Minister of Power, Chief Adebayo Adelabu has tasked management teams of power Generating companies (GENCOs) and the Distribution companies (DISCOs), to synergize for lasting solutions to the challenges in the power sector
According to a statement by Bolaji Tunji, Special Adviser, Strategic Communication and Media Relations to the Minister, Chief Adelabu said this on Wednesday at a meeting with GENCOs and Discos management.
The Minister disclosed that the meeting stands as the most authentic way of getting valuable information on the challenges faced by the operators as opposed to speculations.
Chief Adelabu stressed further that the meeting was a fact finding meeting towards finding lasting solutions to the challenges in the power sector that have affected the growth and development of the country’s economy.
The Minister said meeting with all the stakeholders in generating, transmitting and distribution value chain would be adopted as a regular meeting in order to constantly review developments in the sector.
Soliciting for support in order to forge a practical solution beyond theory, Chief Adelabu emphasized the need for operators to synergize for the success of the power industry, saying, the work at hand cannot be carried out by one person
“We called this meeting to learn from you and the only way to salvage a bad situation is to understand the real issues on ground”, he said.
Chief Adelabu added, ” You will agree with me that power is the most important issue you need in order to re-energise the economy in terms of achieving the desired economic growth and industrial development as contained in the President’s inaugural speech where he picked power as a major driver of economic growth and industrial development”.
” Power is one of the most important things we need to energize the economy in terms of achieving the desired economic growth and Industrial development and the President has identified the Power Sector as a major driver of economic growth, therefore no excuse will be entertained for non performance”.
At the meeting which lasted for several hours and attended by the Managing Directors of the generating and distribution companies across the country, the Minister stated that as operators in the sector, he needs their cooperation in order to make impact.
“There won’t be anything as fulfilling as making impact in the Power Sector within two to three years other than delivering and sustaining electricity supply to the end users; schools, households, small businesses and the industries.”
