Synergy measures between the Central Bank of Nigeria (CBN) and the Nigeria Electricity Regulatory Commission (NERC) to ensure the full disbursement of over N200 billion power support fund meant to
resolve a pile of legacy debts and provide generating and distribution firms with necessary funds for their operations within three weeks, according to BusinessDay reports.
The CBN governor, Godwin Emefiele
said that; “the disbursement was slowed down by the reversal in the tariff and quick measures are being reviewed to fast track the disbursement of the said funds”.
Mr. Emefiele further added that; “the regulators NERC has told us they did not backtrack on the issue of tariff, that they have sent messages to the Discos (distribution companies) to send them what is called a cost reflective tariff and once the Discos send this cost reflective tariff, they will give the approval.”
He added that, ”what happened is that some companies have received payment. Yes the funds have not been fully disbursed but we have disbursed about 25 per cent N56bn to some Gencos (generation companies) and Discos out of a
total of almost N213bn.
Finally the CBN governor informed about the existing plans on ground to meet with the NERC, the embeds, so they would all harmonize and
work to remove some of the hiccups along that chain and hopefully in a matter of three weeks we should see these efforts resulting in total
disbursement.”
No comments:
Post a Comment