Nigeria and other Economic Community of West African States (ECOWAS) member states’ plans to boost their economies through uninterrupted power supply may have suffered a setback as the integration of their national transmission systems is currently under threat due to funding shortages, The Sun reports.
The task of creating a regional electricity market, which aims at power integration was given to the West African Power Pool (WAPP) by the authority of Heads of State and Governments of ECOWAS. Addressing a gathering of WAPP members at its 12th General Assembly, which ended in Accra, Ghana, last week, Chairman of the WAPP Executive Board, Mr. Usman Gur Mohammed, who is also Nigeria’s interim Managing Director for the Transmission Company of Nigeria (TCN), lamented that payment for electricity consumed is threatening the sustainability of WAPP’s efforts.
To ensure that the initiative is achieved, Mohammed said WAPP is also working with the World Bank to provide securitisation in the form of a partial risk guarantee to strengthen the cross border electricity transactions. He argued that the cross border electricity market cannot be successful without member countries of WAPP providing cost-reflective tariffs and functional distribution networks (companies), adding that a systematic approach is needed to be looked into to resolve the revenue collection challenges.topics from