The Minister of Power, Works and Housing, Babatunde Fashola, has said that the Ministry of Power, Works and Housing has received lots of proposals from investors who are interested in providing funds for the expansion of power distribution networks across the country, The Punch reports.
The minister stated that his ministry had received many proposals from investors who were willing to invest in the networks, adding that the FMPWH would start directing the investors to the Discos. Fashola stated this at the recent 16th power sector monthly meeting with the operators, according to the minutes of the session.
The minister, who chaired the meeting, also directed the power distribution companies to provide areas where they would require investments on their networks, so as to forward same to the potential investors. It was also decided that the Nigerian Electricity Regulatory Commission should develop measures to address issues of power load rejection by the Discos.