The Federal Government is working to resolve challenges in the power sector for stable electricity to businesses and homes in Nigeria.
The Managing Director and Chief Executive Officer, Niger-Delta Power Holding Company, NDPHC Mr. Chiedu Ugbo, made this known in Lagos at a media campaign for its “Light up Nigeria” initiative.
The follows the recent bilateral agreement between the it and some states, namely Lagos, Ogun and Oyo for the distribution of four thousand megawatts of electricity to industrial and business clusters under Agbara Transmission Substation and across Nigeria..
The Niger Delta Power Holding Company Limited, owned by the three tiers of government, was incorporated to manage power projects under the National Integrated Power Projects, through direct provision of infrastructural facilities, to bridge the power supply gap in the country.
According to Managing Director, the Light up Nigeria initiative, is aimed at bridging the power supply gap in the power industry, through cost-effective electricity generated from its power plants for reliable and affordable power supply to eligible customers, Distribution companies, as well as third party project developers
“The goal is to have ninety-seven percent availability of power to light up businesses and homes. We are doing this in collaboration with the State governments” he said
Mr. Ugbo who explained that a lot more investment was required, however said there was need for urgent private capital investment from stakeholders into the sector.
“We encounter issues such as transmission, transportation and gas supply, but we remaining n focus on ensuring that Nigerians have access to reliable and and affordable power supply”
Mr. Ugbo who noted that the agency was facing constraints in transmission, however that the NDPHC was refocusing on expansion of of sub-stations, to ease transmission and distribution of electricity.
The Director in charge of Networks, Mr. Ifeoluwa Oyedele said options were now available for business owners or communities who wished to out out from the national grid.
“We have energy that can now be provided for small scale industries who are not captured on the eligible customers programme, like the big boys in agbara estate and the like, now the national grid can focus on residential areas, so for the subscribers, the cost of production will reduce, and this will eventually rub off on the consumers”
Also, the Director in charge of Generation, Engr. Kassim Abdullahi, said NDPHC was in a private partnership to ensure development of renewable energy projects, both on grid and off grid.
“The Federal Government is now looking into renewable energy, trying to unlock other opportunities and potential. NDPHC has deployed projects like Solar home systems through the Nigerian Economy Sustainability Plan to ensure that Nigerians have access to electricity” he added
NDPHC, operators of the National Integrated Power Project, has so far constructed eight power plants with a combined capacity of approximately 4000 MW, as well as various transmission and distribution infrastructure.