To meet our Vision 20:2020 target of 40,000MW will require investments in power generating capacity alone of at least US$ 3.5 billion per annum for the next 10 years. Correspondingly large investments will also have to be made in the other parts of the supply chain (i.e. the fuel-to-power infrastructure and the power transmission and distribution networks). These sums cannot and will not be funded and directed by the Federal Government. Rather, central to the development of the sector will be the need to incentivise the private sector to partner with government in this endeavour. At the same time, however, the Federal Government is acutely aware that improvements in service levels cannot wait until the industry has been commercialised. The Government is, therefore, taking active steps to ensure modest but genuinely realisable improvements in the amount and quality of electricity supplied to customers in all regions of the country.
Thanks for your contribution Sam. We are well aware of government efforts towards actualization of steady power supply, however we are of the opinion that a more sustainable improvement will be achieved if the challenges are worked from bottom up. I.e how do we ensure that every citizen who enjoys power pays for it. It’s about time the government starts to use such huge data bank actualized from the BVN exercise
To meet our Vision 20:2020 target of 40,000MW will require investments in power generating capacity alone of at least US$ 3.5 billion per annum for the next 10 years. Correspondingly large investments will also have to be made in the other parts of the supply chain (i.e. the fuel-to-power infrastructure and the power transmission and distribution networks). These sums cannot and will not be funded and directed by the Federal Government. Rather, central to the development of the sector will be the need to incentivise the private sector to partner with government in this endeavour. At the same time, however, the Federal Government is acutely aware that improvements in service levels cannot wait until the industry has been commercialised. The Government is, therefore, taking active steps to ensure modest but genuinely realisable improvements in the amount and quality of electricity supplied to customers in all regions of the country.
ReplyDeleteThanks for your contribution Sam. We are well aware of government efforts towards actualization of steady power supply, however we are of the opinion that a more sustainable improvement will be achieved if the challenges are worked from bottom up. I.e how do we ensure that every citizen who enjoys power pays for it. It’s about time the government starts to use such huge data bank actualized from the BVN exercise
ReplyDelete