Section 134 Electricity Act 2023

Section 134 of the Electricity Act 2023 is about Powers of the Board. It is under Part XVI (Rural Electrification Agency) of the Act.

(1) The Board shall —

(a) formulate guidelines relating to the discharge of the functions and realisation of the objectives of the Agency under this Act:
(b) generally, supervise the management of the affairs of the Agency;

(c) supervise and ensure accountability of the REF established under this Act by defining appropriate procedures for management of the REF by the Agency;
(d) approve the criteria for disbursement of money approved for the Fund;

(e) approve disbursement of money from. the REF to pay for the Agency’s programmes and projects;

(f) receive and examine reports from designated persons or institutions in respect of financial assistance in relation to the realisation of the objectives of the Agency;
(g) decide on policies and procedures for the allocation and use of funds from the REF established under this Act for rural electrification subsidies;

(h) approve the establishment or reorganisation of such units, departments or divisions of the Agency where it considers expedient and necessary for
the smooth operations of the Agency; and
(i) generally, exercise control and supervise the internal policies, finances and
property of the Agency.

(2) The Board shall, in the performance of its functions under subsection (1), sit on part-time basis and no part-time member of the Board is permitted to interfere with the day to day running of the Agency.

(3) The Board shall, in the exercising its powers under this Act, submit annual report and audited accounts of the Agency to the Minister.