Minister of Power, Professor Chinedu Nebo, yesterday reiterated federal government’s commitment towards public private sector partnership (PPP) policies, saying, government is encouraged by developments in the power sector.
The minister who spoke at the Federal Ministry of Power / Siemens power Development Forum held at Transcorp Hilton in Abuja, noted that the negative results of the last forty plus years of government involvement in running of the sector had made it imperative to open up to private investor involvement.
“The results of the last 40 plus years of government involvement in the running of the power sector has made it imperative to join the global trend and best practices by opening up the sector to private investor involvement” he said.
He recalled that both 434MW Geregu 1, and 434 Geregu 11, which are due for commissioning, were built by Siemens stressing that the company had made very significant contributions to the growth of Nigeria’s power sector.
This is in addition to being a strategic force behind the 450MW Azura-edo power plant which has been described as the best in class power plant and the first independent power project being developed 100 per cent by the Nigerian power sector to add to the national grid.
The Managing Director of Siemens, Mr. Michael Lakota stated that the collaborative effort was to stimulate project development by private sector which he impact positively on the development of power infrastructure.
Speaking during the occasion, the Chairman Independent Power Producers association of Nigeria, professor, Jerry Gana expressed delight saying such partnership would encourage building of more power plants in the country.
Gana, who described Siemens as world class technology suppliers, noted that more independent power producers would go into partnerships with Siemens in order to build power stations in Nigeria.
Source: National Mirror
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