, Century Power Generation Company Limited Chief Executive Officer, Dr Chukwueloka Umeh, said at the weekend.
He added that the bane of the industry include lack of provision of the right infrastructure by the Federal Government, absence of policy directions for operators to follow and funding among others. He said stakeholders are, however, awaiting the government to take the lead in ensuring that the sector moves forward.
Umeh said: “The government agency should allow the DisCos to make money in order to make timely payments to the power generation companies for the gas supplied to them by the gas companies. Once the DisCos are allowed to make money to cover their investment, they would be able to solve metering and other problems facing them.”
He said: ”There is still a lot of excitement from banks and other private sector players when it comes to the issue of providing funds for the sector. There is still a level of excitement in the industry. This is not about the issue of whether the industry can work or not; the issue is that the industry would work because it is a matter of time once the necessary problems in the operating environment has been taken care, mostly by the government.
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