The price of gas to power plants in Nigeria may be increased in the nearest future and this may lead to a total review of electricity tariffs across the country, the Federal Government has said.
It said gas-to-power price may rise from its current $1.5 to $2m mbtu and this may affect the tariffs on electricity.
The Minister of Power, Prof. Chinedu Nebo, disclosed this to chief executives of power firms in Abuja on Thursday at the headquarters of the Nigerian Electricity Regulatory Commission during a facility tour.
Nebo's statement was prompted by complaints made by the power firms who were faced with huge revenue losses since the sector was privatised.
The minister said, 'There are private people who want to do gas too, and they are saying that if they can be assured of even $2 as opposed to $1.5, they will be able to develop their gas and make sure that it get to our Gencos.
No comments:
Post a Comment