|Marilyn Amobi, MD/CEO NBET
The Managing Director and Chief Executive Officer of the Nigerian Bulk Electricity Trading Plc (NBET), Marilyn Amobi, said there is no way Nigeria can achieve the 20,000 megawatts power generation target it set for itself by 2020.
The Transmission Company of Nigeria (TCN) had earlier this year said it would boost its infrastructure to have the capacity to evacuate 20,000 megawatts of electricity by 2020.
Amobi, who was responding to questions from members of the House of Representatives Committee on Power during an oversight visit in Abuja yesterday, said that is not possible.
In her words, “From my perspective, we have no business talking about 20,000 megawatts for 2020. It’s clear we can’t achieve that by 2020.”
She added, “A lot of talk shows are going on in this country in form of workshops on that. There will not be any 20,000 megawatts in 2020. We can’t make that happen. There’s no way for that.”
She was asked if Nigeria could also make nuclear and wind energy possible, the said it was also a mirage.
She said, “We cannot run nuclear in Nigeria, and the question of wind energy, forget it. It’s just a story. We cannot run all that in Nigeria. It’s just a wish list.”
But when the lawmakers inquired to know what could make Nigeria not to achieve that, the MD said the country was not ready for that both financially and otherwise.
The lawmakers also raised eyebrow on the way the organization engaged 14 companies under its Power Purchase Agreements (PPA), saying it appeared there was no proper guideline for the engagement.
However, Amobi said there was an in-house guideline produced in 2011 and that it met the set standard at the time, but that it would not be used “going forward.”