FG’s Policy Initiative In Power Sector Attracts Foreign Direct Investment

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The minister for Power, Works and Housing, have launched some initiatives to ensure significant increase in power generation and distribution to the point of use. One of the features of the policy initiative is waiving of licensing requirements for power generation project of 1 megawatt or less.  Again, this to encourage the effect of not taking too long to see the coming of Bussbar Energy, a power company established by a team of American investors with Bernie Conyers, as the team head, into the country’s power sector.
He stated that, in the next 12 months, “Bussbar has prospect for generating, conserving and supplying a mimimum of 50 megawatts of electricity to different projects on offer.

Read more : FG’s policy initiative in Power Sector attracts Foreign Direct Investments 

Renewable energy: Nigeria Partners India to enhance Power Generation.

Nigeria and India set to partner in renewable energy in line with international agreements signed by both countries. The Indian High Commissioner, Mr Nagabhushana Reddy, have stated  on Thursday at the business meeting in Abuja,that exploring areas of cooperation in renewable energy would build on existing partnerships between the both countries. He disclosed that Nigeria as a member of the international Solar Alliance (ISA), an inter-government organization with the aim to provide dedicated platform for cooperation among solar resource rich countries, have indicated the commitment to diversify its energy sources.

Stakeholders allege Plot to Kill Bill  against estimated billing. 

Mr. Toluwani Adebiyi, in the event organized by Rivers Civil Society Organization in Porthacourt yesterday, have stated the reason the Discos across the country refused to provide pre-paid meters to Nigerians in accordance with the law is because they are earning much more unearned revenue from estimated billing than through pre-paid meters. He likened the continuous use of estimated billing by the various Discos as electricity terrorism. However, the Nigerian Electricity Regulatory Commission (NERC) has embarked on the enforcement of the Meter Asset Provider (MAP) policy and granted Mojec International Limited, an indigenous prepaid meter manfacturing company, an approval of ‘No objection’licence or certificate under the new metering policy.

Aba traders  laud FG over electricity license to Airaria Market.

Traders at the Ariaria market lauded the efforts of the NERC to grant license to Ariaria market Independent Power Plant Limited to distribute the energy generated  by the company within Ariaria Market.
Traders in the market and  its environs have stated that this will help boost their business, especially the small and medium businesses in the state which is being championed by Governor Okezie Ikepeazu.

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About Rejoice Obike 68 Articles
Obike Rejoice Chinecherem is an ardent reader who loves African literature. She is creative in writing, her write-ups are all about her everyday experiences, women, and society. She loves chocolates, and in her copious time enjoys reviewing artworks and talking about feminism.

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