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PowerCap rallies power sector’s stakeholders, investors to Lagos

PowerCap is rallying stakeholders and investors to a round table in Lagos to brainstorm on sustainable gaps resolutions  in the Nigeria’s Power Sector

According to the chief executive officer, PowerCap, Mr Abiodun Ogunleye, PowerSolutions conferences, unlike others, are focused strictly on Electricity Power and the issues impairing achievements in the sector. 

Scheduled for July 19-20, 2023, this year’s conference, Ogunleye stated, will among others focus on the newly signed Electricity Act, Right Operating Environment: State Government and creation of New Markets Power, Generation: Making more capacity available, Transmission & Distribution: Maintaining Network infrastructure to enhance sustainable grid, Retailing: Challenges with Creating a wholesome experience for customers while reducing losses.

Others are Energy Consumption & Management: Cases in Loss Reduction implementation Digitalisation: Optimising KYC projects for sustainable loss reduction and more accurate energy accounting as. Well as overcoming Gas Constraints/inhibitors.

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ENERGY TIMES reports that the keynote speaker is the Lagos state governor, Mr Babajide Sanwo-olu.

“The detailed nature of the management requirement for all sector activities presents a window for quick wins where operators really want to make it work. PowerSolutions Conference would bring participants together and typically be a platform for cross fertilization of ideas and sharing of learning points to ensure Nigeria is able to improve Energy access and duration of stable supply to meet the needs of homes, industries and other users”, he stated 

Ogunleye noted that primary need for the event arises from the mirage of questions on issues that seems to dele all existing resolutions routes/strategies which is far from the expectations of the Sector’s Reform and Privatisation Exercise. The sector has also witnessed continuous modications to its policies, objectives and guiding laws. 

“Today, there are challenges with respect to the routes to resolving the sector’s fundamentals and operators are faced with making decisions on the strategy for; grid development, assuring sustainable cash flow and tariff plans, best route to ensuring suitable capacity addition that is commensurate to the development aspirations of our Nation.

“Lastly, the conference has historically helped in resetting the sector policy actions and initiating solutions as participants are allowed the opportunity to make appropriate inputs into the resolution of challenges identified in each area”, Ogunleye stated

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