FG plans to adopt India power sector model

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ABUJA – The Minister of Power, Prof. Chinedu Nebo, said the Federal Government had concluded plans to explore ways of implementing the power sector model in Nigeria to transforming the sector.

Nebo made this known when he received a delegation on power India in Abujan on Monday.

He said the ministry would soon summon a stakeholders’ forum of all Generating Companies (GENCOs), Distribution Companies (DISCOs), and the regulatory bodies to a closer look at the model.

The minister said the Nigerian power sector which still in a transitional stage after the privatisation still had a lot to learn the experience.

According to him, this is because of the peculiarity between both ’ power sector.

He said when the idea comes to fruition, the Nigerian Bulk Trading Company plc., which conceived as a stop-gap agency might be transformed into a permanent arrangement.

He said would be a Public Private Partnership (PPP) arrangement.[eap_ad_2]

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 the Federal Government committed to achieving 10,000mw by the end of the year despite the challenges.

The Chief Executive Officer of Eko Disco, Mr Oladele Amoda, who spoke on behalf of the DISCOS, said the company had already had a technical arrangement with Tata of India.

Amodu urged the India delegation to seriously the issue of transfer of technology so as to fast track the development of the sector.

Earlier, Indian High Commissioner to Nigeria, Mr Ajjampur Ghenashyam, said Nigeria as the hub of in the sub- should the lead in the development of regional power market.

Ghenashyam said India had achieved over 400 per cent leap in generation capacity in the last 10 years due to the competitiveness of the market.

He said countries like Nepal, Bangladesh, Bhutan and Pakistan, had already been enjoying seamless cross market and this had further boosted confidence for investment flow into the sector.

The envoy said that India was ready to partner with Nigeria in the development of the ’s power sector. (NAN)[eap_ad_3]