OrderPaperToday – The Senate has resolved to probe the activities of power generating and distribution companies in order to ascertain the cause of unsteady power supply in
Its Committee on Power was mandated to carry out the investigation.
The resolution followed the consideration of a motion moved by Senator Chukwuka Utazi, who decried the low power generating or installed capacity of Nigeria in relation to its population and Gross Domestic Product.
Adding that as a consequence of the aforementioned, Nigeria cannot compete favourably in terms of development with other nations Utazi noted that the country can realise the target of generating a capacity of 100,000 megawatts in the next 10 years through a mix of energy sources such as natural gas, hydro, coal, wind and renewable energy.
According to him, distribution companies lack the financial and technical capacities required to pay for power which Generating Companies (GenCos) deliver to the grid.
Following his motion, the Red Chamber also called on the Federal Government to upgrade the transmission infrastructure of Nigeria’s power grid for more efficient transmission of power.