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LequteMan
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The Minister of Power, Prof. Chinedu Nebo, says the Federal Government has developed an action plan for the actualisation of coal fired power plant.
Nebo said this Monday in Abuja at the 2014 Ministerial Press Briefing.
He said the Ministry of Power, in partnership with the Federal Ministry of Mines and Steel Development, was currently developing bankable project documents for the purpose of facilitating investment in coal to power.
He said that the Federal Government was determined to explore renewable energy and energy efficiency to the fullest.
Nebo warned that Electricity Distribution Companies (DISCOs) that rejected their load allocation would be sanctioned by the Nigerian Electricity Regulatory Commission (NERC).
He also said that the NERC had been strengthened to guarantee a robust regulated electricity market.
According to him, the Federal Government, in line with its desire to take electricity to the grassroots in January 2015, had inaugurated the ‘Operation Light up Rural Nigeria (OLRN)’ project.
He said that about 10 states were expected to key into the project in line with Federal Government’s Transformation Agenda.
The minister further said that the Federal Government had successfully conducted grid market gap analysis and deployment of grid meters at all trading points for energy tracking and accountability.
Also speaking, the Minister of State, Power, Alhaji Mohammed Wakil, said that the government had invested N3.5 billion in the past 10 years in its quest to achieve stable power supply.
Wakil said that the Federal Government was doing everything possible to reform the power sector, given its role in the growth of any economy.
#Nigeria
Nebo said this Monday in Abuja at the 2014 Ministerial Press Briefing.
He said the Ministry of Power, in partnership with the Federal Ministry of Mines and Steel Development, was currently developing bankable project documents for the purpose of facilitating investment in coal to power.
He said that the Federal Government was determined to explore renewable energy and energy efficiency to the fullest.
Nebo warned that Electricity Distribution Companies (DISCOs) that rejected their load allocation would be sanctioned by the Nigerian Electricity Regulatory Commission (NERC).
He also said that the NERC had been strengthened to guarantee a robust regulated electricity market.
According to him, the Federal Government, in line with its desire to take electricity to the grassroots in January 2015, had inaugurated the ‘Operation Light up Rural Nigeria (OLRN)’ project.
He said that about 10 states were expected to key into the project in line with Federal Government’s Transformation Agenda.
The minister further said that the Federal Government had successfully conducted grid market gap analysis and deployment of grid meters at all trading points for energy tracking and accountability.
Also speaking, the Minister of State, Power, Alhaji Mohammed Wakil, said that the government had invested N3.5 billion in the past 10 years in its quest to achieve stable power supply.
Wakil said that the Federal Government was doing everything possible to reform the power sector, given its role in the growth of any economy.
#Nigeria
