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Osinbajo decries performance of discos

by CredibleNews

Vice President Yemi Osinbajo has decried the performance of electricity distribution companies, calling for a change of strategy in order to meet the electricity needs of homes and businesses.

Osibanjo, at the inauguration of a 2x60MVA, 132/33kV substation and associated 132kV transmission lines at Abeokuta, lamented the inability of discos to distribute the available grid power to consumers.

“The distribution capacity in the 11 discos is significantly low, hovering at around 4,000 megawatts on average with a peak at about 5,400MW. So, despite all the availability of about 8,000MW of generation and 7,000MW of transmission capacity, lack of infrastructure to absorb and deliver grid power to end-users has largely restricted generation to an average of about 4,000MW, and sometimes even falling below 4,000MW,” the vice president said.

“It is evident that despite all the efforts that have been put into trying to expand the grid, the structure of the market today cannot deliver on government’s promises to provide power for domestic and industrial use. A substantial change of strategy is necessary. What we have done in the past has taken us to a point where there is clearly a change of strategy,” he observed.

Distribution and generation companies carved out of the defunct Power Holding Company of Nigeria were handed over to private investors on November 1, 2013, following the privatisation of the power sector by President Goodluck Jonathan’s administration.

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