Chinedu Nebo, the minister of power, dropped the hint in Abuja as he further reiterated government’s interest in developing the country’s vast coal resources for power generation.
The quantity of coal deposit in Nigeria could provide electricity for the nation for the next 20 to 30 years, the Federal Government has said.
Nebo while receiving the Zuma Energy Group led by its chairman, Innocent Ezuma, who paid him a courtesy visit in his office, said that when fully explored, the coal to power initiative would increase the country’s power generation capacity, and assist in overcoming the current epileptic power supply.
According to him, the President Goodluck Jonathan’s administration is passionate about the coal-power project as “Nigeria cannot depend solely on the thermal and hydro sources of power”.
The minister gave the assurance that the government would put in place a suitable framework for the power purchase agreement (PPA) and partial risk guarantee (PRG).
He said African Development Bank (AfBD) had indicated interest in the provision of PRG for the coal to power project.
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