Nigeria’s coal to power initiative to get boost from Poland, Investors’ arrival assured

The Minister of Power, Chinedu Nebo has assured genuine Polish investors of space in the nation’s fledgling coal to power initiative, insisting that the country requires serious companies to invest in the sector.

Speaking in his office when he received the visiting Polish envoy, Przemyslaw Niesiolowski, the Minister reminded his visitor that the issue of coal to power was at the front burner of a recent mining summit which was presided over by President Goodluck Jonathan.

He said, ‘the abundant coal resources which Nigeria is endowed must be fully utilized’. Adding, this is the reason behind the deep commitment of Mr. President. He opined that with clean coal technology available now, little or no emission is expected from coal to power.

‘The Nigerian Government, he said is ready to concession large acreage of coal deposits for genuine Polish companies that can guarantee yields for between 25 to 30 years to serve as supply to the proposed power plant’.

“Such companies must have firm coal muscle, technical competence and the willingness to invest in terms of Real Direct Investment on the part of Government. Policy frameworks will be consistent, just as Government is expected to back-up efforts through sovereign wealth – partial guarantee,” he stated.

The Minister indicated that coal is a good source of alternative energy and noted that more than ever before Nigeria is determined to have a strong energy plan for its national security.

The Polish Ambassador to Nigeria, Przem Yslaw Niesiolowski in his address informed the Minister that his visit followed the discussion arrived from the visit of the Polish Prime Minister, Donald Tusk in April to Nigeria. He explained that after the visit, many Polish Businessmen developed interest in Nigeria’s coal to power and other renewable projects.

Przem Niesiolowski on the outcome of his meeting with the Minister said that the visit helped to confirm Poland’s assessment of the magnitude of energy required in Nigeria; stressing that it also exposed the commitment of  Nigeria’s Government to setting things right.

He assured that with all the infrastructures ready, the Polish investors will come and invest. Adding, Poland desires to work with Nigeria in the production of energy to enhance the country’s energy sector.

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