FG develops renewable energy policy to add 30,000MW of electricity

    Published By:

    The Federal Government claimed to have created a National Renewable Energy and Energy Efficiency Policy along the Vision 30:30:30, which calls for the addition of 30,000MW of power by 2030.

    Mr Abubakar Aliyu, Minister of Power explained this in Abuja at the 5th National Council on Power (NACOP) with the theme“ Sustaining and Improving Electricity Supply through the Power Sector Value Chain for Socio-Economic’’.

    He noted that renewable energy would contribute 30% of the energy mix to the policy. Adding that renewable energy was taking the centre stage of the ongoing reforms in the power sector as it is visible from the ongoing and completed projects in the Zungeru Hydroelectricity Power Project which is at 97% completion.

    Aliyu said, “It is expected to provide 700 Megawatts to the national grid while Kashimbila Hydroelectricity Project  will be providing 40 Megawatts to the grid. And Dadin-kowa dam is also providing 40 Megawatts to the national grid among others, ‘’ he said.

    The minister said that the projects were funded by International Organisations like the World Bank, African Development Bank and a host of others to strengthen the national grid.

    “Government to Government collaboration between Nigeria and Germany resulted in a loan agreement which was provided on concessionary terms through Siemens Company to rehabilitate the Nigeria Electricity Industry (NESI) and the value chain in the industry.

    “Through the agreement with Siemens, orders had been made for the purchase of 10 morbid power transformers and 10 mobile substations.

    “The 10 morbid power transformers to be situated across the country have started arriving, ‘’ he said.

    The Minister of Power urged participants to appraise recommendations of the technical experts’ submission on various memoranda carefully to enable NACOP arrive at objective conclusion that will improve the activities in the power sector.

    “To drive the socio-economic development of the nation that will catapult the nation to the next level of industrial development.”

    Queen Ferry
    Queen Ferry
    Chinyere Treasure Ikechukwu known professionally as Queen Ferry, is a Nigerian business Executive, Journalist and Content Editor. She serves as the Vice-Chairman of Naijatraffic Limited. If Treasure is not blogging, she will be making delicious delicacy.

    Most Popular Read

    BBNaija All Stars: ‘I almost lost my life’ Kiddwaya recounts

    Third evicted Big Brother All Stars housmate,Terseer Waya popularly know as Kiddwaya narates how he almost lost his life after featuring in the lockdown...

    Gabon Coup: Army officers seize power, end Ali Bongo’s 53-year reign

    Military officials in Gabon have made an appearance on national television to announce their coup, bringing an end to the 53-year regin of power...

    Presidential tribunal: Verdict will favour Tinubu – Primate Ayodele

    The leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has urged Nigerian to lower their expectation, stating that the Presidential Election Petition Tribunal...

    Apple is set to launch iPhone 15 today 

    The top tech company, Apple, is expected to unveil its latest iPhone product, the iPhone 15 lineup today, September 12, 2023. The latest iPhone product...

    ‘U no wan hear word, oya send account’ Davido tells fan who is adamant to ride bicycle to see him in Lagos

    Award-winning Afrobeat artist Davido, set to gift fan who is still on the journey on his bicycle from Benue state to see him in...

    Nollywood actor, Don Brymo Uchegbu dies in his sleep

    Brymo Uchegbu, a Nollywood actor, popularly known as Don Brymo Uchegbu reportedly died in his sleep on Thursday. Mr Mayor Ofoegbu, who is also a...

    Actor Stan Nze and wife, Blessing Obasi confirm pregnancy rumor

    Nollywood couple, Stan Nze and wife, Blessing Obasi, shared a video of Blessing with a baby bump to celebrate their 2nd wedding anniversary. Recall that...

    I’ll like to collaborate with Kanye West – Asake 

    Popular Nigerian singer, Ahmed Ololade, professionally known as Asake has named American rapper, Kanye West as his dream collaborator. The award-winning singer in an interview...

    Chelsea sign Cole Palmer from Manchester City

    Chelsea has signed young promising attacking player Cole Palmer from Manchester City on Friday in a deal worth an initial £40 million ($50 million). The...

    Actress Moyo Lawal threatens legal action over leaked s!x tape

    Nollywood curvey actress Moyo Lawal, has threatened to take legal action over her leaked sex tape. Recall that Wakadaily had reported that the actress has...