FG: Indigenous Power Sector Investors More Dependable, Optimistic

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The federal government on Monday described indigenous investors in Nigeria’s power sector as dependable and optimistic of the sector’s prospects and Nigeria’s economy, despite the challenges they have had to contend with since its initial reforms and privatisation of the sector in 2013.

Insisting that they have continued to endure the troubles of the sector and increase investments in their different power assets, the government said it would match their commitment with improved reform of the sector to respond promptly to their challenges.

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, stated this when he commissioned alongside the Governor of Delta State, Ifeanyi Okowa, a new 115 megawatts (MW) gas turbine procured and installed by Transcorp Ughelli Power Plant, to now bring the plant’s generation capacity to 620MW.

The commissioning was done shortly before the 13th edition of the monthly power sector operators’ meeting was held at the power plant.


Source: ThisDay

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