The Niger Delta Power Holding Company L.td., has reiterated commitment to work with relevant stakeholders to overcome the challenges of gas and transmission limitations.
The company’s Managing Director, Mr Chiedu Ugbo, gave the assurance while answering questions from the State House Correspondent, on Wednesday in Abuja.
Ugbo said that the company had a mandate to ensure effective management and the security of the assets of the organisation for the overall benefits of Nigerians.
According to him, the Federal, State and Local Governments have spend a lots of money in terms of the asset that the company developed on behalf of Nigerians.
” The assets are there so we are charge with the responsibility of making sure that the asset are utilise for the benefits of Nigerians. We need maximum performance of the assets particularly the power generation assets.
” Yes we have a gas limitations, we have transmission distribution limitations but we are government investment and we will work with the relevant stakeholders to make sure that we resolve this challenges.
” And to ensure the loads from this plans are uptake for the benefits of Nigerians. It is a systemic issues in terms of collections from the distribution company to embed and embed paying us. It is a systemic issue and in the course of we owe some gas companies as well.”
The managing director revealed that the Regulatory Commission with the government are working to resolve some of the identified challenges within the shortest possible time.
” Yes we are being owe no doubt. At the beginning we are treated as government owned, so essentially stabilising the system but over time the regulatory commission has also seen some wisdom in ensuring that we have some comparable tariff.
” So recently, there are some adjustments in terms of our generation tariff, the escalations that were required that is before the handover of this administration.
” Shortly by the end of the last administration we saw some improvement by our tariff by the regulatory commission but yes before now from 2013 till April we were seeing as government owned.
” And we are seeing as stabilising the system but they have seen the wisdom in because we go to the same market. Nobody sales gas to us at a cheaper rate to us.
” Nobody sales spares at a cheaper rate to us, so the regulatory commission saw that and decided to increase our tariff and that has improved though not where it should be but there are some significant improvement.”
He further stated that the whole grid was challenge by uptake, evacuation from transmission and uptake by distribution.
” If distribution doesn’t or is not able to take what transmission can carry transmission would not be able to take what you can generate.
” So is as simple as that but we are working assiduously to ensure end to end from generation to end users.
We are working with distribution companies now, so we are working with transmission company to clear the bottle necks to ensure that we reach the end users.”
“As we have seen we have distribution interventions all over the country. And all these things is to ensure that we improve the distribution capacity of the distribution companies.”