ADVERTISEMENT

Power supply: 945MW to be added to grid before year end — Fashola

Fashola said this at the Nigeria-South Africa Chamber of Commerce breakfast business meeting in Lagos themed: “Power Sector and the Way Forward’’.

Minister of Power, Works, and Housing, Babatunde Fashola

Fashola said this at the Nigeria-South Africa Chamber of Commerce breakfast business meeting in Lagos themed: “Power Sector and the Way Forward’’.

He said that additional power would be generated to the grid from 450 mw Azura Edo plant, 215 mw Kaduna power plant, 240 mw Afam V power plant and 40mw Kashimbilla hydro plant in Taraba State.

According to him, the power sector has recorded successful improvement in incremental power capacity in generation, transmission and distribution.

ADVERTISEMENT

“The country power generation, which stood at 4,000 megawatts when we came on board, but today, it has been increased to 7,000 megawatts.

“In 2015, energy transmission was 5,000mw while distribution was at 3,000mw but as at today, we are distributing 5,000 mw on average with 2,000 megawatts stranded.

“We are currently adding an average of 1,000 mw of energy yearly to the national grid which implies that we have added about 3,000 mw to the generation since we came on board,’’ he said.

Fashola said the statistics implied that 2,000 mw was stranded and must be evacuated for use as more power will be generated in the years to come.

He said that government had committed to invest N72 billion for the procurement and installation of equipment to help distribute unused 2,000 mw of electricity to consumers in the country.

ADVERTISEMENT

He said the 2,000 mw was from the 7,000 mw that Gencos could generate and the 5,000 mw that Discos could distribute.

According to the minster, the Discos have complained about inadequate power to distribute.

Fashola, however, said the problem presently was that the Discos could not distribute all the power that was available.

This, he explained, was leaving the sector with an unused capacity of 2,000 mws, with an approximately 1,150 mw projected to come in 2018 and 2019 respectively.

He said that more Independent Power Projects (IPPs) would also come on stream to boost power supply in the country.

ADVERTISEMENT

He said that government is also targeting powering some markets, Nigerian universities and hospitals through the IPP.

According to him, all these power plants do not involve the mini grids and solar systems that are coming.

Fashola said the narrative must change from not enough power to how unutilised power could be distributed.

He said that the sector had made progress on power generation and transmission, adding that distribution issues would also be cleared soon.

“The assurance guarantee brought confidence to power production business, which resulted to increased power production which took us to all-time high of 7,000mw power availability.”

ADVERTISEMENT

“However, grid supplied power peaked at all-time high of 5,155 MW in December 2017,’’ he added.

In his remark, Dr Oba Otudeko, Chairman of the occasion, lauded Fashola over the success recorded in improving the country’s power generation and distribution, adding that there is room for improvement.

Otudeko, who is also the live patron of the Nigeria-South Africa Chamber of Commerce, said “this is the most successful and achieved bilateral chamber of commerce in Nigeria.

He said that the volume of trade between Nigeria and South Africa rose to N1.6 trillion in 2016.

‘’Trade between the two countries has increased steadily. It has increased exponentially which is commendable.

ADVERTISEMENT

‘’Nigeria presents a huge market with a population of over 170 million people and vast resources, while South Africa presents the technical know-how in developing industries,’’ he said.

Enhance Your Pulse News Experience!

Get rewards worth up to $20 when selected to participate in our exclusive focus group. Your input will help us to make informed decisions that align with your needs and preferences.

I've got feedback!

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Ijaw group condemns campaign of calumny against military over Okuama killings

Ijaw group condemns campaign of calumny against military over Okuama killings

APC declares Ondo governorship primary election inconclusive

APC declares Ondo governorship primary election inconclusive

Igbo group hails 'patriotic' Dangote for reducing diesel price to ₦1,000/litre

Igbo group hails 'patriotic' Dangote for reducing diesel price to ₦1,000/litre

Gunmen kidnap RCCG pastor, 14 other passengers in Oyo, police to investigate

Gunmen kidnap RCCG pastor, 14 other passengers in Oyo, police to investigate

Civil servant who earned ₦1m from farming in 2023 urges colleagues to diversify

Civil servant who earned ₦1m from farming in 2023 urges colleagues to diversify

US unveils global food security strategy plan for Nigeria

US unveils global food security strategy plan for Nigeria

Tunde Onakoya raises over ₦131m after playing chess for 60 hours to set world record

Tunde Onakoya raises over ₦131m after playing chess for 60 hours to set world record

Unsatisfied customer shows up at restaurant with a bomb — that escalated quickly

Unsatisfied customer shows up at restaurant with a bomb — that escalated quickly

Reno Omokri offers Obi supporters $10k - nobody has won over 24 hours after

Reno Omokri offers Obi supporters $10k - nobody has won over 24 hours after

Pulse Sports

Lionel Messi's son breaks the internet after scoring five goals for Inter Miami

Lionel Messi's son breaks the internet after scoring five goals for Inter Miami

Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe

Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe

Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024

Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024

ADVERTISEMENT
ADVERTISEMENT