Ogun Govt Proposes Bill To Boost Power Generation - EDU-BIZNEWS


Wednesday, June 26, 2024

Ogun Govt Proposes Bill To Boost Power Generation

Ogun State Government is putting machineries in motion to set up an industrial power house, to ensure uninterrupted power supply through a drafted bill that would soon become law.

Global Adviser, Boston Power Limited, who is the Consultant to the Ogun State government on Power, Mr. Olawale Oluwo revealed this in Lagos,during a Stakeholders' Workshop on Ogun State Electricity Market.

Oluwo explained that the workshop was to map out ways to reform the electricity sector in the state, towards achieving adequate power supply for households, industrial and commercial use, alongside other public sector institutions within the state.

He pointed out that bills had been drafted and forwarded to the state House of Assembly and signed into law by Governor Dapo Abiodun, revealing that the Ministry of Energy and State Electricity Regulation would be established to oversee the activities of the sector.

Also speaking, Senior Special Assistant to the Governor on Energy, Mr. Olufemi Omisanjo, explained that the bill would engender sufficient capacity to generate, transmit, distribute power and collect tariff, and serve as an avenue to generate revenue for the state, calling for private sector’s partnership and initiative, in a bid to ensure its success.

“In creating a viable and functional market, the workshop is an avenue for the government and its Consultants to meet with various stakeholders and investors, in order to understand how we intend to fashion out the very viable and bankable Ogun State Electricity Market”, he said.

A participant at the workshop, Mr. Babatunde Oshadare, noted that the project would ensure increased power supply for improved living condition of residents in the state.

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