09 Dec $1.3 billion Zungeru Power project 97% complete
The federal government has declared $1.3 billion Zungeru Power project 97 per cent complete. The project is expected to provide 700 megawatts of electricity to the national grid while Kashimbila Hydroelectric Power project will provide 40 megawatts to the national grid. Dadin-kowa Dam will provide 40 megawatts.
Speaking at the 5th National Council on Power (NACOP) in Abuja, the Minister of Power, Engineer Abubakar Aliyu said that in addition to that, the government has developed the National Renewable Energy and Energy Efficiency Policy with the accompanying vision 30:30:30 which aims at achieving 30,000MW of electricity by the Year 2030 with renewable energy contributing 30 per cent of the energy mix.
“Renewable energy is taking the centrestage of the ongoing reforms in the power sector in Nigeria as it is visible from the ongoing and completed projects like Zungeru Hydroelectricity Power Project which is at 97 per cent completion and it’s expected to provide 700 megawatts of electricity to the national grid” he said.
The minister also disclosed that the 10 morbid power transformers and 10 mobile substations purchased with Siemens loans had arrived Nigeria.
The transformers which are expected to rehabilitate the Nigeria Electricity Supply Industry (NESI) are part of the loan agreement with the German Government through its electricity firm—–Siemens.
In the agreement, Nigeria would provide a signature bonus account of about €15.2 million and N1.7 billion as its 15 per cent counterpart funding for the concessionary loan.
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