6,000MW To Be Added To National Grid - FG

// Latest Addition | 6,000MW To Be Added To National Grid - FG
Email to a friend Plain text Print version // Font size: Decrease font Enlarge font

The presidency through the Bureau of Public Enterprise (BPE) has assured that additional 6,000 mega watts would soon be added to the national grid to complement the 4500 megawatts currently been distributed, noting hopes of reliable power supply to Nigerians may be realised before year end.

photo

The assurance was made by the Director General of BPE, Mr. Benjamin Dikki, even as he hinted that new investors in the power sector will be taking over the facilities in October this year, after payment of 75 per cent outstanding bid price.

Dikki said that power supply in the country will improve when the private investors eventually take over, adding that the introduction of sound maintenance culture would ensure that the current installed capacity of 6000 megawatts is exploited and put on the national grid.

The director general however appealed that the investors be given time to increase capacity after take over to re-tool and bring in new machineries like turbines which are not easily bought off the shelf, adding that procurement of machinery, installation and  related activities may take up to three years.

He warned that any investor that was unable to pay the 75 percent bid balance within six months from the date the mandatory 25 percent bid payment was made, would be penalized.

Dikki allayed fears of monopoly by the investors as the necessary framework and institutional checks had been put in place to regulate their activities and ensure appropriate pricing.

He equally spoke on agriculture and the transportation sectors in the country, stressing that the Bureau was working in tandem with the transformation agenda of the present administration to transform the two sectors through the privatization of the Abuja Securities and Commodity Exchange (ASCE) and the setting up of a regulatory body in the transport sector.

“When privatized, ASCE will ensure appropriate and stable pricing for all agricultural produce and warehousing while the setting up of Nigerian Transport Commission (NTC) will regulate activities in the transport sector,” he added.

Tagged : No tags for this article

Headlines Newsview all

Bomb Explosion In Kaduna Leaves Many Dead!

An explosion has occurred in central Kaduna killing at least 10 people, a witness has said. The blast occurred Wednesday afternoon along Isa Kaita road which ...

Nollywood Actress Bukky Wright’s Second Marriage Crashes

It appears that the second marriage of popular Nollywood actress, Bukky Wright with her husband, Adewale Onitiri, has crashed. Reports say the couple almost ended the ...

Boko Haram Beheads Nigerian Air Force Officer - Very Disturbing Video Video

A disturbing video which showed a Nigerian Naval officer identified as Umar Abubakar being interrogated and later gruesomely murdered by Boko Haram men in Borno ... Full story

Popular Nigerian Pastor Chris Okotie Shows Off N400m fleet of cars

No doubt, the ageless multi award winning pop Musician, Chris Okotie; now known as Rev. Chris Okotie is a very wealthy man; who loves seeing ... Full story

Charles Okonkwo Jr., Nigerian in New York arrested after killing brother, beating respected doctor mother into a coma

Charles Okonkwo Jr., a Long Island, New York, teenager with a history of psychiatric problems killed his 15-year old brother and brutally beat his mother ... Full story

Parents Of Abducted Chibok Girls Arrive At Presidential Villa

Parents of the school girls that were abducted from Government Girls Secondary School, Chibok , Borno State on April 14, by the dreaded terrorist group, ... Full story

Sulaiman Abdulkarim Isah, Nigerian Man Wins Dubai International Holy Quran Award

A Nigerian man, Sulaiman Abdulkarim Isah has been announced winner of the 18th session of the Dubai International Holy Quran Award which was concluded on ... Full story

Rilwanu Lukman, Former Minister Of Petroleum Dead At 76

Former Minister of Petroleum, Dr. Rilwanu Lukman, is dead. He died this morning in Austria at the age of 76. Lukman, who was born in Zaria, ...

Samuel Kayode, Nigerian Pastor In UK Commits The Biggest Education Fraud In UK History

An accountant at a chain of academies championed by Michael Gove is at the centre of a fraud investigation after £4million of school funds ended ... Full story

Oby Ezekwesili Harassed By Security Operatives At Abuja Airport

Operatives of the Department of State Security this morning seized the international passport of the Coordinator of the BringBackOurGirls group and former Minister of Education, ...

Armed robbers attack Sambo’s wife aide, killing two

Armed robbers on Sunday took over the Kaduna-Abuja Express way unleashing terrors on motorists/passengers, leading to death of two persons. Also, a health practitioner in Kaduna, ...

Comment on: 6,000MW To Be Added To National Grid - FG

Rate this article

0

Featured author

Paula Obiewkwe

Breaking News

Iyabo Ojo ‘Abandons’ Movie Set For Graduation Party

Nollywood actress, Iyabo Ojo, who has been very busy on a movie set, took some time off to show affection for her cousin and nephew ...

I’m Not Dating Ramsey Nuoah—Ghanaian Actress Cries Out

Fast-rising Ghanaian actress, Emmanuela Mendoza, better known as Ella Mensah, has denied speculations making the rounds that she was dumped out of Ghanaian movies by ...

I knew I was going to emerge the Most Beautiful Girl in Nigeria 2014 – Iheoma Nnadi

The ‘Most Beautiful Girl in Nigeria’ MBGN, 2014, Miss Iheoma Nnadi has stated that she had always known she would win the MBGN title.The 19-year-old ...

EXCLUSIVE: 9ice Furious Over Wedding Reports

Top Nigerian music artiste, 9ice, seems to be angry and would not want to entertain any question from the media concerning reports him getting married ...

Selecting A Perfect Eye Shadow For Your Makeup

Eye shadows have been a long lasting trend amongst ladies. It does not only add colour to the face, but also curves the eye shape ...

US Model At War With Tania Over Wizkid

Reports making the rounds is that a US-based Nigerian model named Caroline Ikpea is not at loggerheads with Tania Omotayo, girlfriend of wave making Nigerian ...

Danger Of Celebrities Posting Pictures Of Maids Online

It is gradually becoming a trend for Nigerian celebrities to show off their domestic staff on the internet through social media platforms like Instagram and ...

Video: Omotola Jalade-Ekeinde Has the Sexiest Accent in Nollywood?

Jordan Burchette noted the 12 sexiest accents in the world for CNN Travel on November 30, 2012, and he ranked the Nigerian accent as the ...

Genevieve Nnaji announces 18year old aspiring actress, Bola Suru as winner of “Act The Part” online contest

Genevieve Nnaji has announced the winner of the “Act the part” online contest, which kicked off three weeks ago as 18year old aspiring actress, Bola ...

Photos: Jonathan in Close Door Meeting with Parents of Chibok Girls

Earlier today, it was reported that thebparents of abducted Chibok girls will meet with President Jonathan on Tuesday, July 22nd. They finally the president had ...