The new structure is to be driven by the Presidential Action Committee on Power chaired by him, supported by a Presidential Task Force on Power.
This comes as a major impediment to the realisation of stable power supply in the country seems surmounted with the Federal Government’s approval of a new gas supply/purchase template for the gas-to-power domestic market.
Speaking in Abuja at the signing of an agreement for the supply of 65mmcft between the Egbin Power Generating Company, a subsidiary of the Power Holding Company of Nigeria (PHCN), and the Nigerian National Petroleum Corporation-Pan Ocean Joint Venture, Minister of Petroleum Diezani Alison-Madueke said the gas supply/purchase agreement would serve as format for all gas transactions in the domestic gas to power market.
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