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Don't expect steady power supply in 2014 – Minister of power,chinedu Nebo

Published

11 years ago

March 21, 2014

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.