Energy News  
ENERGY NEWS
Nigeria to privatize power sector

disclaimer: image is for illustration purposes only
by Staff Writers
Abuja, Nigeria (UPI) Aug 30, 2010
Nigerian President Goodluck Ebele Jonathan has announced plans to tackle the country's notoriously inefficient and corrupt power sector.

Jonathan provided journalists in Lagos his Power Sector Road Map project, which he stated would both create significant employment while reviving Nigeria's moribund economy.

During his Lagos presentation of his plan Jonathan noted, "We need a revolution in the power sector," adding that the private sector would be crucial in the country's "journey of national transformation," Radio France Internationale reported Friday.

Under Jonathan's proposal, his government will privatize both electrical generating capacities and the national grid's distribution facilities while increasing natural gas deliveries to fuel new plants. If Jonathan's scheme is implemented, six state-owned power generation companies and 11 distribution companies will be offered for sale in one of Africa's biggest privatizations. While the Nigerian government will continue to own the national grid, private companies will be brought in to manage it.

The proposed reforms have already created concerns among state power sector workers, with employees of the state-owned Power Holding Co. of Nigeria calling a one-day strike Wednesday to protest the changes.

Seeking to quell such concerns, Jonathan promised during his presentation that his government would set aside financing both to underwrite wage promises and finance severance packages and pensions when the proposed privatization goes into effect.

The business sector strongly supports Jonathan's proposed reforms, as it is of the opinion that an improved power infrastructure will provide Nigeria with a more productive and competitive economic climate. Lagos-based Opinion Research and & Communications analyst Chuks Osuji remarked that currently government control of major industries is "one of the banes of Nigerian society. That type of entanglement causes a lot of mismanagement and a lot of corruption."

Jonathan's proposals include construction of what he described as "a super transmission network of 7,000 kilovolts, the procurement and design will commence next year," along with an additional 5,000 megawatt generating capacity to the national grid within the next three years from both new and existing independent power plants. The private sector will also be encouraged to invest in expanding and exploiting the country's potential in generating power from hydroelectric, nuclear and coal-fired facilities, especially using indigenous coal reserves in Gombe, Enugu, Kogi and Benue states over the next two years.

Highlighting the current system's inefficiency Jonathan observed that "the sector's challenge to effective electricity delivery in Nigeria include the absence of sustained policies and deliberately deploying long term power development strategy, the absence of and low implementation of reforms to fast track all issues pertaining to the power sector."



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


ENERGY NEWS
China to set up base to tap deep-sea energy: state media
Beijing (AFP) Aug 27, 2010
China will build a multi-million-dollar research base on its east coast as it steps up its efforts to search for energy sources and rare earths on the ocean floor, state media said Friday. Engineers have started to design the base, which will cost an estimated 495 million yuan (72.8 million dollars) for the initial construction, the Xinhua news agency reported. The base in the coastal ci ... read more







ENERGY NEWS
NASA/NOAA Study Finds El Ninos Are Growing Stronger

Katrina Retrospective: 5 Years After The Storm

Processing Of First TanDEM-X Data Received At Inuvik

Activity At Sakurajima Volcano Intensifies

ENERGY NEWS
China Launches New Mapping Satellite

Venture Capital Fund Backs Business Opportunities From Space

Life360 Launches Real-Time Family Tracking App For iPhone

Real-Time Polar Bear News Featured On New Churchill Polar Bears Website

ENERGY NEWS
Climate affecting Alaskan spruce forests

Medvedev halts Russian motorway plan after protests

Argentine newsprint maker faces state ax

Malaysia activists hail Norway's blacklisting of timber firm

ENERGY NEWS
Juicing Up Laptops And Cell Phones With Soda Pop Or Vegetable Oil?

METRO Applauds Mayor Bloomberg For Signing NYC Biodiesel Heating Oil Legislation Into Law

Genes That Promise To Make Biofuel Production More Efficient, Economical

Biomass Plant To Produce Steam And Electricity Considered

ENERGY NEWS
Can The World Be Powered Mainly By Solar And Wind Energy?

Award-Winning SolarFrameWorks BIPV CoolPly System Completed At New England Patriot Place

Solar power moves ahead in California

Carmanah Solar Rooftop PV Grid-Tied System Ready For 500 Dr. David Suzuki Public School Students This Fall

ENERGY NEWS
Duke Energy Changes Focus Of Coastal Wind Demonstration Project With UNC

U.K. wind farms deny causing seal deaths

Mortenson Construction Building 100 Turbine Wind Farm In Illinois

Canada looks to utilize wind energy

ENERGY NEWS
Tough road ahead for trapped Chile miners

Trapped miners in Chile are alive after 17 days

21 dead, 12 trapped in China mine accidents

Chinese rescuers battle to save 24 trapped in mine

ENERGY NEWS
China warns India over PM talks with Dalai Lama

China may scrap death penalty for some economic crimes

China's Wen calls for political reform: state media

Book critical of China's premier on sale in Hong Kong


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement