FG ready to partner with power investors, says minister
Emmanuel Addeh in Abuja
The Minister of Energy, Mr. Abubakar Aliyu, revealed that the Federal Government is willing to partner with investors in the electricity sector to improve the country’s electricity supply.
This came as the Managing Director of the Nigerian Bulk Electricity Trading Company (NBET), Mr. Nnaemeka Ewelukwa, said the government was putting in place reforms to ensure stable electricity supply in the country.
Aliyu, in a statement signed by the Information Officer of the Press and Public Relations Unit of the Ministry of Energy, Mr. Mathew Osumanyi Dan’asabe, made this known while receiving the Turkish Ambassador to the Nigeria, Mr. Hidayet Bayratar, with two other delegates in his office in Abuja.
He said President Muhammadu Buhari’s wish for the electricity sector was to ensure that the electricity supply industry is owned by both the government and the private sector.
According to him, the relationship between Nigeria and Turkey is long standing and culminated in the signing of a Memorandum of Understanding between Turkey and Nigeria in October 2021 for mutual benefits.
Aliyu told the Ambassador that various interventions are underway in the country’s power sector.
He described the distribution aspect of the electricity sector in the country as an area worth investing in.
The minister urged Turkey and the rest of the world to partner with Nigeria and share their experience in the fields of energy, renewable energy and energy efficiency.
In his response, the Ambassador said their visit follows the Memorandum of Understanding signed in 2021.
In related development, NBET Managing Director Ewelukwa said that the federal government was putting in place reforms to ensure stable electricity supply in the country.
Ewelukwa made this known during a capacity building workshop for members of the Power Correspondents Association of Nigeria (PCAN) and civil society organizations in Lagos.
The workshop, themed: “Building Knowledge and Closing the Skills Gap in Power Sector Reporting,” points to a worrying mismatch that the government wants to close.
He said the critical reforms the government has undertaken are designed to maintain the financial condition of the market, ensure the technical capacity to bridge the supply gap to meet the country’s demand.
According to him, the federal government has started the implementation of the transmission expansion plan which works in sync with the government/Siemens Presidential Power Initiative – with phase one – (7,000 mw), phase two – (11 000 mw) and phase three (25,000 mw) supply.
Ewelukwa said that “this government is keen to implement these reforms. To be honest with you, we spend sleepless nights to achieve this.
He said the government plans to continue expanding generation, transmission and distribution capacity to meet the country’s demand.
According to him, distribution companies are also improving their performance and facilities to ensure better power supply.
Explaining the function of NBET in the electricity-based transition market, he said the design is to bridge the electricity market temporarily.
He said NBET has a long-term role in driving competition in the market by ensuring that it transitions from a government-centric market to a private-sector-centric electricity market.
“We look forward to when we will actually begin the innovation process of delivering the power purchase agreements we have signed to distribution concessionaires and eligible customers, as appropriate,” he said. declared.