FG To Boost Power By 5,700 Megawatts By December
PRESIDENT Goodluck Jonathan assured Friday that his administration would boost the national electricity generation capacity by 5,700 megawatts by the end of this year.
The President, who spoke at the formal commissioning of 750MW Olorunshogo II Power Station in Papalanto area of Ogun State, also hinted that his government was working towards generating power from “atomic sources.”
The power plant, which is the second largest power station under the National Integrated Power Project (NIPP) scheme, has the capacity to produce 750 megawatts.
Jonathan told his audience: “Today’s epoch making event consolidates our progress in re-enforcing our resolve towards making a permanent difference in the development of our nation through regular and quality electricity supply.
“I am pleased that I have lived up to my campaign pledges to make the power sector reform a priority and a reality. This agenda has ushered in new capital investment and would continue to boost more investment opportunities for the private sector players, widening the horizon of our transformation agenda through multiplier effects,” he said.
Jonathan maintained that electricity remained the pivot of his government’s industrialisation drive, saying that the commissioning would not only add and sustain significant megawatts to the national grid but in effect would also boost production and commercial activities of the catchment areas of the country.
The President disclosed that having agreed at the National Economic Council to finance the identified critical power infrastructure projects under the NIPP scheme from the excess crude oil account, the Federal, State and local government have so far committed about $8.26 billion on NIPP projects through the Niger Delta Power Holding Company (NDPHC), out of which some $650 million was expended on the construction of this Olorunshogo power plant.
“I urge you all to support the Federal Government, this is the way we can improve electricity services to the entire country. With your mandate for another four years, our total commitment is that we would not go back these projects,” he said.
The president is also planning to re-commission the sixth turbine (220MW) at the Egbin power plant in Ikorodu, Lagos today.
“I’m confident that in line with our aim of boosting the national electricity generation capacity by over 5700MW by the end of this year, the others will follow in quick succession,” he added.
The Minister of Power, Chinedu Nebo, however noted that many more power projects would soon be commissioned before the end of this year.
The Managing Director, Niger Delta Power Holding Company, James Olotu noted that the 750MW power plant has been running and duly supplying power to the national grid, against insinuation is some quarters that the President was commissioning uncompleted projects.
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