Categories: Business

FG targets 4,500MW power supply, says recovery back on track

The Federal Government says its effort to improve power supply across the country is back on track after about two months of challenges that led to the collapse of the national grid three times within a month.

The government said it expected the grid to deliver a minimum of 4,500 megawatts of power daily.

The grid supply as at 1pm on Wednesday showed that 17 generation plants were delivering 3,072MW with Azura-Edo (393MW), Geregu Gas (390MW), Jebba Hydro (328MW), Egbin (317MW) and Kainji Hydro (303MW) among the top generators.

Speaking at a Power Sector Recovery Programme (PSRP) workshop for journalists in Abuja, the Chairman of the Nigerian Electricity Regulatory Commission (NERC), Sanusi Garba, said consumers would soon begin to see changes in electricity supply.

He noted that failure to review the tariff in the past threatened the viability of the sector, adding that now things were much better with services expected to improve.

He said, “The Federal Government initiated the PSRP with the support of the World Bank to achieve the goal of Nigerians having access to adequate, reliable and affordable electricity in Nigeria.

“Notwithstanding the electric power supply industry is now private sector driven, its relevance to economic growth and industrial development will require strategic government interventions. At this developmental stage, the industry’s challenges require that hands be on the deck to achieve an efficient and effective electric power supply industry that we desire for our economic development.”

He explained the objectives of the PSRP included the power sector’s financial viability; improving electricity supply reliability to meet the growing demand; to strengthen the sector’s institutional framework, and implement policies that promote and encourage investors’ confidence, and institutionalise a contract-based electricity industry.

He pointed that despite the challenges faced by the sector, “all the stakeholders involved in this power sector recovery programme are very much on track and are ready to do what we all need to do both in terms of financial performance by the distribution companies and the issue of the off-taker. I am not saying we are at the destination yet but at least the trajectory is looking upward and great promise for service delivery to Nigerian consumers.”

The NERC boss, who used the occasion to formally launch a new website for the PSRP, said the new portal would afford Nigerians the opportunity to access direct information about the sector and make comments on the services delivered by the operators.

Belije Madu of the PSRP Secretariat also explained that the PSRP’s new 4,500MW minimum grid supply was expected to have commenced at the beginning of the year, but had not been attained due to generation challenges.

He said the PSRP “includes a set of measures to ensure that a minimum 4,500MWh/hour of electricity is supplied to the distribution grid from 2022. This is the minimum level of supply necessary for grid stability and the reduction of system outage.”

 

Trends Admin

Recent Posts

Cybercrime Trial: Court Orders Arrest of Omoyele Sowore

Cybercrime Trial: Court Orders Arrest of Omoyele Sowore The Federal High Court in Abuja has…

7 hours ago

Reno Omokri Fires Back at Davido Over “Umu Bingo” Comment

Reno Omokri Fires Back at Davido Over “Umu Bingo” Comment Former presidential aide Reno Omokri…

9 hours ago

Dangote Refinery Announces New Petrol Price as Crude Oil Eases

Dangote Refinery Announces New Petrol Price as Crude Oil Eases The Dangote Petroleum Refinery has…

10 hours ago

Gunmen Kill Two Soldiers, Police Officer in Plateau Midnight Raid

Gunmen Kill Two Soldiers, Police Officer in Plateau Midnight Raid Suspected gunmen attacked the National…

10 hours ago

Emeka Ike Files N10bn Lawsuit Against INEC, Wike’s Aide Over Voter Data Leak

Emeka Ike Files N10bn Lawsuit Against INEC, Wike’s Aide Over Voter Data Leak Nollywood actor…

10 hours ago

Why I Have Not Resumed as Ambassador to Mexico — Reno Omokri

Why I Have Not Resumed as Ambassador to Mexico — Reno Omokri Nigeria’s ambassador-designate to…

11 hours ago