Sunday, February 1, 2026
25.2 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

UAC Records Revenue Surge, Profit Impacted by One-Off Acquisition-Related Costs

UAC of Nigeria Plc has announced its unaudited financial...

Moniepoint Celebrates 10 Years of Impact, Microfinance Bank Reports N412tn Transactions in 2025

Moniepoint Inc., Nigeria's definitive platform for small businesses and...

PenCom, PFAs to Unveil PENCAP – Data Recapture Self-Service Platform Feb 1

The National Pension Commission (PenCom), in collaboration with Pension...

NNPC Unveils Gas Master Plan 2.0, Milestone Represents Nigeria’s Dev’t Aspirations, Says Ekpo

L-R: Executive Vice President, Gas, Power & New Energy,...

Topics

NASENI Empowers 100 Ebonyi Youths on Modern Methods of Electrical Installation

Ebonyi Trainees: Trainees of NASENI Skill Acquisition Programme displaying their...

Investors in Data Centers in Africa Head to Monaco for 1st Summit

In the first event of its kind, an exciting...

PILA Pays Courtesy Visit to Sovereign Trust Insurance Plc

Members of the Professional Insurance Ladies Association (PILA) with...

SERAP Sues Adelabu, NBET over ‘Failure to Account for Missing N128bn in Power Ministry’

Socio-Economic Rights and Accountability Project (SERAP) has filed a...

Ministry of Communications and Digital Economy: Beyond the Nomenclature

By Elvis Eromosele The Federal Ministry of Communication has a...

NDIC Seeks Stakeholders’ Input to IADI Core Principles for Effective Deposit Insurance

The Nigeria Deposit Insurance Corporation (NDIC) has called for...

Sterling Bank Unveils MBN, Set to Showcase Best of Nigeria at Maiden Fair

L-R:  Oluwatobi Ajayi, Chairman, Nord Automobiles Limited; Ifedayo Agoro,...

2023: What’s the Peace Accord for?

By Haniel Ukpaukure Many years of faltering in Nigeria’s electoral...
spot_img

Related Articles

Popular Categories

spot_imgspot_img