PHCN to build 17 power stations in Nigeria

Oct 10, 2005 02:00 AM

Managing Director of Power Holding Company of Nigeria (PHCN) Engineer Joseph Makoju, has said plans were underway to build additional 17 new power stations before expiration of the present administration in 2007.
"We are committed to a total of 17 new power stations at various locations, with a combined capacity of about 6,000 MW when they are completed."

Makoju spoke at the inauguration of a 15 MVA sub-station at Eleweran in Abeokuta. The PHCN boss disclosed that the commissioning would come just before the administration left office and lamented that despite government's huge investment in the sector, Nigerians had not enjoyed uninterrupted power supply.
Makoju, currently on tour of seven power station companies of PHCN, said five new stations were being built. He added that some oil companies were also building an additional five stations.

He added that power generation in the country had increased from 1,800 MW in 1999 to 3,000 in 2005. Makoju said "it takes a long time to be able to see the result of any attempt to repair or revive or resuscitate the sector because it is highly capital intensive."
According to him, a standard power station of about 500 MW would cost $ 250 mm and would take at least three years to build. He added that the Federal Government had embarked on programmes aimed to boost electricity to 4,000 MW.

Source: This Day
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