The Port Harcourt Chamber of Commerce, Industry, Mines & Agriculture (PHCCIMA) in collaboration with other partners is set to convene the 2022 “power-to-power” summit to find solution to the epileptic power supply in Nigeria.
Briefing the press in Port Harcourt over the weekend, the PHCCIMA President, Eze (Sir) Mike Elechi (NPOM) informed that this years edition of the series with the theme “Exploiting Business Opportunities In The Power Industry” is scheduled to hold at the Royal Banquet Hall of the Hotel Presidential in Port Harcourt between Thursday 11th and 12th August, 2022.
The Port Harcourt Chamber of commerce, Industry, Mines & Agriculture disclosed that they seeks to provide solution for the availability of sufficient and sustainable power supply which they noted, is key to the development of small and medium scale industries.
They disclosed further that the discussion at the summit will centre mainly on the power sector untapped business potentials, Rethinking Global Consumption; production and distribution; investments in the Nigerian power sector as well as the opportunities and responsibilities with sustainable investing in the electricity industry.
Others include innovation and technology in the power industry; integrating cities, customers and technology; investment in Nigeria power sector and exploring Renewable energy options.
PHCCIMA identified some of the key challenges facing the industry to include inadequate power generation capacity; distribution; ineffective legislation; poor collection rates; high cost of diesel; inadequate transmission and distribution infrastructure.
The body also observed that as a result of the shortcomings in the sector, Nigerians have resorted to empowering themselves at various levels in different ways.
They further disclosed that this year’s session of the summit is aimed at proffering solutions to these challenges as well as to accentuate the state government’s commitment in collaborating with the private sector in tackling the hydra-headed power challenges with the view of providing adequate power supply in promoting higher productivity in the state and beyond.
PHCCCIMA as the leader of the organized private sector used the opportunity to advocate for a public, private partnership (PPP) to woo investments into the various options of power supply including introduction of Modular Power Plants (MPP) as a means of providing adequate, affordable and sustainable power supply to feed the nation.
Engr. Sylvanus Kingston, M/D-CEO DORISDESMOND Nig Ltd and principal partner of the summit; Engr. Tony Nwogbo, chairman, power & Energy Trade Group and Engr. Uche Onochie, M/D Madison Energy Ltd who were at the high table all gave their solidarity speeches.
