Thursday, 23 May 2013

Power Generation to Reach 6,000MW in July

The Minister of State for Power, Hajia Zainab Kuchi, has disclosed that power generation will increase from its current 4,500 to 6,000MW in July and rise further to 10,000MW by December.
The minister made the assertion during a meeting with the Senate Committee on Power, where she disclosed that a whopping N347 billion would be needed for the transmission network as power generation increases.
According to her, even though the process of privatising the companies created from the unbundling of Power Holding Company of Nigeria (PHCN) had been completed, the generating and distribution companies that were bid for last year could not be handed over to successful bidders because the companies were currently not in good shape.
She added that the delay in putting the companies in good shape was caused by non-availability of funds, explaining that the power ministry had not received any budgetary allocation since January.
She however assured the lawmakers that all power companies that were bid for last year would be duly handed over to bonafide owners in December.

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