Challenge:
- There has been a significant reduction in country’s power sector performance which has been largely due to inadequate infrastructure, corruption and high trade receivables.
- The framework was weak in terms of scope and therefore, did not have the capacity to respond to the complexities of the recent developments.
Approach:
- Quramo Advisory reviewed global best practice power sector regulation and experiences from emerging markets.
- Key stakeholders in institutions along the value chain were interviewed.
- Quramo Advisory also reviewed the law.
Value Provided by Quramo Advisory:
- Quramo Advisory defined a robust, sustainable and scalable framework and policy that ensures the State’s energy security goals are met without compromising stakeholder’s interest.
- Reviewed and highlighted the deficiencies of the State’s current regulatory framework.
- Quramo Advisory developed a strategy to roll-out a phased implementation plan.
- Decomposed regulatory and utility functions of the State electricity board.
- Promoted the energy management, frontier renewable energy initiatives and sustainability through the State utility agency.
- In addition, the framework provided the State regulatory body with a relative closer proximity to monitor the activities of industry operators in comparison with the federal regulatory body.
Client Benefits:
- Benefits realized by the client include reshaping the legal mandate to support the implementation of more robust framework, that is, capable of responding to new trends as well as the pressures of the evolving new operating market.