Thursday, April 2, 2026
27.1 C
Lagos

Nigeria Plans 2,000 MW Power Capacity in 2016

The Nigerian government has unveiled plans to install 2000 MW of additional power plants in the country this year. This was announced by the Minister of Power, Babatunde Raji Fashola in Abuja.

Fashola said: “It is possible. I believe we can do it if we can implement the right methodology”.

During budget defence of his ministry before the Senate Committee on Power and Mines, the Minister said the national power industry was undergoing changes that would gradually lead to its independence in the nearest future.

He added that a major part of the 2016 budget would be directed towards the completion of various on-going power projects in the country and also expansion of the national transmission grid.

At the recent COP 21 event, Nigeria made concerted efforts to inject additional 13,000 MW to its power capacity through off-grid power plants.

spot_img
spot_img
spot_img

Hot this week

Middle-East Crisis: How Tinubu’s Policy of Naira-for-Crude Guarantees Supply Security in Nigeria

By Temitope Ajayi President Bola Tinubu demonstrated foresight in July...

Truecaller Crosses 500m Users: Sets a New Global Standard for Trusted Communication

Truecaller, the leading global platform for safe and trusted...

Leadway Assurance to Champion Climate Risk Solutions at Africa Climate Insurance Symposium in Germany

Leadway Assurance, Nigeria’s leading insurance services provider, will participate...

BUA Foods Posts ₦1.77tn Revenue, Signals Confidence with ₦28 Dividend as Payout Jumps 115%

Nigeria’s leading food manufacturing company, BUA Foods Plc has...

Topics

China, France Create Joint €300M Fund to Invest in Africa

China and France announced on November 15 the official...

ITU Unveils New ‘Access to Information’ Policy

ITU has started the New Year by launching a...

 CBN Approves Stanbic IBTC’s Executive Management Promotions

Demola Sogunle Chief Executive Stanbic IBTC Holdings PLC The Central Bank of...

Business Journal Insurance Summit for Nov. 17

Alhaji Mohammed Kari, Commissioner for Insurance, National Insurance Commission...

Mutual Benefits Assurance Celebrates 22nd Anniversary

Mutual Benefits Assurance Group last weekend celebrated its 22nd...

PenCom Plans Pre-retirement Workshop for Prospective CPS Retirees

The National Pension Commission (PenCom) has concluded plans to...

AleP Urges Participation of Awba-Ofemili Indigenes @2022 Crusade

Indigenes of Awba-Ofemili in Awka-North Local Government Area of...
spot_img

Related Articles

Popular Categories

spot_imgspot_img