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Electricity

Nigeria set to increase power capacity by 2,000 MW in 2016

Thursday, 04 February 2016 12:57

(Ecofin Agency) - In respect to the various projects that its government plans to implement, Nigeria should install 2000 MW of additional power plants this year. This was announced by the Minister of Energy, Babatunde Raji Fashola.

Optimistic, he said: “It is possible. I believe we can do it if we can implement the right methodology”.

During budget defense of its division before senatorial committee for energy and mines, the Minister said the national power industry was undergoing changes that would gradually lead it to independence. The 2016 budget will in a major part be directed towards the completion of ongoing projects and expanding national transmission grid.

Back from the recent COP 21, Nigeria decided to add 13,000 MW to its actual power capacity with off-grid power plants.

Gwladys Johnson

 
Finance


 
Mining


 
Telecom


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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