FG to review privatisation of power sector to boost production

Features & Reports

An Executive Director of the Niger Delta Power Holding Company Limited, Ifeoluwa Oyedele, while speaking during the second 2017 Distinguished Engineering Lecture of the Nigerian Society of Engineers (NSE), said the Federal Government would review the privatisation of the power sector to boost power supply in the country, The Guardian reports.

Oyedele, who was a guest speaker at the event, pointed out that to make the new energy plan successful, there would be the need to re-visit the tariff issues for a more cost reflective pricing and bankable investment climate. He noted that the review was to build and accommodate other trending global power sources such as hydro, coal, nuclear, solar and wind energies to improve power production in the country.

Oyedele also disclosed that plans have reached advanced stages to increase funding of power infrastructure through construction of transmission lines to ensure operational flexibility. “Under the new arrangement, government is to build mini grids and use renewable energy sources like solar in remote areas and villages across the country with a view to resuscitate cottage industries,” he said.

–EnergyMix