The Minister of Power, Engr. Sale Mamman, said the Distribution Companies, DISCOs, must invest in their distribution infrastructures to address the power limitations in the country. This is coming against the backdrop of constant rejection of loads as well as constraint due to inadequate distribution infrastructure.
The minister also said that the ministry is open to any investor willing to invest in the sector to improve power distribution in the country.
The minister disclosed this yesterday, during a tour of Skipper Nigeria Limited, organised by Future Energy Nigeria, FEN, as part of its programme for the 16th FEN, conference and expo in Lagos, with the theme:
“Advancing Partnership and Solutions for a sustainable Energy Economy.” He said that the DISCOs must invest in their business, stressing that the ministry will continue to encourage and engage with serious investors in the sector.
“Our doors are wide open to any investor that is willing to invest in the power sector. “We will work out ways to ensure that the DISCOs partner with power equipment manufacturing firm to enable them manufacture distribution equipment locally,” he said.
Expressing the ministry’s support for the conference, he said: “The ministry’s endorsement of this event is on the fact that over the years the conference has provided solutions to the power sector challenges.
“Aligning with the United Nations Sustainable Energy for all initiative, SE4All, Nigeria developed her electricity vision EV:30:30:30 which entails a minimum electricity generation capacity of 30GW by year 2030.
“Also, as a party to the Paris Agreement, Nigeria made a commitment to reducing its green house gases by 20 percent unconditionally and 45 percent conditionally with energy mix,” the minister added.
On his part, High Commissioner of India to Nigeria, Mr. Abhey Thakur expressed the readiness of the Indian government to provide support for the nation’s power sector development.