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National Grid – P/Harcourt Chamber woos investors to power sector

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Investors are to be shown investment opportunities that abound in the power sector in Rivers State, so said Mike Elechi, the president of the Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHCCIMA) according to a report by BusinessDay Nigeria

The opportunities are to be unveiled at an upcoming conference known as Power-to-Power in August 2022 in Port Harcourt, the state capital.

Elechi, a leader of the organised private sector (OPS) in Rivers State, told newsmen on Friday, July 8, 2022, that the aim was to woo investments into the various options of the power supply value chain, including the introduction of modular power plants as a means of providing adequate, affordable and sustainable power supply thereby solving the power problem in the state.

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The former permanent secretary in the ex-Governor Peter Odili’s administration disclosed that PHCCIMA, in partnership with Dorisdesmond Nigeria Limited (DDN), was organising the 3rd edition of the power-to-power summit, Africa’s premier sustainable energy platform to educate, dialogue and exchange ideas on energy efficiency, innovation and technology, renewable energy and other emerging issues affecting energy consumers.

“This year’s edition of the summit will gather Nigeria’s energy and petroleum sector leaders to define solutions and propel the industries through innovative thought leadership to industry excellence.”

He said the focus would be on exploiting business opportunities in the power industry.

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The OPS leader identified some of the key challenges facing the power sector as inadequate power generation capacity and distribution, ineffective legislation, poor collection rates, higher diesel price, inadequate transmission, and distribution infrastructure.

Read more energy news in Nigeria here.

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