Mr Babatunde Fashola, the Minister of Works, Power and Housing, on Monday inaugurated one 15 MVA transformer, 20 operational transformers and 20 vehicles at Eko Electricity Distribution Company (Eko Disco) worth billions of naira.
Fashola inaugurated the projects shortly after the 19th Power Sector Stakeholders forum in Akangba Training School in Surulere, Lagos.
The minister expressed satisfaction on the performance of the management team of Eko Disco led by its Chief Executive Officer, Mr Oladele Amoda.
“l was not surprised when the owners of Eko Disco decided to keep him (Amoda).
“He is not only a prolific scholar, who reads and writes well, he is also technically savvy as you can see in his unscripted remarks.
“I want to thank Engineer Amoda for his warm remarks. I knew him way back when I was the governor here in Lagos. He was very responsive to our needs as a state then.
“And I also warmly welcome the spirit with which he has reminded us that we have work to do on transmission side,’’ he said.
Earlier, Amoda had highlighted the achievements of his company since the last quarterly meeting was held.
“In addition to what the Honourable Minister will be commissioning today which include one 15MVA transformer that can transmit 12 MW of power, we have added 60MVA in Ajah, 15MVA in Oke-Ira, Lekki and Alagbon.
“Others to be added are 15MVA at Fowler, Bourdillon, Anifowoshe and Akungba,’’ he said.
He said the purpose of the huge investment was to key into the Federal Government’s programme of incremental power output.
“By the time we complete all our ongoing projects at Adelabu, Stadium, Tejuosho, Surulere, Coker, Ijora and its environs, the network will be able to receive increased power from the transmission company and distribute accordingly to our numerous customers,’’ he said.
On embedded power initiatives, he said that First Power Company had built 13 MW embedded power, adding that “we are getting an incremental power as directed by the minister.’’
“We are waiting for tariff adjustment by NERC accordingly and this will attract more investors and promote willing buyers and willing sellers’ principles,’’ he added.