PSRP’ll ensure power sector viability – BPE

PSRP’ll ensure power sector viability – BPE

The Power Sector Recovery Programme (PSRP) is robust enough to ensure viability and manage the liquidity issues militating against the sector.
The Director – General, Bureau of Public Enterprises (BPE), Alex A. Okoh affirmed this at a meeting with the House of Representative Committee on Privatisation and Commercialisation in Abuja.
Head, Public Communications, Amina Tukur Othman, in a statement, Mr.
Okoh added that optimising the potentials of the PSRP would be largely reliant on a simultaneous effort from all parties involved in the privatisation process as well as regulatory bodies.
While noting that the meeting will proffer solutions to the challenges affecting the performance DisCos and GenCos, Mr.
Okoh admitted that Nigerian power privatisation transaction is the biggest in Africa adding that transaction challenges are not insurmountable.
The BPE helmsman stressed that a holistic approach alone would set the pace for an enduring solution to resolve the challenges.
Categorising the challenges under three bands as; transaction frame work, operational issues and policy and regulatory concerns, the Director General of the Bureau explained that solutions proffered without a thorough diagnosis of the issues would fall through in the course of time.
He reaffirmed the Bureau’s dedication to the success of the sector towards ensuring improved electricity supply to the nation.
The Deputy Chairman of the Committee, Hon.
Shadimu Alao Mutiu gave an assurance of the Committee’s support towards the success of the sector adding that only a joint effort can bring about the much needed progress sought by all parties involved.
Present at the meeting were representatives of GenCos, DisCos as well as Nigerian Bulk Electricity Trading Plc.
(NBET).

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