Tuesday, May 5, 2026
26.5 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

Stanbic IBTC Bank PMI: Business Activity Continues to Rise, But Higher Fuel Costs Limit Growth

The Nigerian private sector remained in growth territory at...

Niger Delta Economic & Investment Summit 2026: Fubara, Stakeholders Discuss Strategies in PH

The Executive Governor of Rivers State, Sir Sim Fubara...

NGX Shareholders Commend Leadership at 65th AGM, Seeks Continued Growth

Shareholders of Nigerian Exchange Group Plc (NGX Group) have...

Sovereign Trust Insurance Set for Market Leadership via N5bn Rights Issue

Sovereign Trust Insurance Plc has completed the structuring phase...

All Set for Ecobank 2026 National Schools’ Team Chess Championship

L–R: Austen Osokpor, Head, Marketing and Corporate Communications, Ecobank...

Topics

Daily Economy to Mark 2nd Anniversary with Insurance Book Launch

Daily Economy Concept, the Publisher of Daily Economy, a...

WIMBIZ Co-Founder Charges Olashore School Graduates on Excellence

The Co-Founder of Women in Business, Management, and Public...

Leadway Assurance: LOLA Virtual Assistant to Optimise Customer Engagement

In its mission to elevate premium service provision through...

MY VIEW:   It’s Time to Address the Issues!

By Haniel Ukpaukure In the next five months or so,...

Fidelity Bank Chairman, Chike-Obi Honoured with Lifetime Achievement Award

For his exceptional leadership and contributions to banking and...

NCC Pays Courtesy Visit to NCA in Ghana

L-R: Executive Vice Chairman/ Chief Executive Officer, Nigerian Communications...

Linkage Assurance Unveils Motor Third Party Plus Variants to Enhance Customer Experience

L-R: Humphrey Ozegbe, Chief Human Capital Officer/Head, Management Services;...
spot_img

Related Articles

Popular Categories

spot_imgspot_img