The Nigerian Electricity Regulatory Commission (NERC) stated that it would find a balance in protecting Nigeria’s economic interests in stable electricity supply and respect for bilateral electricity trade with her two West African neighbors, Togo and Benin Republic and advised the Community Electric du Benin (CEB) to be ready to pay commercial rates for electricity supplied to it by the Nigeria Electricity Supply Industry (NESI).
The commission in a statement in Abuja quoted its Chairman, Dr. Sam Amadi, to have said this to a four-man delegation of CEB which is the transmission service provider and Independent System Operator for the countries of Republic of Togo and Benin Republic.
“The ongoing reform in the Nigerian electricity industry will not jeopardize international relations and strategic interests of Nigeria,” Amadi was quoted to have said to the delegation.
The statement explained that the delegation was in Nigeria to find out implications of the country’s electricity privatization of the remaining government-owned power plants under the National Integrated Power Project (NIPP) on the allocation of 200 megawatts (MW) the countries receive from Nigeria.
They were also reported to have made a case for an increase in allocation from 200MW to 300MW.
Nigeria currently supplies 300MW of electricity to Togo, Benin and Niger Republic, out which CEB countries have 200MW of the supply with the balance of 100MW given to Niger Republic.
Amadi however advised the visitors that: “You need to sign power purchase agreement with the Nigeria Electricity Bulk Trader (NBET) and be up to date in your payment for electricity received as the market would be entirely private-sector-driven by the time the NIPP plants are sold.”
He also explained that such financial commitment and responsibility might be an issue in the consideration of the request for additional capacity.
The statement noted that the visitors were told that their requests would be deliberated at the October edition of the industry stakeholders meeting and that decisions reached would be communicated to them.
Members of the delegation were Kinho Hounrpati, Kora Zaki Ibrahim, Aboudou Mohammed, Didavi Godfrieol and Akemakou Antoine.