Don’t Expect Steady Electricity Supply In 2014, Minister of Power Says
Category: Nigerian National News
Nigeria’s Power Minister Professor Chinedu Nebo acknowledged it
is highly improbable that Nigerians will experience steady power supply
this year.
He spoke in Lagos at the annual Power Investors Summit hosted by EnergyNet in conjunction with Nextier Capital Limited.
Minister Nebo noted that Nigeria is struggling to come out of the
state of dilapidation, a state of total disrepair of infrastructures and
decay.
“Most of the plans are not going to be ready by the end of the
year. What we think from all study and framework right now is that by
the end of the year, we will be able not only generate but have the
transmission capacity to wheel out 6000 megawatts. That’s what we are
projecting from a very technical and realistic point of view.”
The Minister added that much of the funds have been put aside for
various projects that will continue to grow transmission capacity by
2015 to 2017.
He also noted that the distribution companies need a proper
monitoring by the BPE and National Council on Privatization, as they
tend to conceal the real state of affairs and hide the financial gaps
that they have.
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