Thursday, May 21, 2026
31.4 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
spot_img

Hot this week

Nnamdi Azikiwe University Students Clinch ₦5m Top Prize at Heirs Insurance Hackathon Competition

Winners of the 2026 Heirs Insurance Hackathon from Nnamdi...

Leadway Assurance Claims Payout of N137bn in 2025 Reinforces Market Leadership, Customer Trust

Against the backdrop of a challenging yet progressively stabilising...

AIICO Deepens Commitment to Education, Capacity Development with Upgrade of CIFM Learning Hall

AIICO Insurance Plc, one of Nigeria’s leading insurance and...

Repton GMD Underlines Diligence, Determination in Goal Realisation

L-R: Otunba Odeyeyiwa Kazeem Olayemi, GMD/CEO Repton Group, Keynote...

CIG Motors: Pay ₦3m For a Brand New Car in May Splash Promo on Electric, Petrol Vehicles

New campaign introduces EasyPay auto-financing, major discounts and nationwide...

Topics

SEC, NGX Group Reinforce Commitment to Capital Market Digital Transformation

The Securities and Exchange Commission (SEC) and Nigerian Exchange...

Ecobank: How Banks, Telcos, FinTechs, Regulators Can Grow Economy

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has advocated...

Sovereign Trust Insurance Reaches Final of NCRIB Tennis Tournament

L-R: Adepoju Aderounmu, Manager, Banking Operations, Sovereign Trust Insurance...

The CIIN 52nd AGM in Lagos

The 52nd Annual General Meeting (AGM) of the Chartered...

Seplat: Fabian Ajogwu Exits Board, Decries External Influence

Apparently displeased by the concerted efforts by some forces...

Apple Eyes 4,000 Indian Experts to Boost Maps Service

Apple has opened a new office in Hyderabad that...

Nigerian Insurers Must Inculcate COVID-19 Experience in Transactions

Mr. O.S. Thomas Commissioner for Insurance National Insurance Commission (NAICOM) Mr. O....
spot_img

Related Articles

Popular Categories

spot_imgspot_img