The Minister of State for Power, Hajiya Zainab Ibrahim Kuchi yesterday urged prospective investors to take advantage of the impending boom in the nation’s power sector.
Hajiya Kuchi, who spoke while receiving a delegation from Bharat Heavy Electricals Limited, led by the Secretary to the Government of India’s Department of Heavy Industry, Dr. Sunatu Behuria, said there are opportunities in all the three chains of electricity in Nigeria, such as the renewable like small hydros, solar, wind, waste to fuel and coal to power.
In a statement, the Deputy Director, Press, Timothy Oyedeji quoted the Minister of assuring the would-be investors of bumper returns on their investment, saying Nigeria is known for high returns on investment. The electricity market will not be an exemption, as what Nigerians want is adequate and uninterrupted power supply, she added. She urged the group to cash-in on the conducive environment created by the government and invest as Independent Power Producers.
She said there are vast opportunities available for the production of small megawatts of electricity in short term outside the national grid system. She reiterated the commitment of President Goodluck Jonathan to the realisation of the lofty ideas contained in the power sector Road Map.
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