Nigeria’s electricity market operator, Transmission Company of Nigeria (TCN), has reconnected the three Distribution Companies earlier disconnected from the Electric power grid as a result of non-compliance with market rules.
The reconnection was done following the intervention of the Minister for Power, Engr Aliyu, who considered the collateral consequences on the paying Disco customers.
The Market Operator last week suspended APLE Electric Limited, Kano and Kaduna Electricity Distribution Companies for breach of the Market Rules, which governs and sanitizes the Nigerian Electricity Supply Industry.
However, the three Discos were reconnected to the national grid the Mid-night of Sunday April 30, 2030, a statement issued by Engr E.A. Eje, Market Operator/TCN confirmed.
It said the intervention by the Honorable Minister for Power has automatically prolonged the grace period to 60 days from this publication.
“All market defaulters should comply with the provisions of the market rules concerning payment of their outstanding invoices, posting of adequate Bank Guarantees (BG), and forwarding of their active Power Purchase Agreements (PPA) as the case may be, to the Market Operator/TCN.
“It should be noted that other defaulters who are yet to be Suspended/Disconnected should cure their defaults within these sixty (60) days. At the expiration of this grace period, the Market Operator will resume sanctions in line with the Market Rules.
“The MO/TCN is hereby urging the erring Discos to seize this opportunity to fix their defaults as we applaud the intervention of the Honorable Minister of Power,” the statement concluded.
Source: https://energynewsafrica.com