Abuja workshop considers power sector reform

27/09/2011 - Abuja property & investment news Posted by Neil King
Abuja workshop considers power sector reform

A two-day stakeholders' workshop in Abuja last week sought to draft plans for reforms to Nigeria's power industry.Under plans put forward by the Nigerian Electricity Regulatory Commission (NERC), the acquisition of land and property for power projects must be more effectively controlled.This, argues Dr Sam Amadi, chairman and chief executive of the NERC, will in turn support land owners and private investors.The Nation reported him as saying on the opening day of the event: "The regulations are aimed to clarify and articulate principles and procedures governing acquisition of land."Other aspects of the draft focuses on access rights for power projects and it addresses the issue of ensuring that people do not suffer as a result of a project that is built in their area. This could even cover compensation rites to the affected residents.According to the news provider, compulsory acquisition of land would be a last resort and any cancellation of the purchase by an investor would lead to a possible fine.