24 January 2015, Sweetcrude, Lagos – Minister of Power, Prof. Chinedu Nebo has described the planned injection of 250MWinto the national grid by Missouri American Energy, USA, as a great and feasible feat, noting that with the reduced amount needed for the project, when compared with larger power projects, it would provide energy quicker and boost the provision of power nation-wide.
Prof. Nebo who was speaking at the signing ceremony of Memorandum of Understanding, MoU, between the Company and the Government, said, “We are desirous of access to power, that is, Nigerians are hungry for its supply, as such, ready to swallow any amount of energy offered to us.”
According to him, the Company’s citing of the gas-fired plant in Rivers State, a hub for gas was a welcome development, as it would eliminate the threat of vandalism to its plant given the people’s receptive attitude towards public assets.
The Minister called for investment in such smaller quantum to enable the country quickly realize its vision of “access to power-for-all” and further advised the Company to cash-in on the provisions of the Africa Power Initiative of President Obama as well as liaise with General Electric, GE, for the purpose of firming up a buy-in into its recently launched sponsorship programme for investors in the power sector.
He reiterated his team’s dogged passion in the actualization of the power sector’s vision of “electricity for all Nigerians in the shortest possible time”, and assured the Company and other would-be investors of every necessary support in the realization of their goals for the sector.
Earlier, the President and Chief Executive Officer of Missouri American Energy, USA, Hon. Henry Iwenofu had called for Government’s collaboration in facilitating the execution of the 1st phase of its project in the country adding that the consortium is already discussing with development partners with the view to ensuring seamless execution of other phases of the project.