The Nigeria’s power sector is ready to receive a major boost according to the minister for Power, Works and Housing,
Mr Babatunde Fashola, hinted that Nigeria’s power generating companies (GenCos) are now able to produce 7,000MW.
He also made this known on recently at the 1st Stakeholders Workshop on Taking 2000MW Unutilized Power to Eligible Customers, which was held with the Manufacturers Association of Nigeria (MAN).
He added that the Transmission Company of Nigeria (TCN), is able to transport all of this power just as it is expanding its capacity daily, adding that the distribution companies have also increased their load taking capacity to 5,000MW.
“What we gather to do today is to open the window for sales to the Eligible Customers. There can be no better time to explore this option than when there is the inventory of unsold power with the clear promise of more to come,” the Minister stated.
He explained that the market must be open to all willing buyers, adding that access to power for manufacturing and production is a big bridge towards the diversification of the economy.
The president of the Association, Frank Jacobs, stated that its members were ready and willing to take up the 2000 MW stranded generated power to carry out their manufacturing businesses which will in turn, to boost the nation’s economy.
