FG unveils roadmap to address power sector challenges
The federal government has unveiled a road map aimed at resolving the existing challenges in the power sector.
Speaking at the signing of the implementation agreement with Siemens earlier this week, the director-general of BPE, Mr. Alex A. Okoh, said the “Nigeria Electrification Roadmap is structured into three phases.”
The head, public communications, Amina Tukur Othman, in a statement on Friday said the first phase “will focus on implementing projects that would greatly improve power supply in Nigeria within a short period of time.”
The objectives, according to her, are to deliver an additional 2GW to the grid, to significantly reduce ATC&C losses, and to achieve improved grid stability and reliability.
Okoh said to determine the measure of financial intervention and the mechanics for making funds available to implement the roadmap, the immediate step, post signing this agreement, is to commence detailed commercial negotiations with the Distribution Companies and the Transmission Company of Nigeria (TCN).
He expressed gratitude to President Muhammadu Buhari for “his steadfast support and commitment to ensuring that efficient, stable, quality, reliable and affordable power is delivered to Nigerians.”
He also appreciated German Chancellor Angela Merkel for the support of the German Government with regard to the Nigeria Electrification Roadmap.