The Minister of Power, Dr. Lanre Babalola yesterday disclosed that the Federal Government would welcome greater participation by the United States-based energy supply conglomerate, the General Electric in the efforts to find lasting solution to Nigeria’s power supply crisis.
Babalola in a statement signed by his Special Assistant on Media, Mr. Yakubu Lawal expressed the commitment of government to partner with private investors, with a view to providing definite and sustainable solutions to the nation’s power needs.
The Minister who made the statement when a delegation from General Electric (GE), America, led by the President, GE for African Region, Lazarus Agbazo paid him a courtesy call in Abuja, called on the company to improve on its business model by increasing its presence in the country, to ensure quicker response from all quarters in possible problem situations.
The meeting with GE was held under the auspices of a country to company agreement signed in 2009, with the aim of exploring, identifying, reviewing and promoting specific sector projects for the development of Nigeria’s critical infrastructure as well as location of service and technical support for such structures.
Babalola noted that given the importance of power to the socio-economic development of the country, efforts were being put in place for diversification to reduce the overdependence on gas for power generation.
He said the first Wind-Farm power Project in Nigeria contracted last year would soon be commissioned soon. He further said that there was a visible problem in the power sector that could only be resolved through the provision of articulated solution, welcoming the inclusion of a visit to Olorunsogo power station in the delegation’s itinerary pointing out that firsthand assessment will go a long way in optimizing both interests.
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