Adebayo Adelabu, the Minister of Power, has unveiled a strategy to increase Nigeria’s power production from 4000 Megawatts to 6000 Megawatts by 2024 using the country’s hydro and Solar Energy capabilities. During a meeting with the Senate Committee on Power in Abuja, the minister disclosed new information about the ministry’s operations. Adelabu voiced his concern about the power sector’s current status, specifically stating the limited Electricity Generation capacity of 5800 Megawatts as a troubling constraint. He pointed out that the lack of upkeep on the current Infrastructure is a major challenge.
The infrastructure is neglected, with the turbines slowly deteriorating from rust. Adelabu confidently declared that, through strategic financial backing, they would achieve a capacity of 6000 megawatts by the conclusion of 2024. This declaration highlights a critical step towards enhancing the nation’s Electricity supply and meeting growing needs. The minister provided more information on his plan, discussing innovative solutions for Electricity Distribution Companies (DisCos) that have been frequently criticised for ineffectiveness. He stressed the importance of their role, stating how it directly influences the overall effectiveness of the energy industry.
Government should divide DisCos into state-based units to boost efficiency.
He suggested that the Nigerian Electricity Regulatory Commission (NERC) should hold the DisCos accountable for their performance and be willing to revoke their licenses if necessary to push them to improve. The Federal Government’s strategy to increase operational efficiency involves dividing DisCos into smaller units based on state boundaries. They are reorganising the DisCos by state boundaries to ensure that each state government knows the distribution company serving its state due to its broad coverage across multiple states. In addition, the minister highlighted intentions to franchise DisCos to promote Investment and establish smaller, more easily managed entities. This will help the DisCos to establish smaller, investment-ready businesses.
Also, he emphasised the importance of incorporating Renewable Energy sources into Nigeria’s power production mix to ensure Sustainability and reduce carbon emissions. He highlighted the potential benefits of utilising the country’s abundant solar energy resources and increasing investment in hydroelectric power plants. By utilising these renewable energy sources, Nigeria can diversify its energy mix and reduce its dependence on fossil fuels, ultimately leading to a more environmentally friendly and reliable power supply. He outlined plans to improve transmission infrastructure to ensure efficient electricity distribution nationwide.
Hydro-solar plants will improve power generation and storage efficiency.
Furthermore, he mentioned the need for investment in upgrading and expanding transmission networks to reduce transmission losses and ensure a stable and reliable Power Supply to consumers. Adelabu also mentioned the importance of engaging with stakeholders, including state governments, to collaborate on implementing these strategies and achieving the goal of increasing power production by the targeted Megawatts. By working together and implementing these initiatives, Nigeria can improve its power sector and meet the growing energy demands of its population.
Technological advancements can be made to maximise Power Generation and storage efficiency by investing in research and development for hydro-solar plants. This could lead to increased megawatts produced, reducing the country’s dependence on fossil fuels and decreasing Greenhouse gas emissions. A shift towards hydro-solar plants would also enhance energy Security by diversifying the energy sources. Ultimately, these improvements would help create a more sustainable and environmentally friendly energy sector, benefitting the country and the planet.
Related Article: FG launches 300 kWp photovoltaic project
Lastly, the federal government can support the minister’s power to make the transition to hydro-solar plants seamless by providing financial incentives, such as Tax waivers or grants, to encourage investment in these renewable energy sources. Also, they can create policies and regulations that prioritise the development of hydro-solar plants and streamline the permitting process for new projects. By working with the government, the minister can lead the country towards a cleaner, more Sustainable Energy future by expanding megawatts using hydro-solar plants. This collaborative effort can help to achieve national energy goals, create jobs in the renewable energy sector, and improve overall energy reliability and security.