Thursday, June 4, 2026
25.4 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

Former Power Minister, Barth Nnaji, to Grace SUPERNEWS Confab as Special Guest of Honour

The Chairman, Geometric Power Limited and former Nigerian Minister...

IFC, NGX Group, LCCI Unveil Nigeria Gender Country Program at CEO Roundtable

The International Finance Corporation (IFC), Nigerian Exchange Group (NGX...

NAICOM Chief Leads Delegation to Abia State, Pledges Partnership on Policyholders Protection, Economic Growth

The Commissioner for Insurance, National Insurance Commission (NAICOM), Mr....

BGT Awards Contracts for Three Newbuild LNG Vessels

Bonny Gas Transport Limited (BGT), a subsidiary of Nigeria...

Topics

STACO Board Leads Company Change Process

The Board of Directors of STACO has assured the...

African Securities Exchange Elects Karim Hajji as New President

 L.R: Mr. Karim Hajji New President of African Securities...

Ford, Coscharis Announce 3 Years Warranty for 2017 Model

Coscharis Motors, exclusive distributor of Ford vehicles in Nigeria,...

CBN Vs NESG: Expert Warns of Negative Impact on Economy

Mr. Godwin Emefiele Governor Central Bank of Nigeria (CBN) The raging feud...

ZETA-WEB Nigeria Appoints Chris Obasi as New MD

Zeta-Web Nigeria Limited, one of the leading ICT companies...

Global Airlines Financial Monitor: July 2017

Initial airline financial results from Q2 2017 have...

GTBank Fashion Weekend 2018 Set for November 10

From Saturday, the 10th to Sunday, the 11th of...

40 African Bankers Discuss Partnership, Growth at Confab

The Mauritius Commercial Bank Group (MCB) hosts 40 top...
spot_img

Related Articles

Popular Categories

spot_imgspot_img