Power: Fashola Says NERC Has Influence To Revoke Licenses Of None-Performing DISCOs - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 2
May 10, 2019
The Minister of Power,Works and Housing Babatunde Fashola says the power to revoke licenses ofnon-performing electricity Distribution Companies, DISCOS is vested in theNigerian Electricity Regulatory Commission, NERC.
Fashola said this inAbuja at the 2019 Punuka Annual Lecture with the theme: “Rethinking the Modelfor an Effective Nigerian Electricity Supply Industry, NESI: Challenges forGovernment and Industry”.
According to theMinister, the power not to renew or to cancel the license of non-performingDISCOS exists and it is vested in the regulator, NERC and not in the Minister.
He said that theregulator could on its own, upon complaints of consumer or a group of customersamend or cancel the license of a non-performing DISCO.
Fashola said that thepowers of NERC to amend or cancel licenses is applicable to all licensedauthorities, the transmission companies, generation companies, distributioncompanies and others under the Act.