Friday, May 29, 2026
31.6 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

Mutual Benefits Delivers Strong 2025 Financial Performance, Record Profit Growth, Balance Sheet Expansion

Mutual Benefits Assurance Plc has announced its audited financial...

Heirs Insurance Group Opens Entry for 5th Essay Championship with ₦11.5m Prizes for Students, Teachers, Schools

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, has opened...

NGX Seeks Cross-Listing Opportunities with Nairobi Securities Exchange

Alhaji (Dr) Umaru Kwairanga, Group Chairman, Nigerian Exchange Group...

NAICOM Issues First Insurtech Licence, Reinforcing Commitment to Innovation, Market Integrity

L-R: Mr. Suleiman Olalekan Ajani, MD/CEO, CBI Insurtech and...

NDIC Reiterates Commitment to Strong Deposit Insurance Funding to Enhance Financial System Stability

L – R: Executive Director, Corporate Services, Nigeria Deposit...

Topics

Leadway Group Launches Campaign to Showcase Robust Unified Retail Offerings to Nigerians

Leadway Group, Nigeria’s foremost non-banking financial services provider, has...

Visa Champions Women Entrepreneurs in Africa

Visa is launching She’s Next, Empowered by Visa, in Africa,...

AMCON Wins Award at FICAN 30th Anniversary Confab

L— R: Mr. Jude Chiedozie Nwauzor, Head, Corporate Communications...

AccorHotels: A Record Year of Growth, Development in Africa

Straight from the African Hotel Investment Forum (AHIF) in...

PenOp Appoints Anthonia Ifeanyi-Okoro as Chief Operating Officer

The Pension Fund Operators Association of Nigeria (PenOp) is...

Expanding Africa’s Insurance Sector

  By Mikir Shah CEO Africa Specialty Risks Africa’s insurance market is poised...
spot_img

Related Articles

Popular Categories

spot_imgspot_img