The announcement was made following a meeting between the Director General of the Infrastructure Concession Regulatory Commission (ICRC), Dr. Jobson Oseodion Ewalefoh, and the Minister of Power, Chief Adebayo A. Adelabu, in Abuja on Tuesday, November 12.
Dr. Ewalefoh emphasised the crucial role of private sector involvement in the revitalisation of the power sector.
“The investment required in power is very huge and government cannot fund it alone, so we have to leverage on the financing capacity of the private sector. That is why the ICRC was set up to regulate this leverage,” he said.
