The Nigerian Bulk Electricity Trading Plc that serves as the bridge between generation and distribution companies occupies a prime place in the power sector. In this interview with CHIDI UGWU; the Chief Executive Officer of the institution, Rumundaka Wonodi speaks on activities of the agency over the last one year, among other issues.
What has been the thrust of your operations in the past one year?
It is an interesting question in a way because it assumes that we are preparing for a role. But we see ourselves as already performing our role while there are other parts of our mandate that we are gearing up towards taken up. So, over the past one year, what have we been working on? We have done a lot. But we can categorise them into two areas. One is that we have been able to drive and work with Bureau for Public Enterprises (BPE) to make the privatisation happen. We have also been able to go out and procure new generation capacity for the industry. Both prongs are to eventually get the private sector into the Nigerian power industry as the act has actually stipulated.
Last year, we provided the Power Purchase Agreement (PPA) and the vesting contracts as part of the industry agreements that will drive the privatisation. So the bidders took a look at those, and other agreements, including the tariff that was set by the commission. They came to the conclusion that within the reform, that government has one way or another put a commercial arrangement that works for everyone. They were therefore encouraged to submit their bids.
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