The Minister of Power, Adebayo Adelabu, says the long-awaited Zungeru Hydroelectric Power project has been completed and is to start supplying 700 megawatts of electricity to the national grid by month-end.
Adelabu said this on Wednesday in Abuja during an interactive session with Journalists at the Ministry of Power headquarters.
He noted that the development will boost power supply nationwide and significantly fill the gap in the nation’s electricity demand.
The Zungeru hydroelectric power plant is a $1.2 billion investment by the federal government to expand the base-load generation in the country and enhance the grid’s ability to take renewable energy.
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Speaking on the operational licenses issued to investors in Nigeria’s power sector, Adelabu explained that the ministry is currently carrying out an investigation on the renewal of licenses to the distribution companies.
The ten-year-old licenses issued to the Electricity Distribution Companies and Electricity Generation Companies (GENCO), are due for renewal on November 1, 2023.
(Editor: Ena Agbanoma)
