FG plans to build more dams to boost energy supply - Gragrah News!
Headlines News :
Home » » FG plans to build more dams to boost energy supply

FG plans to build more dams to boost energy supply

Written By Joseph Y. Musa on Saturday, May 04, 2013 | 5/04/2013 11:06:00 am

The Federal Government plans to build more dams to boost electricity supply, a statement said in Abuja on Thursday.

The statement, issued by Timothy Oyedeji, the Deputy Director/Head of Press, Ministry of Power, quoted the Minister, Prof Chinedu Nebo, as saying that the new dams would complement existing hydro-power stations.

The minister said Nigeria needed a robust “Super Grid Network”, estimated to cost N3.4 billion dollars.

He said the Super Grid facility was required to meet international standards in the power transmission and distribution chain.

The minister said other renewable energy sources, such as solar and bio-mass, which were off the Super Grid, would continue to be available for domestic uses.

He said the ongoing rehabilitation works in Jebba and Kainji Dam, were being financed with a World Bank loan and stressed that the current privatisation of power generating companies excluded the two plants.

Nebo gave an assurance that there would be a substantial improvement in power supply nationwide after the completion of the projects.

He described the present metering system as weak, adding that a recent study by the Nigerian Electricity Regulatory Commission (NERC) revealed that the gap in metering would require N77 billion to fix.

He assured Nigerians and investors in the sector of fair regulatory regime, adding that NERC would deliver on its mandate without fear or favour.

The minister said the deadline for the attainment of 10,000MW could be slightly adjusted to December.
Share this article :
Blog Widget by LinkWithin


Support : Creating Website | Johny Template | Mas Template
Proudly powered by Blogger
Copyright © 2011. Gragrah News! - All Rights Reserved
Template Design by Creating Website Published by Mas Template