Monday, 21 July 2014

FG plans to adopt India power sector model Bookmark for efficient power supply of 10000mw by the end of 2014.

According to the minister, the ministry would soon summon a stakeholders’ forum of all Generating Companies (GENCOs), Distribution Companies (DISCOs), and the regulatory bodies to examine Indian model.Indian sector is more experienced than Nigerian power sector,so it will encourage and help Nigerian power sector in achieving transformation stage after privatisation.The Minister of Power, Prof. Chinedu Nebo, said the Federal Government had concluded plans to explore ways of implementing the Indian power sector model in Nigeria to transforming the sector.The minister said that the ministry would soon summon a stakeholders’ forum of all Generating Companies (GENCOs), Distribution Companies (DISCOs), and the regulatory bodies to examine Indian model.He said when the idea comes to fruition, the Nigerian Bulk Electricity Trading Company plc., which was conceived as a stop-gap agency might be transformed into a permanent arrangement.He said it would be under a Public Private Partnership (PPP) arrangement.Nebo also invited the Indian delegation to the first National Council on Power conference slated for August 2014 in order to have a robust discussion.The minister assured the delegation that the Federal Government was committed to achieving 10,000mw by the end of the year despite the challenges.


The envoy said that India was ready to partner with Nigeria in the development of the nation’s power sector. (NAN)

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