President Muhammadu Buhari’s regime has developed a National Renewable Energy and Energy Efficiency Policy with accompanying Vision 30:30:30 to add 30,000MW of electricity by 2030, says Minister of Power, Mr Abubakar Aliyu.
Mr Aliyu announced this in Abuja at the 5th National Council on Power (NACOP). According to the minister, renewable energy will contribute 30 per cent of the energy mix to the policy and will take centre stage of the ongoing reforms in the power sector, citing “completed projects in the Zungeru Hydroelectricity Power Project, which is at 97 per cent completion.”
“It is expected to provide 700 Megawatts to the national grid while Kashimbila Hydroelectricity Project will be providing 40 Megawatts to the grid. And Dadin-Kowa dam is also providing 40 Megawatts to the national grid, among others,” added the minister.
He also mentioned that the power sector was undergoing various reforms aimed at improving the sector, adding that the government is presently investing in power infrastructures.
Mr Aliyu noted that these investments were especially in the Transmission Company of Nigeria (TCN) through various interventions funded by International Organisations like the World Bank, African Development Bank and a host of others to strengthen the national grid.
“Government-to-government collaboration between Nigeria and Germany resulted in a loan agreement which was provided on concessionary terms through Siemens Company to rehabilitate the Nigeria Electricity Industry (NESI) and the value chain in the industry,” the minister explained.
He added, “Through the agreement with Siemens, orders had been made for the purchase of 10 morbid power transformers and 10 mobile substations. The 10 morbid power transformers to be situated across the country have started arriving.”
(NAN)
