Governor Ademola Adeleke has described the passage into law of the Osun Electricity bill as a major tool to deepen and boost the economy of Osun state.

Reacting to the passage of the executive bill by the State House of Assembly, the Governor said the bill will open windows of opportunities for investors in the power sector with a lot of off-grid generation opportunities.

According to Governor Adeleke, sources of power generation will be diversified, opened up and regulated to address what he called a chronic power supply crisis rocking the state.

The Governor wrote:

Yesterday, I was delighted to receive the news of the passage of the Osun Electricity bill into law by the Osun State House of Assembly. As an executive bill, the Electricity Market law is a major tool that is aimed at deepening and boosting the economy of Osun State by opening windows of opportunities for investors in the power sector with a lot of off-grid generation opportunities.

For several years, our people have endured and made several complaints about the chronic power supply crisis. This bill, which will soon be signed into law, will provide the much-needed policy framework for the Osun State power sector that will help to diversify, open up, and regulate sources of power generation in Osun State.

The new law will ensure the right energy mix. Renewable energy will complement the traditional energy sources. Osun State is open to new energy sector investors.

Through the establishment of the State Electricity Regulatory Agency, the electricity market in the state will be monitored and regulated, as well as attend to service delivery issues by the distribution company.

The regulatory commission will be addressing critical issues relating to customer–service providers’ complaints. It will grant licenses to power generators, among others. The commission will not condone the current maltreatment of electricity users in the state.