Nigeria to invest N 880.9 bn in energy projects until 2013

Jan 26, 2012 12:00 AM

The Federal Government is to spend N 880.9 bn under the first implementation plan of the Vision 20:2020 to generate 16,000 MW by 2013, according to the project implementation document.
The Vision 20:2020 implementation document for 2010 to 2013, issued by the National Planning Commission in Abuja, states that during the period, the proposed investment will cover four major areas. The areas include power generation, transmission, distribution and alternative energy.

The document also states that the overall target for the period is to increase electricity generation, transmission and distribution from the 3,700 MW capacity in December 2009 to 8,000 MW in 2010 and 16,000 MW by 2013.
"Access to electricity is expected to increase from the current 40 % to 50 % while per capital consumption will increase from the current 125 kWh 500 kWh over the planned period.

"This is expected to be achieved through significant investment in rural electrification programme that will facilitate the expansion of transmission and distribution lines to a majority of rural Nigeria," the document states.
It states that alternative energy technology will be developed from coal and other renewable energy sources, such as solar, wind and biomass, especially for the electrification of rural communities.

"In order to achieve the medium term goal, government will continue regular maintenance of all power infrastructure, rehabilitate and complete all ongoing power projects.”
"It will also put in place incentives for private sector participation through the accelerated implementation of the Power Reform Act," the document further states.

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