Economy
FG to Boost Power Generation With 11 Power Projects
Four out of the eleven hydropower projects with a combined capacity of 110 megawatts have been completed.
The federal government has revealed plans to boost power generation with at least 11 hydropower projects being built across the country.
This will help to improve the current electricity generation across the country, the Minister of Water Resource, Suleiman Adamu stated.
According to the minister, 4 out of the 11 hydropower projects with a combined capacity of 110 megawatts have been completed.
Investors King understands that Nigeria’s power generation barely stands above 5,000 megawatts despite having the capacity to generate 11,165 megawatts.
Adamu also disclosed that at the completion, all eleven hydropower projects will have a total capacity of 3,750MW, noting that work was currently ongoing at the various project sites.
In a statement made available to newsmen, the minister outlined the 11 hydro water projects across the country as Gurara II Hydropower Project, Niger State, 360MW; Kiri Hydropower Project, Adamawa State, 36MW; Itisi Hydropower Project.
Kaduna State, 40MW; Bawarku Hydropower Project, Benue State, 182MW; and Makurdi Hydropower Project, Benue State, 1,500MW, Lokoja Hydropower Project, Kogi State, 750MW.
Others include the Katsina-Ala Hydropower Project, Benue State, 460MW; Farin-Ruwa Hydropower Project, Nasarawa State, 20MW; Manya Hydropower Project, Taraba State, 182MW; Tede project, Oyo State, 220MW; Mangu, and Plateau State, 182MW.
Adamu further revealed that all the hydropower projects are being guided by the National Water Resources Master Plan; Immediate and Long-Term Strategies for the Water Sector (2016-2030), also known as the Water Sector Roadmap; and the Sustainable Development Goals (Goal 6).
Meanwhile, the Nigerian Government and a US firm, Sun Africa LLC have signed a development and Engineering, Procurement and Construction (EPC) implementation framework agreement for the construction of 5,000 MW of solar energy and 2,500 MWh of battery energy.
The agreement was signed by Adeniyi Adebayo, Nigeria’s Minister of Industry, Trade and Investment, and Adam Cortese, CEO of Sun Africa, will attract up to $10 billion in investment from the US government, Investors King learnt.