The meeting was presided over by Vice President Namadi Sambo at the Presidential Villa, Abuja.
He said that the power agenda of the Federal Government was on course, stressing that with the strong will of President Goodluck Jonathan, the challenges in the sector would be tackled once and for all.
"What I can say is that yes we are forging ahead, the power agenda is on course and we intend, by the grace of God, to make Nigerians much happy as soon as possible.
"The problems are very enormous, very challenging, but we have the will, we have the dexterity, we have the support of Mr President, who is very keen on ensuring that the power sector issue is put behind us.
"So, I do believe that things are happening. For instance, in the past couple of months, we have been able not only to generate but also put within the system the transmission much more power than in the past.
"We are continuing with that gradual growth and hopefully, when the whole issue of power transmission is addressed, there will be a sporadic increase in the amount of power available to our people.''
Nebo noted that issues relating to NDPHC and National Integrated Power Projects (NIPP) would receive further attention at the next meeting of the board.
According to him, transmitting the power already generated has been the major problem in the power sector.
"With regards to generation, Nigeria is moving ahead by leaps and bounds.
"What we have as a problem that is very significant is the transmission - to be able to evacuate what is being generated - and what we anticipate will be an addition to the grid towards the end of the year.
"We are working on that and today's meeting is addressing some of those issues."
Gov. Gabriel Suswan of Benue, who also spoke to the correspondents on the outcome of the meeting, said the board would come up with an update on the power issue regarding NIPP projects.
Gov. Emmanuel Uduaghan of Delta, who also attended the meeting, told the correspondents that all was being done to ensure that the transformation of the power sector was successful within a short time.