The Republic of Togo has said it wants to buy more electricity from Nigeria’s Niger Delta Power Holding Company (NDPHC).
The business said that the interest was made known at a strategic discussion between the management of the Niger Delta Power Holding business and a group from Compagnie Energie Electrique du Togo, the Republic of Togo’s primary energy provider.
According to Channels TV, the Director-General of the organization, Débo-K’mba Barandao, led the team to deepen ties with NDPHC and look into ways to expand cross-border electricity trade.
The Director-General of Compagnie Energie Electrique du Togo praised NDPHC for the “consistency” of its electricity supply and the good role the collaboration has had in making Togo’s electrical network more reliable.
He said that the partnership has been good for both organizations and has made cooperation in the energy sector in West Africa even stronger.
He says that the utility firm is seeing a rise in demand for electricity right now since they have signed up new clients, including businesses and factories.
It was revealed that the Compagnie Energie Electrique du Togo, which is based in Lomé, buys around 75 megawatt-hours of electricity from the NDPHC on a bilateral basis. It was said that the deal has helped the West African country keep its electricity supply consistent and promote business.
The statement says that the electricity that is brought in helps keep a reliable, high-quality, and cheap power supply for homes, companies, and public institutions in Togo.
CEET said that more supply will help the country’s plan to expand its power grid and make sure that new customers get consistent electricity.
The team also said that making energy commerce with Nigeria stronger is still an important part of Togo’s bigger plan to get more stable and varied power sources for its national grid.
“The utility company is seeing more and more people want electricity as they add new customers, including businesses and industries, and the Togolese government is also working to make electricity more widely available across the country. The CEET boss said, “In light of this development, CEET expressed strong interest in increasing the amount of electricity it takes from NDPHC. They said that more supply would help the country’s power expansion strategy and make sure that new customers get stable electricity.”
Jennifer Adighije, the Managing Director and Chief Executive Officer of NDPHC, said in response that the company is still ready to work more closely with Compagnie Energie Electrique du Togo and keep helping with electricity exports to other nations in the West African sub-region.
She said that NDPHC, which runs numerous power plants in Nigeria as part of the National Integrated Power Project, can help with the supply of electricity in the region and is still working to promote energy integration across West Africa.
The head of the NDPHC said that the relationship with Compagnie Energie Electrique du Togo is in line with other regional efforts to improve power supply and boost energy trade between member states of the Economic Community of West African States.
She said she was willing to send more electricity to Togo, but she stressed the need to set up bankable and long-lasting business deals to lead future interactions between the two groups.
She said that genuine financial assurances and organized payment systems would help reduce the risks of not getting paid that come with cross-border electricity supply. This would enable the relationship endure in the long run.
She highlighted that a solid payment system would not only protect NDPHC’s business interests, but it would also allow the organization to keep assisting regional energy stability by exporting electricity.
The head of the NDPHC stressed the importance of making sure that future business deals between the two groups are bankable and long-lasting.
She said that setting up reliable financial assurances and organized payment systems would help reduce the dangers of not getting paid that typically come with cross-border electricity supply. This would help the cooperation endure in the long run.
The statement went on to say, “She stressed that a reliable payment framework would not only protect NDPHC’s business interests, but also allow the company to continue supporting regional energy stability through power exports.”
Both sides said the meeting was useful and promised to work together to make the electrical sector stronger.
They also agreed to keep working together to come up with practical plans that would help Nigeria send more power to Togo.
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