Thursday, June 11, 2026
29.4 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

Sim Tshabalala Leads Standard Bank Delegation on Courtesy Visit to South African High Commissioner to Nigeria

Sim Tshabalala, Chief Executive Officer of Standard Bank Group,...

Africa’s Largest Bank, Standard Group, Backs Dangote Refinery IPO

Africa’s largest financial institution, Standard Bank Group, the parent...

CBN Chief, Yemi Cardoso, Formally Receives Central Bank of the Year Award

Governor of the Central Bank of Nigeria (CBN), Mr....

Heirs Insurance: 3m Policyholders in 5 Years of Industry Transformation

Heirs Insurance Group says it has recorded over three...

Universal Insurance CEO, Jeff Duru, Chairs SUPERNEWS Confab 2026, as Idu Okeahialam Delivers Keynote Paper

SUPERNEWS Nigeria has announced the Managing Director/Chief Executive Officer of...

Topics

Interswitch Group, LASG Partner to Revolutionise Healthcare with Lagos SHIP

L-R: Dr. Cherry Eromosele Executive Vice President & Group Marketing...

Facebook CyberXchange Hackathon Berths in Nigeria

First ever CyberXchange Hackathon sponsored by Facebook to touch...

Seplat Energy Achieves $537m Dividend Milestone for Shareholders

  Having approved its final dividend of 7.5 cents per...

NLNG Rebrands The Nigeria Prizes with New Visual Identities

L–R: Dr. Sophia Horsfall, GM, External Relations & Sustainable Development,...

‘Reappointment of OPEC Scribe, Barkindo, a Factor of Stability for Global Oil Markets’

The African Energy Chamber (EnergyChamber.org) salutes the re-appointment of H.E....

New Energy Solar Redefines Solar Installation Business in Nigeria

With many years of experience as a Solar energy...

Savannah Energy Reports H1 2024 Result with 3% Rise in Nigerian Production

Savannah Energy Plc, the British independent energy company focused...

Ibru Varsity Pro-Chancellor, Anthony Kila, to Chair Business Journal Annual Lecture 2025

Professor Anthony Kila, Pro-Chancellor, Michael & Cecilia Ibru University,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img