised the…

2 hours ago

Police Hand Over Delta King, Ikolo To Military

The development has been confirmed by the Public Relations Officer, Delta State Police Command. Bright…

3 hours ago