.png)
.png)
1 week ago
9
- For $328.8 million, FG entered into a declaration with China Machinery Engineering Corporation (CMEC), a Chinese business
- The extremity is to grow and amended Nigeria's electrical transmission infrastructure and heighten grid dependability
- The statement covers engineering, procurement, construction, and financing for the gathering of 330kV and 132kV transmission lines
Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.
Under Phase 1 of the Presidential Power Initiative (PPI), the Federal Government has contracted with China Machinery Engineering Corporation (CMEC), a Chinese company, for $328.8 cardinal to upgrade and widen Nigeria's electrical transmission system.
Source: Getty Images
The woody addresses Engineering, Procurement, Construction, and Financing (EPC+F) for the nationwide operation of 330kV and 132kV transmission lines with the extremity of lowering stranded procreation capableness and enhancing grid dependability.
A peculiar intent institution created by the national authorities to supervise the PPI's implementation, FGN Power Company, volition coordinate the initiative.
Speaking astatine the declaration signing ceremonial successful Abuja, Power Minister Adebayo Adelabu stated that the statement would screen 544 kilometers of transmission lines connected some brownfield and greenfield locations, with a combined load capableness of 7,140 megawatts.
He clarified that the nation's system would beryllium strengthened by these captious infrastructure projects, which would service arsenic the superior conduits for supplying much powerfulness from midstream transmission consecutive to residences, workplaces, and industry.
In bid to code enduring bottlenecks successful Nigeria's powerfulness worth chain, the Power Minister characterized it arsenic an indispensable step. He underlined that improving the transmission web is important to guaranteeing the effectual transportation of generated energy to extremity customers.
He said that the agreement's signing showed however committed the national government, led by President Bola Tinubu, is to supply Nigerians dependable and dependable electricity.
7 firms permission nationalist grid to make electricity
Meanwhile, arsenic Nigeria continues to conflict its powerfulness outage and incessant grid collapses, more institutions are leaving the nationalist grid to make power.
Another six firms and 1 backstage assemblage person conscionable secured their licence from the Nigerian Electricity Regulatory Commission to make and administer electricity.
The 7 firms, which see the Nile University of Nigeria successful Abuja, volition beryllium generating up to 30MW of energy nether antithetic arrangements.
Source: Getty Images
According to the NERC, Daybreak Power Solutions Limited secured a one-off grid procreation licence with a gross capableness of 2.63 MW successful Q4, 2024. Another 4 applicants besides got permits to make captive powerfulness amounting to 22.50MW.
These see the Nile University of Nigeria, Airport Road, Jabbi Abuja (10 MW); Quantum Paper Limited, Agbara, Ogun State (7 MW); Ro-Marong Nigeria Limited successful Amuwo-Odofin, Lagos (4.40 MW); and Psaltry International Company Limited, Alayide village, Oyo State (1.10 MW).
Nigerians respond to mediocre powerfulness proviso amid higher energy tariffs
Legit.ng reported that hardly weeks aft the Nigerian powerfulness assemblage achieved a caller grounds successful powerfulness generation, Nigerians person been experiencing prolonged blackout for days without explanation.
This has triggered reactions from people, particularly customers connected the Band A feeder who wage much for electricity, and expect to get astatine slightest 20 hours of powerfulness proviso daily.
Reports amusement that customers successful immoderate states are protesting online and offline, demanding answers from the energy organisation companies with which they straight interface.
PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!
Source: Legit.ng
