Government, Ministry of Power, Photo

Nigeria Deserves a Well Established Electricity Market – Igali

Posted: September 22, 2015 at 4:35 pm   /   by   /   comments (2)

The Permanent Secretary, Federal Ministry of Power, Amb. Godknows Igali has charged participants in the electricity market to imbibe best business practices in order to bequeath a well-established electricity market to the next generation. Amb. Igali, who currently supervises all activities in the Federal Ministry of Power, was speaking during the closing ceremony of a 2-day interactive workshop on ‘Interpreting and Understanding the Market Rules’ for the electricity market participants in Abuja recently.

In a speech in which he highlighted the history and experiences leading to the power sector privatization, Dr. Igali called on the market participants to be open, willing to learn and become better operators as the sector was still going through a learning curve.

infranet Photo 1According to a release by the management of System/Market Operation, a business unit of TCN and signed by Director(Public Affairs), Obiora Uzodike, the Permanent Secretary expressed confidence and optimism that the current challenges would be surmounted with time and the objectives of the privatization achieved to position Nigeria on the path to sustained industrial development.

The Permanent Secretary assured the market participants that the Ministry was discussing with relevant Federal agencies such as Central Bank of Nigeria and Pension Commission for the purposes of providing a pool of funds that can be accessed at single-digit to ramp up operations and service delivery.

He also informed the workshop that bi-lateral discussions were on-going with several international agencies on how to build flared-gas power plants, micro-grids and other renewable energy plants in order to provide more power for the grid and for Nigerians.

Earlier, the MD/CEO, System Operation/Market Operation, Mrs. Ngozi Osuhor welcomed the Permanent Secretary and informed him that the interactive workshop was organized to enhance the understanding of the market rules and grid codes among market players so that they can be more efficient and effective in delivering superior services.

She stated that the System/Market Operation was through organizing the workshop, performing one of its core responsibilities of providing education and capacity building for participants in order to grow the market on a sustainable basis. Similar workshops, Mrs Osuhor assured would be held on regular basis as a platform to continue the interaction and exchange of industry and operational knowledge among market participants so as to be up-to speed with developments in the ever-changing world of electricity market.

She stated that decisions on the way forward reached at the end of the workshop deliberations would be sent to the regulators for necessary follow-up.

The workshop which was organized by Infranet Energy Services had several industry experts such as Engr. Uzoma Achinanya, Engr. Musa Gummel, Engr. Chidi Ike, Abdulkadir Shettima, Robert Grant, etc, delivering papers on various aspects of the Grid Codes and the Market Rule. It was attended by participants from all the electric value chain; gas production, generation, transmission and distribution companies as well as allied service providers.

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