Thursday, December 4, 2025
26.2 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 Capital Clinches 4 Top Honours at AIHN Investment Banking Awards 2025

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings,...

Emirates Gets African Travel Gold Award as Nigeria Launches “Culture Meter Index”

Paulos Legesse, Emirates Nigeria Country Manager welcoming welcoming the...

Fidelity Bank Receives Customs Service Award for Pioneering Role in UCMS Implementation

L – R: Head, Central Collections Unit, Olaide Adeyemo;...

SanlamAllianz Nigeria Wins .NG Insurance Website of the Year 2025

SanlamAllianz Nigeria's website/portal, www.sanlamallianz.com.ng, has been adjudged winner of...

Leadway Assurance, AGRA, NADF, Verdure Climate Advance Agric Insurance Solutions

Leadway Assurance, one of Nigeria's leading insurance providers, has...

Topics

Konga.com Appoints Shola Adekoya as New CEO

Nigeria’s largest online mall company, Konga Online Shopping Limited,...

Stanbic IBTC Lauded for Continued Support for Agribusinesses

  Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings,...

WorldRemit Partners Lebara on Money Transfer Service to Africa

Lebara and WorldRemit, two leading brands serving international residents,...

NNPC Sustains March Towards Regulatory Excellence, Bags NIMASA Compliance Certification

The NNPC Limited has reiterated its commitment to sustain...

NEXIM Bank to Support Growth of Mining Sector

“Solid minerals, along with the other three sectors of...

Embraer to Sack 4000 Staff

Brazilian plane manufacturer, Embraer announced plans to reduce its...

Anchor Insurance Reports N13.15bn Premium, N1.42bn Claims Paid in 2022

ANCHOR INSURANCE 33RD ANNUAL GENERAL MEETING: L-R: Mr. Akinola...
spot_img

Related Articles

Popular Categories

spot_imgspot_img