How power supply will improve in Nigeria by October – Things seem to be looking up in terms of electricity supply in the country as power might improve in a number of months.
This is coming based on the contribution of a multinational company.
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Further improvements in electricity supply across the country look imminent as Lafarge Africa Plc says its newly built 220-Mega Watts power plant at Ewekoro, Ogun State will commence operation in October.
Lafarge made this known in a statement released recently. The company said the power project worth $400m (about N78.8bn) was executed in partnership with the International Finance Corporation and Wartsila.
The company said the project is one of its many efforts at ensuring an enabling environment for new investments and Nigeria’s economic growth.
The power project will enhance 1.4million households’ access to electricity and help mitigate energy problems of many other firms across the country.
The News Agency of Nigeria (NAN) reports that the Nigerian Electricity Regulatory Commission (NERC) licensed embedded power companies to boost electricity supply in the country.
Embedded power companies are not primarily power generating companies, but they generate extra power from their operations and sell the surplus to the national grid or the distribution companies.
Many companies and homes runs on generating sets to generate power for their various use.
Nigerians have expended billions of naira to generate their own power.
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