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FG Spends $8 billion on 10 Power Plants

By on September 10, 2012

Supergrid

The Federal Government has spent $8 billion on 10 power plants in the National Integrated Power Projects Scheme.

The Projects which have various levels of completion are expected to add 4,774 Megawatts to the power generation capacity of the country.

The Managing Director of Niger Delta Power Holding Company, James Olotu, disclosed this at the launch of Ayobo transmission facility in Lagos.

The completed NIPPs include Omotosho in Ondo State, 451 megawatts; Olorunsogo, Ogun State, 750MW; Sapele, Delta State, 451MW; and Alaoji, Abia State, 1,074MW.

Nearing completion are Ihovbor project in Edo State with capacity for 451MW; Geregu, Kogi State, 434MW; Egbema, Imo State, 338MW; Gbarain, Bayelsa State, 225MW; Omoku, Rivers State, 225MW; and Calabar, Cross River State, 561MW.

Speaking on the NIPP scheme James Olotu said, “In totality, Nigerians have contributed $8bn to build 10 power generation plants, which after completion; will give a total of 4,774MW. We are also building substations, transmission and distribution lines, as well as gas pipelines to ensure that the plants get gas when they are completed.

“By December this year, we are expecting a total of 2,500MW and more from the generation plants that will be completed; but this is subject to the availability of gas.”

He said the government was making arrangements to add between 300 million and 500 million standard cubic feet of gas to the NIPPs under an emergency agreement.