By SINL Reporter
Chairman Senate committee on power, Senator Gabriel Suswam has said liquidity, Tariff and metering are some of the challenges bedelving the power sector in the country.
Speaking at the end of Investigative public hearing on a motion titled: “Power Sector Recovery Plan and the Impact of COVID-19 Pandemic” on Tuesday, Suswam identified gas constraint, non alignment of the power sector as part of the problems of the power sector.
Specifically, the former governor of Benue state, noted that there is no synergy between Gencos, Discos and Transmission company of Nigeria (TCN), adding that non alignment of demand is also a contributory challenge.
He explained that out of the six GENCOS that was privatised, only two is performing optimally.
Dr. Joy Ogaji, Executive Secretary, Association of Power Generation Companies (APGC), also identified inability to access foreign exchange, Regulatory risk and GENCOS corporate governance as some of the challenges.
Ogaji however described the liberalisation of the market for operators, transparency in billing collection and remittance and effectiveness of all market agreement as panacea to Nigeria power problem.
Meanwhile, the Senate committee faulted the presentation of representative of the market operator during the Investigative hearing.
“You presentation is not fair assessment, you showed a lot of bias in your presentation.
“This Investigative hearing is not punitive, your presentation is misleading, we want solution, let us address the problem in the entire value chain.
“You are protecting yourself, because administratively, you are under Transmission Company of Nigeria (TCN)” Suswam said.
Also speaking, Senator Adamu Aliero observed that “no where in the world where privatisation is done without government intervention”.
Suswam assured stakeholders at the end that the committee will submit its findings to leadership of the Senate.
