APGC’s Executive Secretary, Dr. Joy Ogaji, while speaking
with The PUNCH on the sideline of the Association of Energy Correspondents of
Nigeria’s 2023 annual international strategic conference last week Thursday,
said electricity generation capacity to the national grid has increased to
almost 14,000MW.
Dr Ogaji explained that the increase was brought about due
to the addition of a $1.3bn Niger state-based 700MW Zungeru hydroelectric plant
which came on stream in the second quarter of the year.
“The national grid now has an installed power generation
capacity of about 14, 000 megawatts, and this was made possible due to the
Zungeru plant that came on stream this year,” she said, adding that it was an
opportunity for interested investors to partner with the Gencos.
The Federal Government had in February, announced Mainstream
Energy Solution Limited as the preferred bidder for the concession of the
plant. The company had offered a fee of $700m per year for a period of 30 years
to operate the plant.
Despite the 14,000MW claim by Ojagi, checks by The PUNCH on
the records of the Nigerian Electricity System Operator showed that the latest
on-grid peak power generation as of Saturday, was 4,803.60 MW.
Experts have said Nigeria needs at least 30, 000MW to reach
sufficiency.
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