Nigeria adds 15,000 MVA to its power grid in three years
By the AFREEQUE newsroom, based on ThisDay
Illustrative image · Ferdous Hasan · Pexels · Licence PexelsNigeria added more than 15,000 MVA of transmission capacity to its power grid between 2023 and 2026, Energy Minister Joseph Tegbe announced. The government has also invested more than 10,000 billion naira in the sector since the privatisation in 2013, according to FGN Power Company director Kenny Anuwe.
Nigeria added more than 15,000 MVA of transmission capacity to its national electricity grid between 2023 and 2026, Energy Minister Joseph Tegbe said at a conference in Abuja, according to ThisDay.
More than 1,300 MVA came in particular from substation equipment recently installed and commissioned in several regions of the country, increasing the electricity available to distribution companies. The government has also launched construction of a new national grid control centre in Osogbo, intended to replace a facility more than 60 years old.
Kenny Anuwe, managing director of FGN Power Company Limited, said the federal government had invested more than 10,000 billion naira in the electricity sector since the privatisation launched in 2013. The ministry also announced that 2.8 million customers had been fitted with meters as part of the presidential metering initiative.
Joseph Tegbe added that President Bola Tinubu had approved the settlement of verified historical debts owed to electricity producers. The initiative has already mobilised 1,200 billion naira to ease their financial difficulties and improve their ability to buy gas and maintain their power plants.
