Umeh: FG Must Encourage Competition in Power Sector


The Chief Executive Officer, Century Power Generation, Chukwueloka Umeh, in this interview with Jonathan Eze, advises the country against supporting nuclear plants. He also speaks on other issues in the power sector. Excerpts:

Do you think the unbundling of the power sector was a mistake by the government as Nigerians are yet to reap the benefits?

The government did a very good job in unbundling the industry. However, these licensees will profit from the government deregulating the market even more. Think about it. You already own the assets. All you need to do is optimise your asset. Invest money to optimise your market to your assets. And with that investment, you will be able to make more money at the end of the day. Even though competition is coming, you’ll still be able to make money and I said to private companies today they’re currently issued. Currently, there’s no competition. We are all partners right now because we’re seeing that…

Source: Thisday Newspaper