Power 2017: Power will be stable by 2017 in Nigeria

The Federal Government, on Friday, assured Nigerians that power supply would be stabilised in the next two years.
 
President Goodluck Jonathan made the pledge at the inauguration of 750MW Olorunsogo II Power Station in Olorunsogo, Ogun State.
 
The generation plant was constructed by the Niger Delta Power Holding Company (NDPHC) and it is one of the 10 National Independent Power Plants constructed by the company.
 
According to President Jonathan, “Private sector-controlled power sector will be midwifed and the interface between government and private sector will be sealed properly and Nigerians will take power for granted like in other countries.”
 
He said that stability in power sector would stimulate small and medium scale enterprises. “We want to stabilise power sector to stimulate SMEs because our industries cannot survive on generators,” he said.
 
Furthermore, Jonathan stressed that his government had invested $8.26 billion so far in NIPPs from Excess Crude Account (ECA), saying that “$8.26 billion has been invested so far in NIPPs from ECA. These plants will be privatised through transparent exercise and the proceeds will be re-invested to boost transmission networks and upgrade other identified projects,” he stated.

http://www.gejites.com/fg-to-stabilise-power-supply-by-2017/

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