Economy
FG to resuscitate old Power Plants in 2018 – Buhari
President Muhammadu Buhari has said that the federal government would resuscitate old power projects to boost power supply across the country in 2018. The president said “Repairs of Afam Power Station added 110MW in 2017 and another 240MW will be added this year through a private investment partnership. Katsina Power Project is now being tested and producing 10MW of power from wind for the first time in Nigeria. It should be fully operational this year.”
“The Zungeru 700MW Hydroelectric Power Project, stalled by court cases is due for completion in 2019. The transmission and other requirements to operate the 30MW Gurara Phase 1 Hydroelectric Plant, the 40MW Kashimbilla Hydroelectric Plant and the 215 MW Kaduna Gas/LPG/Diesel Power Plant will also be completed this year.
“A landmark project, Mambilla Hydroelectric Power Project is, at last, taking off. This project has been on the drawing board for 40 years, but now the engineering, procurement, and construction contract for the 3,050MW project has been agreed with a Chinese joint venture company with a financing commitment from the government of China. Completion is targeted for 2023.”
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