Views: 2 Author: Site Editor Publish Time: 2014-04-07 Origin: Site
A few days ago, the Nigerian Federal Government announced that all contractual obligations of the Nigerian power market were scheduled to be January 1, 2015. In addition, January 1, 2015 is also an announcement date for the long-awaited transitional electricity market.
Electricity Minister Chinedu Nebo said that the focus of the transition power market will be successful in all contractual obligations specified in the market rules.
NEBO added that the development of the transitional electricity market is not only the beginning of the transition, but also trying to make the market more mature, stronger.
Nebo called on all participants to fulfill their obligations, and emphasizing that the Government will not accept any excuses that cannot provide uninterrupted power. Nigeria Central Bank is ready, and all market participants should improve the application materials to obtain preferential financing under government intervention. The Government decided to completely solve the problem of unwarable measurement of the power industry.
Nebo pointed out that the transitional power market will help prevent income from escalation and thus get more investment resources.