FG Targets 6,000mw Electricity Capacity by Year End

The federal government said its target is to achieve 6,000megawatts (mw) generation capacity by the end of 2016, daily trust reports.

Mustapha Baba Shehuri, Minister of State for Power, Works and Housing disclosed this said this yesterday when he met with a delegation from the International Monetary Fund (IMF).

According to him, “We are expecting that at end of the year, our generating capacity will be over 6,000mw by end of 2016, 10,000mw in 2019 and 30,000mw in 2030.”

The daily power statistics from the Transmission Company of Nigeria (TCN) said the peak power generation yesterday was 2,751mw, about 378mw less than the 3,129mw achieve on Wednesday.

The highest peak ever attained was 5074mw in February this year, the minister said with the recent Road Map to Power, timelines and plans have been set for deliverables.

Shehuri hwever acknowledged the contributions of donor agencies in the power industry. One of such is the loan pact of $273million earmarked for the Nigeria Bulk Electricity Trading Plc (NBET) as a Partial Risk Guarantee (PRG) for investors in power plants; the African Development Bank (ADB) provided another $200million for grid upgrade plan for the TCN.

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