French Firm Says Nigeria’s Poor Access to Power Due to Lack of Investment, Others

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Vice President, Green Electric, a France-based Renewable Energy firm and former Executive Director, Niger Delta Power Holding Company (NDPHC) Limited, Dr Albert Okorogu, has said that Nigerians are not getting enough electricity because of the few investors in the sector

In a telephone interview, he listed other reasons as low level of confidence by investors in the sector, huge interest rates imposed by banks on loans and frictions between the investors and the community, where the project will be sited.

He said generation, transmission and distribution of electricity have suffered neglect in recent times, adding that no government could provide electricity for its people once there are problems in the three areas. He said the grid needs repair to provide power to the 11 electricity distribution companies (DisCos) for supply to their customers.

He urged the government to invest in renewable energies, such as solar, coal and wind to reduce burdens on the grid, arguing that renewable energy is key to the growth of the sector. He also urged the Federal Government to provide an enabling environment for investors in both grid and off-grid electricity generation, noting that only holistic and well implemented policies would revive the nation’s power sector.

Source: EnergyMix

 

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