…Pledges to focus on transmission capacity enhancement

nebo-power-minister

FROM DENNIS MERNYI, ABUJA

The Federal Govern­ment has reiterated it’s determination to boost transmission capacity of Nigeria’s generating com­panies’ value chain.

Minister of Power, Prof. Chinedu Nebo, who said this in Abuja Wednesday, noted that it was needless if generated power cannot be used, hence it was important to strengthen the engine that would ensure that the chain is not broken.

While calling for more for­eign investments, Nebo who identified the Chinese as spe­cial people that have capacity to identify opportunities, said “little wonder that China is do­ing so well with us in the secto

“We will continue to support and defend your interests and investments here,” while urg­ing the Chinese to do more in terms of investing in the sector, particularly in the area of re­newable energy where a lot of opportunities still exist.

Nebo counseled the Chinese to also build synergy with Dis­tribution and Generation Com­panies as they could build mu­tual relationship in the area of embedded or generated power within a locality and get such distributed through the Disco in the area.

He commended the pres­ent administration for its dog­gedness and determination to push electricity agenda to this level through its privatisation programme, adding that with­out the political will, the whole process would have derailed.

The Minister said that even the opposition has expressed this position at different fora, as the Nigerian power priva­tisation remained irreversible, saying “the gap is huge and government is deeply com­mitted to making sure it gets power right.

‘‘The Independent Power Producers (IPP) should be able to produce, while on our side, we should ensure that power gets to the people,”he said

He said the statistics of power in Nigeria is abysmally low, noting that “Nigeria is producing only 2.5 per cent of power produced in South Africa. Those who are wise are taking position and falling over each other to partake in the sector,”he stated.

He commended the level of confidence the Chinese have in the sector, saying that en­couraging funding has come from EXIM Bank into the sec­tor, especially since the high-powered delegation, led by President Goodluck Jonathan, visited China in 2013.

Speaking after the signing ceremony, Mariam Olusola Akomode, the Chairperson of Cartlark International, assured the Minister that her company will tag along with the Presi­dent’s Transformation Agenda underscored by the level play­ing ground provided for Pub­lic Private Partnership (PPP) initiative.

She maintained that,for a country like Nigeria that is in a hurry to develop its critical infrastructure, the PPP model is a viable option, adding that the company will explore PPP to finance its transmission proj­ects as planned.

Source : SunOnline

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