A delegation of the Integrated Power Project Association of Nigeria (IPAN), led by its Chairman, Professor Jerry Gana recently paid a courtesy call on the Nigerian Electricity Regulatory Commission (NERC), where it reiterated its determination to work assiduously to change the power situation in the country.
The delegation, all of whom are licensed producers appreciated the licenses issued them and gave the assurance to see that it is translated to power generation in line with the Commission’s promise to the public on power availability and affordability.
Gana proposed a quarterly meeting with the Commission, as well as a summit on gas. He also urged NERC to resolve what he described as bottlenecks that needed urgent regulatory intervention.
Gana argued for waivers for power related equipment and also called for a viable metering system as the public outcry in that regard has been raging on.
IPAN spoke on the place of the bulk trader in the scheme of things in the sector, noting that it will need a lot of support to enable it stand as a guarantor to investors. This follows the claim that the bulk trader was presently not financially viable, thus calling to question its ability to protect the investor should the federal government fail to meet its part of the commitment.
The delegation revealed it was taking a stand to defend its investments from vandals as perpetrators have continued to show viciousness in their action.
IPAN commended the tariff put out by the Commission, declaring that it was encouraging and an incentive to investors.
In his response, the Commission’s Chairman, Dr. Sam Amadi revealed that the Commission was already working out a regulation for electricity offences that will soon be announced.
Concerning the bulk trader, Amadi made IPAN to understand that the bulk trader liability was actually federal government’s liability, although it has a contractual obligation to investors.
On metering, Amadi revealed that the regulation on it has been concluded including meter production, supply and installation and that the Commission was also advocating for the setup of meter manufacturing firms in Nigeria.
Amadi assured IPAN that it would give extra push on gas supply to see that it is available as when needed.
NERC and IPAN will be meeting on a quarterly basis in a bid to keep each other abreast of their activities.