Power supply will stabilise by the end 2018 when the electricity firms must have fully implemented their five- year turnaround business plan, the Group Managing Director, Aiteo Power, Dr Ransome Owan has said.
He said power firms took over the unbundled assets from the Power Holding Company of Nigeria (PHCN) on November 1, 2013, and as a result of this, have not spent two years generating and distributing electricity in. Nigeria.
He was optimistic that the power situation would normalise by the end 2018 in view of the efforts being made by the Federal Government to remove the problems hindering generation, transmission and distribution of electricity in the country.
He said electricity consumers in the country would enjoy soon, noting that they have been in darkness for sometime due to power outage. “I’ m optimistic that power would improve in the next three to five years. The government and the private sector operators have come to realise that power is key to economic development, and are working towards achieving stable power supply.