Skip to main content

Patrice Talon: ECOWAS inaugurates regional electricity market to tackle power challenge

ECOWAS inaugurates Regional Centre for Disease Control in Abuja

President of Benin, Mr Patrice Talon, represented by the Senior Minister of Planning and Development, Mr Abdulahi Tchiane, officially inaugurated the project.

The Economic Community of West African States (ECOWAS) on Friday inaugurated its Regional Electricity Market to address power challenges and fast track efficient cross-border electricity trade among member states.

President of Benin, Mr Patrice Talon, represented by the Senior Minister of Planning and Development, Mr Abdulahi Tchiane, officially inaugurated the project.

He said that the measure would go a long way in ensuring steady integrated power supply among member states.

The News Agency of Nigeria (NAN) reports that the official launch was preceded by series of meetings by experts and Ministers of Energy from ECOWAS Member States  to review and adopt a document for the take off of the regional electricity market.

Talon said that the inauguration of the project was a realisation of the founding fathers of ECOWAS and would help boost economic integration and development in the sub region.

“The inauguration of this project is very historic and it will also help our economic integration and development in ECOWAS, ” he said.

Earlier, Nigeria’s Minister of State for Power, Works and Housing, Mr Suleiman Hassan told NAN that the project would help solve some of the power challenges in the sub region.

He said that Nigeria as a major player in the electricity market would be fully involved in the implementation of the project.

“The setting up of the regional electricity market will help solve the problem of unequal distribution of energy resources between member states,

“It would also bridge the gap between supply and demand for electricity,

“In the long run, the regional integration of the West African Electricity sector into a unified market will enable the population of ECOWAS benefit from a more reliable and affordable electricity supply, ” he said.

The Regional Electricity Market is being coordinated, managed and regulated by the ECOWAS Regional Electricity Regulatory Authority (ERERA) and the West African Power Pool (WAPP).

The Regional Electricity Market is planned in three phases with the first phase being transitional for two years while the second phase kick starts by 2020 with a competitive market.

The third phase is a long term vision dependent on the availability of adequate regional transmission capacity and enough generation reserve in member States.

ridoola.blogspot.com.ng

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Okpebholo suspends A-G & LG Chair under 3 months over finance dealings

The Edo Government has announced the suspension of Samson Osagie , its Attorney-General and Commissioner for Justice, and Damian Lawani , chairman of the Local Government Service Commission. Mr Musa Ikhilor , Secretary to the State Government (SSG) announced the suspension in a statement in Benin on Thursday morning. ALSO READ: Kano Govt suspend 2 school principals for alleged absenteeism, negligence Ikhilor said the two-state top officials were suspended over allegations of “grave official and financial interactions”. Okpebholo suspends Edo Attorney-General and LG Service Commission Chairman According to him, the suspension, which takes immediate effect, is pending the conclusion of an investigation into the allegations. The SSG said; It is hereby announced for the information of the general public that Gov. Monday Okpebholo has approved the suspension from office of the Chairman of Edo Local Government Service Commission, Damian Lawani and Commissioner for Justice, Samson Os...
Post a Comment
Read more

List of America's one-term presidents & why they were not re-elected

U.S. President Joe Biden becomes the most recent entrant in a list of president who served for only one term. U.S. President Joe Biden announced that he would not be seeking re-election for a second term in the November 5, 2024 elections. Biden, in a statement said that he would be focused on completing his remaining term, endorsing his Vice President Kamala Harris as his most preferred nominee for the Democratic Party to take on former President Donald Trump. Joe Biden endorses Kamala Harris as Democrats' candidate after withdrawing from race [X:@JoeBiden] Biden now joins a list of former U.S. Presidents that only served for one term. John Adams (1797-1801) The second president of the United States, John Adams was a Founding Father who faced significant challenges during his presidency, including conflicts with political adversaries and foreign nations. His support for the Alien and Sedition Acts, perceived as a violation of civil liberties, contributed to his unpopulari...
Post a Comment
Read more

Tinubu appoints MKO Abiola's son, Jamiu as SSA on Linguistics & Foreign Matters

President Bola Tinubu has appointed Jamiu Abiola as the Senior Special Assistant to the President on Linguistics and Foreign Matters. The appointee is one of the children of the late Chief Moshood Kolawole Abiola , the winner of the 1993 presidential election annulled by General Ibrahim Babangida . According to a statement by Segun Imohiosen , the Director of Information and Public Relations, Office of the Secretary to the Government of the Federation on Wednesday, November 27, 2024, Jamiu's appointment took effect from November 14, 2024. Imohiosen said the appointment aligns with the provisions of the Certain Political and Judicial Office Holders (Salaries and Allowances, etc) Act 2008, as amended. Until his recent deployment, the appointee served as the Special Assistant to the President of Special Duties in the office of the Vice President. Tinubu tasked Jamiu to work closely with the Federal Ministry of Foreign Affairs and bring his wealth of experience to bear in his new ...
Post a Comment
Read more