With just a few months before the private sector takes over operations of the power sector, Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has disclosed that the sector still owed N22 billion for gas supplied.
The minister made the disclosure yesterday at a one-day roundtable session organised by the Nigerian Economic Summit Group (NESG), in Abuja.
Alison-Madueke, who was represented at the event by the NNPC’s Group Executive Director, Gas and Power, David Ige, also stated that the enormous gas to power demand which was projected to grow sharply as the National Independent Power Plants (NIPPs) come on stream, would be bridged by 2015.
She explained that gas supply payment performance has been a major dis-incentive to supply growth in the sector.
According to her: “One key dis-incentive to supply growth is the payment performance of the power sector broadly, whilst NIPP has had a relatively better performance in terms of paying for gas, the power sector still owes about N22 billion for gas supplied. For sustained growth in supply, there is need for improved payment performance.”
0 comments:
Post a Comment