More
    HomeBusinessEconomyFederal Government Boosts National Grid Power Capacity to 14,000MW

    Federal Government Boosts National Grid Power Capacity to 14,000MW

    Published on

    By Becky Usman

    The Federal Government, in collaboration with the Association of Power Generation Companies (APGC), has successfully increased the power capacity of the national grid from approximately 13,000 megawatts, as recorded a few years ago, to an impressive 14,000 MW.

    Dr. Joy Ogaji, the Executive Secretary of APGC, revealed this development during an interview with The PUNCH on the sidelines of the Association of Energy Correspondents of Nigeria’s 2023 annual international strategic conference last week Thursday. She emphasized that the electricity generation capacity available to the national grid has grown to nearly 14,000MW.

    Dr. Ogaji attributed this significant increase to the commissioning of the $1.3 billion 700MW Zungeru hydroelectric plant, located in Niger state, which became operational in the second quarter of the year.

    “The national grid now boasts an installed power generation capacity of about 14,000 megawatts, thanks to the successful launch of the Zungeru plant this year,” she explained. She further highlighted that this development presented a valuable opportunity for potential investors to collaborate with the Generation Companies (Gencos).

    It’s worth noting that in February, the Federal Government announced Mainstream Energy Solution Limited as the preferred bidder for the concession of the Zungeru plant. The company offered an annual fee of $700 million for a 30-year period to operate the facility.

    However, it’s essential to verify these claims against official records. According to checks made by The PUNCH with the Nigerian Electricity System Operator, the most recent on-grid peak power generation as of Saturday was 4,803.60 MW, which suggests that there may be discrepancies between reported capacity and actual generation.

    Latest articles

    Obaseki Declares Nigeria as “Technically Bankrupt,” Urges for Structural Reform

    By Aaior K. Comfort Edo State Governor Godwin Obaseki has characterized Nigeria as "technically bankrupt,"...

    Livestock Committee Recommends Combined Approach to Resolve Pastoral Disputes

    By Aaior K. Comfort Abuja — The Presidential Livestock Reform Committee has proposed a hybrid...

    FG Declares Eight LGAs Open Defecation Free

    By Aaior K. Comfort Abuja — The Federal Government has officially declared eight Local Government...

    Tinubu raises hope on Strong Financial System , As COCA-COLA Annouces $1bn Investment In Nigeria

    President Bola Tinubu has reiterated his administration’s commitment to creating a robust financial system...

    More like this

    Obaseki Declares Nigeria as “Technically Bankrupt,” Urges for Structural Reform

    By Aaior K. Comfort Edo State Governor Godwin Obaseki has characterized Nigeria as "technically bankrupt,"...

    Livestock Committee Recommends Combined Approach to Resolve Pastoral Disputes

    By Aaior K. Comfort Abuja — The Presidential Livestock Reform Committee has proposed a hybrid...

    FG Declares Eight LGAs Open Defecation Free

    By Aaior K. Comfort Abuja — The Federal Government has officially declared eight Local Government...