FG Mulls Handover of Power Distribution to Siemens

FG Mulls Handover of Power Distribution to Siemens

News
FG on Wednesday accused the Discos of undermining its efforts to ensure stable power supply in the country. 

FG Mulls Handover of Power Distribution to Siemens
By our correspondent 

The Federal Government is considering a proposal to take over power supply from the distribution companies (Discos) and hand it over to a German firm, Siemens, reports say.

FG on Wednesday accused the Discos of undermining its efforts to ensure stable power supply in the country.
If the proposal is approved, Siemens will take a full charge of power generation, transmission and distribution.
Briefing reporters after the weekly Federal Executive Council (FEC) meeting in the State House thursday, the Minister of Power, Mr. Saleh Mamman, said Nigeria currently generates 13,000 megawatts of electricity and transmits 7,000 to Discos; but the distribution companies can only distribute 3,000 megawatts to end users.
According to him, the Discos have shown signs of incapacity, inefficiency and dishonesty in the distribution of power to consumers despite the huge investments made into the sector by the federal government since the privatisation of the power sector in 2013.
Mamman said: “Government cannot continue subsidising. If they are ready to continue, fine. If not, give chance to those who are ready.”

Leave a Reply

Your email address will not be published. Required fields are marked *