The Ministry of Power said Friday that it has commenced the review of the Electricity Sector Power Reform Act of 2005 in line with current realities. Stressing that it is the mandate of the Ministry of Power to formulate policies, the Ministry said the review of the law is now more paramount, especially now that the power sector is at the final stage of privatisation.
In a statement, it noted: “Indeed, the Ministry is already looking ahead to those obvious challenges that would arise post privatisation. The question is for a legislation made in a period when the power sector was wholly Federal Government affairs, should it not be reviewed to address the present realities? For example, 2005 Electricity Power Sector Reform (EPSR Act) was borne out of the 2003 National Electricity Power Policy (NEPP), which was developed by the Ministry. Why should some individuals be against review that has just begun to gather momentum?
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