The Federal Government is undecided about routing electricity distribution investments through the power distributors operating in the country despite the fact that it owns 40 per cent stake in each of the 11 distribution companies (Discos), The Punch reports.
The Discos have, on many occasions, stated that although the Federal Government had 40 per cent stake in each of the 11 distribution companies, it had never, for once, invested in any of the assets. Despite these concerns of the Discos, the Minister of Power, Works and Housing, Babatunde Fashola, declared that the government was undecided about channeling its investments in distribution assets through the Discos.
The minister’s statements were contained in the latest minutes of the meeting of the 20th power sector stakeholders’ conference. Fashola chaired the meeting. He, however, stated that the government was interested in the well-being of the power distribution firms and urged the Discos to increase their capacities in order to effectively accommodate and distribute the load allocated to them by the Transmission Company of Nigeria (TCN).