Experts chart path to energy recovery
Industry experts have recently proffered practical solutions to end the lingering power challenges in Nigeria, citing embedded power, cost effective tariff, and full privatisation of power plants and a host of others as the way forward. The experts, who gave their submissions in Lagos at the PwC’s Annual Power and Utilities Roundtable, noted that…
N4.637 trillion power plants with 6,000mw capacity idle
About 12 power projects in the country, with cumulative construction value of N4.637 trillion and installed capacity of over 6,000 megawatts (MW) have either been abandoned by the operators or remained idle since completion. This is amid the country’s struggle to generate less than 4,000MW daily for consumers.