Chairman, executive board of West African Power Pool [WAPP], Mr. Dr. Sule Abdulaziz has expressed satisfaction with the 2023 work programme and budget for the year 2023.
The executive board of WAPP, at the 55tth ordinary session held in Cotonou last Saturday, had adopted
the new work programme and budget for the year 2023.
“I remain convinced that it has been prepared in accordance with the rules by the general secretariat and carefully reviewed by the WAPP finance committee,” said Abdulaziz who is also the chief executive officer of the Transmission Company of Nigeria (TCN) He lauded the transparent manner in which WAPP has been implementing projects of the Pool. According to him, “As with the review of the financial statements, where I expressed confidence in this institution and its transparent documentation, I reiterate the same sentiment regarding the 2023 work programme and budget.”
The TCN boss urged member utility firms to endeavour to pay all contributions and settle all outstanding fees, in order to sustain the progress being made in the regional electricity project implementation.
He head also commended the government and the people of Benin Republic, and President Patrice Talon for the facilities granted to the institution to establish its general secretariat.
Also Read: WAPP Creates Liquidity Enhancement Fund
Presenting the work programme and budget earlier, the secretary general of WAPP, Mr. Siengui KI, pointed out that the document focuses on key projects for implementation.
According to him, WAPP projects are progressing according to schedule, but needed budget adjustment to accommodate the cost escalation of project implementation.
He lauded the Donor agencies but also noted the need for WAPP to explore other funding areas to augment member utility contributions to the Pool.
Some of the WAPP ongoing projects are the Central Information Centre (CIC) project, which is at an advanced stage and the WAPP Network Synchronization project and the WAPP North Core project among others.
The high point of the meeting was the examination and adoption of the 2023 Work Programme and budget for WAPP.