Private sector investment key to achieving steady power supply, says Osinbajo

says only private sector investors can ensure steady power supply in the country and meet the energy needs of Nigerians.of the discharge certificate of Ughelli power plant to Tony Elumelu, chairman of Transcorp Power Plc.The delisting comes a month after the national council on privatisation approved the Bureau of Public Enterprise recommendations, and after Ughelli Power Plc had met key post-acquisition requirements including available capacity and capital expenditure.

Explaining the routine evaluation and monitoring of the power-generating company, Osinbajo said it was an essential feature of the post-acquisition plan by the BPE. On his part, Alex Okoh, director-general of BPE, said the discharge certificate became necessary after an evaluation showed that UPP’s generation capacity under Transcorp Power grew by 227 percent in a decade.

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Private sector investment key to achieving steady power supply, says Osinbajo | TheCableVice President Yemi Osinbajo says only private sector investors can ensure steady power supply and meet the energy needs of Nigerians.
Source: thecableng - 🏆 2. / 80 Read more »

Osinbajo presents discharge certificate to TranscorpVice President Yemi Osinbajo, on Monday, in Abuja, said it would take serious private sector investment in Nigeria’s power sector to meet the country’s rising energy needs.
Source: MobilePunch - 🏆 8. / 63 Read more »

Osinbajo presents discharge certificate to Transcorp powerVice President Yemi Osinbajo, on Monday, in Abuja, said it would take “serious” private sector investment in Nigeria’s power sector to meet the country’s rising energy needs.
Source: MobilePunch - 🏆 8. / 63 Read more »