Print Options

(1) The Minister shall cause to be opened and maintained a sub-account of the Energy Debt Service Account to be known as the Power Generation and Infrastructure Support Sub-Account.

(2) There shall be paid into the Power Generation and Infrastructure Support Sub-Account

(a) sixty percent of moneys collected under the National Electrification Scheme Levy;

(b) forty percent of moneys collected under the Public Lighting Levy; and

(c) sixty-eight percent of moneys collected under the Energy Debt Recovery Levy.

(3) The Power Generation and Infrastructure Support Sub-Account shall be used

(a) to support the payment of power utility debts;

(b) to ensure power supply sustainability to achieve a secure, reliable and quality electricity supply;

(c) for power generation and infrastructure support recoveries; and

(d) to support power infrastructure risk mitigation including partial risk guarantees.