Osun State governor, Senator Ademola Adeleke, has disclosed plans by his administration to develop a plan of action for the making of Osun State Electricity Market Policy and Legislation.
He said this following a recent signing into law by the Federal Government a constitutional amendment empowering state governments to regulate electricity market within their boundaries.
Governor Adeleke in a statement, on Monday, directed the setting up of a technical committee to prepare the state policy plan on the management of state power sector.
He stated in the statement by his spokesperson, Mallam Olawale Rasheed, that the committee will come up with a detailed plan to create Osun State Electricity Market Policy.
He also disclosed that the committee would also come up with a draft Executive Bill to be named the Osun Electricity Act.
“The new policy will also include creation of Osun State Electricity Regulatory Commission to issue licences to private firms ready to engage in power production.
“It will 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 was stated in the statement.
According to the statement, the plan is to electrify Osun programmes to ensure that all towns and villages in the state are provided with power supply from mini-dams to other sources of energy.
Governor Adeleke therefore promised to inaugurate the committee on the state electricity market soon.
He also expressed the intention of his administration to seek the support of the National Electricity Regulatory Commission (NERC) on the state electricity market plans.
He also informed that he will soon submit some Executive Bills to the legislature, including the Osun State Startup Bill, the Osun State Climate Action Bill and the State Electricity Market Bill.
