Osun State Governor, Ademola Adeleke, has unveiled plans by his administration to develop a plan of action for Osun State electricity market policy and legislation.
The governor made the disclosure while commenting on the recent signing into law of a constitutional amendment empowering state governments to regulate the electricity market within their boundaries.
Adeleke, in a statement by his spokesperson, Olawale Rasheed, on Monday, directed the setting up of a technical committee to prepare the state policy plan on the management of the state power sector.
He noted that the committee is to come up with a detailed plan to create the Osun State Electricity Market Policy and a draft executive bill to be named the Osun Electricity Act.
The statement read, “The new policy will also include the creation of Osun State Electricity Regulatory Commission to issue licences to private firms ready to engage in power production and regulate interface among operators within the power sector from the power generators, distributors and the consumers.
“The planned policy will also facilitate private sector investment in the state electricity sector, encourage alternative energy sources, from renewable to other green power sources.”
It noted that another part of the plan is to electrify Osun programmes to ensure all towns and villages in Osun are provided with power supply from mini-dams to other sources of energy.
“The governor, who promised to inaugurate the committee soon, also expressed the intention of his administration to seek the support of the National Electricity Regulatory Commission on the state electricity market plans,” the statement added.
