The Federal Ministry of Power would be restructured after the conclusion of the sale of the successor companies of the Power Holding Company of Nigeria (PHCN), Minister of State for Power, Hajiya Zainab Ibrahim Kuchi has said.
Speaking at the fifth power summit in Lagos yesterday's, Hajiya Kuchi
said the essence of the restructuring is to deal with the new and inevitable challenges in a manner that will place the ministry on a more focused and defined direction.
She said by 2013, "the industry is expected to be more private sector-driven, especially as we hope to witness the commissioning of many Independent Power Projects ( IPP)."
She sought for the cooperation of local and international development partners, in ensuring sustainability of supply along the electricity value chain.
Speaking, Permanent Secretary, Dr. Dere Awosika recalled that almost all the challenges that were identified at the previous summits this year had been addressed.
According to her, the ministry has successfully resolved the Power Holding Company of Nigeria PHCN) labour crisis and attained a new height of 5,500megawatt power generation.
She said the ministry has commenced the Manitoba Hydro International management of the Transition Company of Nigeria (TCN).