- Advertisement -spot_img
28.2 C
HomeTop NewsNigeria Plans to Increase Power Supply To 11,000 MW By 2023~Buhari

Nigeria Plans to Increase Power Supply To 11,000 MW By 2023~Buhari

- Advertisement -spot_img

Nigeria plans to work with German technology firm Siemens to gradually achieve 7,000 megawatts by 2021 and 11,000 megawatts of electricity by 2023, President Mohammadu Buhari has said.


The President who met with the Joe Kaeser, the president of Siemens AG. said efforts by successive administration to improve power supply in the country in the past has not achieved the desired results.
“My challenge to Siemens, our partner investors in the Distribution Companies, the Transmission Company of Nigeria and the Electricity Regulator is to work hard to achieve 7,000 megawatts of reliable power supply by 2021 and 11,000 megawatts by 2023 – in phases 1 and 2 respectively,” President Buhari told his guest.
President Buhari said in spite of the country’s significant natural gas, hydro and solar resources for power generation, the country is still on the journey to achieving reliable, affordable and quality electricity supply necessary for economic growth, industrialization and poverty alleviation.
According to him.
He noted that in spite of the various interventions by previous administrations to solving the electricity problem in the country, all their efforts have only yielded an imbalance between the amount of power generated and the amount available for consumers.
He the country has been able to build capacity for over 13,000 megawatts of power generation capacity, However, only an average of 4,000 megawatts of the power generated reliably reaches the consumers.
The president said his administration priority was to stabilise the power generation and gas supply sector through the Payment Assurance Facility, which led to a peak power supply of 5,222 MW. Nonetheless, the constraints remained at the transmission and distribution systems.
“This is why I directed my team to ask Siemens and our Nigerian stakeholders to first focus on fixing the transmission and distribution infrastructure – especially around economic centres where jobs are created.
“After these transmission and distribution system bottlenecks have been fixed, we will seek – in the third and final phase – to drive generation capacity and overall grid capacity to 25,000 megawatts,” the president said.

Join Our Mailing List!

* indicates required
- Advertisement -spot_img
- Advertisement -spot_img
Must Read
Related News
- Advertisement -spot_img