Osun State Governor, Senator Ademola Adeleke has directed the setting up of a technical committee to prepare a state policy plan on the management of the state’s power sector.
In a statement signed by his spokesperson, Mallam Olawale Rasheed, the governor said the State will soon expose a plan of action for Osun State Electricity Market policy and an enabling law.
The statement is coming on the heels of the signing into law by President Bola Tinubu, a constitutional amendment which empowers state governments to regulate electricity market within their boundaries.
He said the committee will come up with a detailed plan to create Osun State Electricity Market Policy and a draft Executive bill to be named Osun Electricity Act.
According to the governor, “the new policy will also include the creation of Osun State Electricity Regulatory Commission to issue licences to private firms that are 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”,the statement said.
Other part of the proposal is to ensure all towns and villages in Osun state are provided with power supply from mini-dams to other sources of energy.
Governor Adeleke who promised to inaugurate the committee soon, 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 promised to submit Executive bills to the legislature soon, saying the bill will include the Osun State Startup Bill the Osun State Climate Action Bill and the State Electricity Market Bill.
