At Power Nigeria conference, hope rises for energy efficiency – Guardian

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Fashola FG Releases N268Bn for Power, Works, Housing In 2016 Fiscal Year

Power Nigeria Conference, a three-day event billed for Wednesday and Thursday, September 27 in Lagos, which will attract decision makers, business leaders, experts and trade professionals in the energy value chain to brainstorm on the latest trends in the sector. This is a result of the Federal Government’s plan to create a paradigm shift from reliance on fossil fuel and add 13 gigawatts of off-grid solar power by 2030. However, the reality of this being achieved is greatly hinged on the success of the 2018 Power Nigeria Exhibition and Conference.

 

The Minister for Power, Works and Housing, Babatunde Fashola, said: “Africa has trillions standard cubic feet of natural gas reserves, billions of barrels of crude oil reserves and billions of tons of coal; but Africa has an even greater abundance of renewable energy resources. Unfortunately, of the nearly 1.5 billion people estimated to lack electricity supply globally, half live in Africa, while Nigeria is estimated to have over 90 million people without access to power, according to the World Bank.” Thus, the announcement by the FG to start generating electricity through coal, in order to deal with the challenges of inadequate electricity generation and supply by the year 2030.

 

 

Speaking ahead of the event, Exhibition Manager at Informa Industrial Group, Sheetij Taneja, in a statement noted that it was important to bring together industry experts annually to explore the potential of investing in efficient power generation.

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