Nigeria needs 60,000 MW of electricity

Nov 08, 2007 01:00 AM

Former Minister of Petroleum Resources, Chief Phillip Asiodu, has said Nigeria requires at least 60,000 MW of electric power to strengthen its economic drive. He also said that there is urgent need for the federal government to invest in the necessary transmission and distribution systems in the country.
Asiodu, who disclosed this in a paper titled, "Sustainable Management of the Environment --- An Agenda for Nigeria in the next two decades,” presented at a conference organized by the Nigerian Mining and Geo Sciences Society, explained that the current power generation capacity is not enough to transform the nation's materials and minerals into valuable goods for the local markets and exports.

He further stated that with the 60,000 MW of electricity, at least 80 % of electricity generation would be thermal-based through the use of natural gas. According to him, the rest may utilize coal or lignite, hydro, and renewable energy resources. The nation's power generation capacity currently hoversbetween 2,500 and 3,000 MW.
The Chief Executive Officer of Egbin thermal station, Simeon Atakulu, announced the closure of the station due to shortage of gas supply from the Nigerian Gas Company (NGC). Two other thermal stations in the country were also shut, leaving the Power Holding Company of Nigeria (PHCN) with no option than to embark on load shedding of electricity.

Nigeria targets 10,000 MW of power generation before the end of the year. The former Minister, who spoke on the management of the nation's human and natural resources since independence, regretted that subsequent governments have not done enough to transform these resources into a goldmine for Nigerians.
"We cannot find any comfort in the manner in which we have conducted our affairs so far since independence regarding the very serious matters of economic and social development despite the very generous natural and human resources with which Nigeria has been blessed. With our large growing population and the worsening global environment, we have a race against time. We must redouble our efforts".

Source Daily Trust
Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« August 2019 »
August
MoTuWeThFrSaSu
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31

Register to announce Your Event

View All Events