Minister of Power,Chinedu Nebo advocates for improved Electircity generation capacity

Posted by admin | 9 years ago | 2,665 times



The Minister of Power, Prof. Chinedu Nebo has advocated for an increase in the maximization of gas utilization capacity if Nigeria is to experience stability in electricity supply.

 

The Minister who was represented by his Chief of Staff, Prof. Chidiebere Onyia, at a retreat organized in Uyo, noted that the Power Ministry would continue to work with the Ministry of Petroleum to create an enabling environment for private and public sector investments and partnerships.

 

Prof. Nebo noted that this year, there would be a robust procurement process for coal utilization, leading to bankable feasibility studies driven by the Ministry of Power, adding that a private investor like Zuma Energy is at an advanced stage in building collaborations to execute a coal power plant in the south-eastern part of Nigeria.

 

While asserting that the transmission infrastructure requires huge financial resources, he stated clearly that government may not on its own have such funds to invest. He noted that the Ministry was looking at driving enabling policies that can attract the organized private sector to support government in expanding its transmission capacity.

 

He commended the market operator led by the Executive Director, Chief Mrs V. N. Osuhor for their strides in the CBN intervention fund, adding that it was important that the market operator continues to play its role as an independent market operator, ensuring what the new electricity market would look like in terms of transparency.

 


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