By CHRIS OCHAYI
There are serious indications that the power sector privatisation exercise is experiencing some hiccups following alarms raised by some core investors in Distribution and Generation of electricity Companies over the insistence on strict compliance on Multi Year Tariff Order, MYTO 2.These developments emerged at a general meeting with the new owners of all successor companies, organised by Nigerian Electricity Regulatory Commission, NERC, in Abuja to apparently weigh the initial problems of the Discos and Gencos and craft interventions that will address such challenges.Many stakeholders, who spoke at the meeting lamented the non-functionality of the MYTO2 following the prevailing realities which they insist make compliance difficult, urging the NERC to review the realities on ground rather than hold them with their business plan.In his remarks, the Managing Director/CEO of Kano DISCO, Dr. Jamil Gwamna, express grief that his company is not getting the required power allocation as stated in the MYTO which has drastically led to short fall in revenue generation.Jamil Gwamna explained that the company received less than two percent of the designated eight percent distribution allocations to it as provided in the guidelines in non-compliance to the MYTO2 model.
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