Pillars of PSRP
Reliability of electricity supply to Nigerians is improved.
Annual electricity supplied to the distribution grid increases by implementing a set of measures to ensure that at least 4,500 MWh/hour of electricity is supplied to the distribution grid from 2022. Additionally, constraints in the distribution segment will be addressed and tracked via the implementation of Performance Improvement Plans.
Financial and fiscal sustainability is achieved for the power sector.
The financial sustainability of the power sector companies is critical to enforcing their contractual and regulatory obligations and improving service delivery. It is also the basis for strengthening the balance sheets of power sector companies, especially DISCOs, to enhance their ability to attract private financing. This also entails the establishment, regular updating and execution of the PSRP Financing Plan, which aims to ensure tariff shortfalls are fully funded through sources of funding other than the CBN (once the existing PAF is depleted).
Accountability is enhanced
Public awareness about ongoing power sector reforms and performance among women increases. Over time, strengthened accountability and reporting should translate to increased operational efficiency, including the reduction of technical, commercial and collection losses.
