{"id":12359,"date":"2022-02-19T08:47:34","date_gmt":"2022-02-19T08:47:34","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=12359"},"modified":"2022-02-19T08:47:34","modified_gmt":"2022-02-19T08:47:34","slug":"fg-working-on-reforms-to-ensure-stable-power-supply-nbet","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2022\/02\/19\/fg-working-on-reforms-to-ensure-stable-power-supply-nbet\/","title":{"rendered":"FG working on reforms to ensure stable power supply \u2013 NBET"},"content":{"rendered":"<div dir=\"auto\">The Managing Director of the <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2021\/12\/09\/electricity-consumer-group-seeks-forensic-audit-of-discos-following-employee-recent-strike\/\">Nigerian Bulk Electricity Trading Company (NBET)<\/a>, Mr Nnaemeka Ewelukwa, on Friday said that the Federal Government is putting reforms in place to ensure stable power supply in the country.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Ewelukwa made this known at a Capacity-Building Workshop for members of the Power Correspondents Association of Nigeria (PCAN) and Civil Society Organisations in Lagos.<\/div>\n<div dir=\"auto\">\n<div dir=\"auto\">\n<div dir=\"auto\">\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The workshop, with the theme \u201cBuilding knowledge and Plugging Skills Gap in Power Sector Reporting\u201d, indicates a worrisome mismatch that government wants to plug.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">He said that the critical reforms that the government has embarked upon are designed to sustain the financial status of the market, ensure technical capacity to remove the deficit in supply to meet the demand of the country.\u201d<\/div>\n<div dir=\"auto\">\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">According to him, the Federal Government has begun the implementation of the transmission expansion plan which works in sync with the government\/Siemens Presidential Power Initiative \u2013 with phase one \u2013 (7,000mw), phase two \u2013 (11,000mw) and phase three (25,000mw) supply.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Ewelukwa said \u201cthis government is keen to implement these reforms. To be honest with you, we are having sleepless nights to achieve these.\u201d<\/div>\n<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">He said that government plans to keep expanding generation, transmission and distribution capacity to meet the country\u2019s demand.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\n<p>According to him, the distribution companies are also improving their performances and facilities to ensure improved power supply.<\/p>\n<\/div>\n<div dir=\"auto\">Explaining NBET\u2019s function in the Transition Electricity Based Market, he said the design is to temporary bridge in the electricity market.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">He said that NBET has a long-term role to drive market competition by ensuring that it is moved from a government-centered market to a private-sector driven electricity market.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u201cWe are enthusiastically looking at the point when we will actually start the innovation process of handing over the Power Purchase Agreements we signed to distribution licencees and eligible customers as the case may be,\u201d he said.<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Managing Director of the Nigerian Bulk Electricity Trading Company (NBET), Mr Nnaemeka Ewelukwa, on Friday said that the Federal Government is putting reforms in place to ensure stable power supply in the country. Ewelukwa made this known at a Capacity-Building Workshop for members of the Power Correspondents Association of Nigeria (PCAN) and Civil Society [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":12414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[7],"tags":[2749,181,3248],"class_list":["post-12359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-electricity-distribution-company","tag-federal-government","tag-nigerian-bulk-electricity-trading-company"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FG working on reforms to ensure stable power supply \u2013 NBET &#187; BROAD NEWS \u2014 WITHIN NIGERIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/02\/19\/fg-working-on-reforms-to-ensure-stable-power-supply-nbet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FG working on reforms to ensure stable power supply \u2013 NBET\" \/>\n<meta property=\"og:description\" content=\"The Managing Director of the Nigerian Bulk Electricity Trading Company (NBET), Mr Nnaemeka Ewelukwa, on Friday said that the Federal Government is putting reforms in place to ensure stable power supply in the country. 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