Press Releases

Lagos Plans 20,000MW By 2015

Apr 24, 2008 - In its bid to meet the energy needs of the state put at about 13000MW the Lagos State Government has indicated that its initiative at delivering power will produce 20000MW by 2015.

Stating this at the technical session on Energy at the Lagos Economic Summit (Ehingbeti 2008), the Commissioner for Establishment and Training Mr. Jide Sanwo-Olu noted that the initiative revolves around partnership with private sector organizations to develop environmentally friendly energy such as hydropower and wind power plants.

He said the state require partnership in the area of generation of power using such renewable sources as water, sun and wind.

He added that the local manufacture of components and improvement in the capacity of the networks to deliver power efficiently are the areas where urgent action is needed.

In his remarks, the Special Adviser to the President on Electric Power, Engr. Joseph Makoju noted that Nigeria has a 5000MW deficiency in the power requirement adding that such can only be met through planned budget funded jointly and in partnership between the government and people.

He said the Energy Sector is currently experiencing “limited credible interest” from the private sector since the sector is not presently financially self sustaining.

Makoju also noted that since the present tariff regime cannot meet the cost of rebuilding collapsed infrastructure government is reluctant to invest in the sector.

He said the solutions to the problems lies in having the political will a national consensus and an honest commitment on the part of the leaders.

In his remarks, Oando PLC boss, Wale Tinubu called on the Lagos State Government to work with the private sector to harness its energy sources to derive economic growth.

According to him such partnership should focus on research and development of the renewable energies for shared utilities, encourage cluster based distributed generation initiative and the adoption of compressed natural gas for vehicular use.

He also said the state must take active step in securing available natural gas assets to provide energy required through the acquisition of interests in oil and gas fields and joint participation with the OPS in the development of offshore gas gathering systems.

 

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