Following the worsening power situation in the country after months of handover to private companies, President Goodluck Jonathan has directed the Vice President to convene a conference to facilitated the funding of the power infrastructure.
This is aimed at achieving the required modernization, expansion and overall enhancement of electricity service delivery.
In a statement, Head, Public Communications, of Bureau of Public Enterprises (BPE), Mr Chigbo Anichebe, said the conference is slated for Monday and it is organised at the instance of the transmission Company of Nigeria (TCN), the distribution companies (DISCOS) and the generation companies(GENCOS).
Also to benefit from the conference include, the National Integrated Power Plants (NIPPs), Independent Power Plants (IPPs) and other sector service providers
The conference also aimed at augmenting the efforts of the private sector which recently took over the electric power generation and distribution assets of former Power Holding Company of Nigeria (PHCN) and participants are expected to be drawn within Nigeria, her development partners, the donor community, international financial institutions and international financiers.
The objectives are to facilitate interaction between the new investors and local and international financial institutions to explore the available opportunities in meeting the capital expenditure (CAPEX) needs of the Nigerian power sector; to support the creation of a sound economic expansion framework that will enhance performance across the power sector value chain; to provide the enabling environment for potential investors in the power sector to refine their entry strategy into the Nigerian power sector; to identify areas of need that can affect the viability of the market; to provide opportunity for clarifying government policies for the power sector; and to create a sector CAPEX plan that will serve as baseline for future monitoring and evaluation of the sector participants.
No comments:
Post a Comment