Nigeria needs an additional 195,400 megawatts to meet its electricity needs, according to Chantelle Abdul, the Group Managing Director of Mojec International Limited.
She pointed out that currently, the country is generating an average of 4,600 MW for a population of 200 million people.
For Nigerians to enjoy a constant electricity supply, there is a need for more investments in the sector that will culminate in the country being able to generate 200,000 megawatts (MW).
Abdul, who disclosed this at the yearly strategic international conference of the Association of Energy Correspondents of Nigeria (NAEC) in Lagos, said that low energy generation is responsible for the frequent blackouts being experienced in the country.
Abdul, in a presentation at the conference, said: “Based on international standards of 1 GW (1000MW) to one million people, the country is expected to generate at least 200GW (200,000MW) to give the population better access to electricity.”
She said: “Nigeria has the capacity to generate 12.5 GW (12,000 MW) of electricity, but owing to different reasons, the 29 generation companies (GenCos) are only able to generate, transmit, and distribute between 3 GW and 5 GW (3,000 MW and 5,000 MW)”.
She said that Nigeria, which is Africa’s most populous country with over 200 million people, faces surging electricity demand owing to rapid urbanisation and industrialization.
She said before 2023, there were 26 gas-powered plants and three hydroelectric plants, but the approval of 11 new GenCos in 2023 has taken the country’s electricity-generating plants to 40.
According to her, the current transmission wheeling capacity is about 8.1 GW (8,100 MW). She expressed hope that the new Electricity Act would pave the way for more investment into the sector, thereby allowing states to generate, transmit, and distribute their own electricity.
Currently, Egbin has the highest capacity as a gas plant to produce 1.39 GW (1,390 MW), and Kainji Jebba Power Plc has the highest capacity as a hydroelectric plant to produce 1.33 GW (1,330 MW).
Abdul said that solar plants could be introduced to the state governments to serve as a means to generate electricity for their various regions.
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