FG to give coal sites to serious Gencos for improved power generation

Determined to improve power generation in the country, the Federal Government on Monday said it is set to make coal sites available to serious- minded power companies operating in the country.
Kayode Fayemi, who is the minister of mines and steel development, stated this in Tarfa, Kaduna State during a facility tour of the African Steel Mill Complex, where he kick- started his tour of mine fields across the country, according to a statement released by Olayinka Oyebode, his special assistant on media.
The minister, who confirmed numerous requests for coal sites by many business concerns and operators in the sector, said the Federal Government’s main priority for now is how to use its coal to aid power generation in the country.
Consequently, he said, the ministry would give priority to committed power companies as far as coal sites are concerned.
“We want to package our coal for use in power generation. We will give coal sites to serious-minded power companies,” Fayemi said.
The Minister, who stressed the importance of power to the development of the critical sector of the economy, said the ministry, in collaboration with the ministry of power, works and housing, would encourage power companies with demonstrated commitment to secure coal sites to boost power generation.
Fayemi, who decried the high cost of steel products in the country, urged steel manufacturing companies to consider reducing the cost of the their products, following the availability of foreign exchange in the country at the moment through persistent government efforts.
He also urged them to scale up their capacity and take advantage of the huge steel market in the country, assuring them of government support for their growth.