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
spot_img

Hot this week

Is Investing for Me? Rethinking Who the Stock Market is Actually Built For

  By Robinson Kolawole "Investing is not for someone like me."...

CIIN Boss, Yetunde llori, Bows Out, Lists Achievements in Office

Mrs. Yetunde llori, the President/Chairman of Council, Chartered Insurance...

WorldStage Business Forum Q2 2026: Prof. Baale Makes Case for Building World-class Nigerian Corporate Culture

L-R: Mr. Segun Adeleye, President/CEO, World Stage Limited; Prof. Lere...

Insurance Brokers Reaffirm Commitment to Local Content, Digital Innovation at SUPERNEWS Conference

Deputy President of the Nigerian Council of Registered Insurance...

Topics

Osinbajo Set for National Insurance Conference

Mr. Shola Tinubu, Chairman, Planning Committee of the National...

Understanding True Financial Inclusion: What Next for Banking in Africa?

The continued growth of mobile phone usage provides a...

UBA, Etisalat, Afrinvest for Enugu State Investment Summit

The United Bank for Africa (UBA) Plc, telecommunications giant,...

Unity Bank Appoints Ebenezer Kolawole as Acting MD/CEO

The Board of Unity Bank Plc has announced the...

Sanofi Announces AfricaTech 2020 Challenges, Calls for Entries

  Sanofi, a global biopharmaceutical company dedicated to improving the...

Divestments of Oil Assets: NCDMB Warns Against Reduction in Compliance, Tax Revenue

The ongoing and planned divestments of onshore assets by...

Business Journal Named in Top 20 Nigeria Business Blogs Ranking

The Business Journal online (www.businessjournalng.com) platform has been named...
spot_img

Related Articles

Popular Categories

spot_imgspot_img