THE Minister of Works, Power and Housing, Mr Babatunde Raji Fashola, has inaugurated one 15MVA transformer, 20 operational transformers and 20 operational vehicles at Eko Electricity Distribution Company (Eko Disco) worth billions of naira.
Speaking shortly after the quarterly power sector stakeholders’ meeting at Eko Disco in Lagos, Fashola expressed satisfaction on the performance of the management team of Eko Disco, led by its Managing Director/Chief Executive Officer (CEO), Mr Oladele Amoda.
According to him, “I wasn’t surprised when the owners of Eko Disco decided to keep him (Amoda). He’s not only a prolific scholar, who reads and write well, he is also technically savvy as you can see in his unscripted remarks.
“I want to thank Amoda for his warmly remarks. I knew him way back when I was the governor here in Lagos. He was very responsive to our needs as a state then. This kind the first time the regulators which is NERC (Nigerian Electricity Regulatory Commission) will attend our meeting in full. We have five out of six commissioners with us because it is Eko Disco that is hosting.
“And I also warmly welcomed the spirit with whigh he has reminded us that we have works to do on transmission side.”
Earlier, Amoda is his remarks had stated the achievements of his çompany between the last quarter when the last meeting was held and now.
According to him, “In addition to the Honourable Minister will be commissioning today which include one 15MVA transformer that can transmit 12 MW of power, we have added 60MVA in Ajah, 15MVA in Oke-Ira, Lekki, and Alagbon. Others to be added are 15MVA at Fowler, Bourdillon, Anifowoshe, and Akungba.”
He said the purpose of the huge investment is to key into the Federal Government’s programme of incremental power output.
“By the time we completed all our ongoing projects at Adelabu, stadium, tejuosho, surulere, Coker, Ijora and its environs, the network will be able to receive increase power from the transmission company and distribute accordingly to our numerous customers,” he said.
On embedded power initiatives, he stated that First Power Company has built 13 MW embedded power and that “we are getting an incremental power as directed by the minister. We are waiting for tariff adjustment by NERC accordingly, and this will attract more investors and promote willing buyers and willing sellers principles.”
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