The Minister of Energy, Mr Adebayo Adelabu, has reassured Nigerians of his ministry’s dedication to prioritise electrical energy provide within the nation in 2024.
He stated this was in keeping with President Bola Tinubu’s electrical energy turnaround agenda in his New Yr message.
The minister’s Particular Adviser, Communication and Technique, Mr Bolaji Tunji,, disclosed this in a press release in Abuja on Monday.
Tunji quoted the minister as saying that the ministry, companies and Electrical energy Distribution Firm labored tirelessly in the course of the yuletide to boost energy provide, including that it was a optimistic enchancment.
”In recognising the essential position of electrical energy in financial progress, the preliminary three months of my assumption of workplace I centered on prognosis, stakeholders’ session, and technique formulation.
”With a well-documented implementation plan, it’s now time to take decisive motion.
“Our main focus is enhancing distribution and transmission infrastructure to minimise technical and industrial losses,” he stated.
The minister stated that the shortage of liquidity continues to be a big problem within the electrical energy market.
Based on him, the ministry is presently reviewing the implementation technique of a value reflective tariff, whereas authorities will proceed to subsidise energy provide to those who are susceptible in our society.
”Closing the meter hole is crucial, and ongoing initiatives, together with World Financial institution programmes and the Presidential Metering Initiatives, will acquire momentum.
”The ministry will intervene in distribution infrastructure, supplying transformers to communities with out burdening residents financially,” he stated.
Adelabu additionally stated that rural electrification would stay a precedence, with plans for solar-powered mini and micro grids and avenue lights whereas collaborating intently with DisCos and State Electrical energy Boards,
He stated “our efforts will align with native wants.
Adelabu stated that so as to enhance the transmission infrastructure the Federal Authorities have reactivated the Presidential Energy Initiative Siemens Challenge which might strengthen the nationwide grid, and minimise technical losses.
”We may even be implementing the Jap and Western tremendous grid initiatives to strengthen the grid and improve electrical energy provide to demand centres within the nation.
”The Transmission Firm of Nigeria (TCN) will likely be reconstituted within the quick time period, separating transmission companies from system and market operations within the first quarter of 2024.
”Within the medium- to long-term the transmission grid will likely be separated into regional grids for efficient administration.”
Based on him, producing at put in capability is a objective for government-owned crops, whereas personal corporations are inspired to speculate additional.
He stated that off-grid and distributed technology, utilising renewables, could be a focus, including that photo voltaic Photovoltaic (PV) crops, small hydro crops, and wind farms will likely be strategically deployed.
Talking on energy theft, the minister stated that tackling the problem and vandalism is paramount.
He stated that this was a nationwide accountability and requires joint efforts to guard the belongings.
Adelabu stated that the ministry had already knowledgeable the Nationwide Safety Adviser of recorded circumstances, including that collective motion was important to remove these setbacks.
(NAN)