The The federal authorities expects 1,268 megawatts of energy from the concession and growth of eight hydropower initiatives within the brown and inexperienced subject constructed by way of public-private partnerships.
It was discovered that three of the power initiatives had already been given to concessionaires, whereas the Federal Government Council had permitted the concession of one other power undertaking.
A February 2024 doc acquired by our correspondent from the Federal Ministry of Water Assets and Sanitation in Abuja on Friday famous that whereas three of the hydropower initiatives had been accomplished, the remaining 5 had been at numerous levels of completion.
The doc was introduced to the Nationwide Council for Water Assets and Sanitation by the Minister of Water Assets and Sanitation, Prof. Joseph Utsev, throughout its thirtieth common assembly.
The nation suffers from poor power era and provide, as electrical energy corporations generate and distribute between 3,000 and 4,000 MW for a inhabitants of greater than 200 million folks.
The dire electrical energy provide state of affairs has worsened since January this 12 months after suppliers of fuel to gas-fired thermal energy vegetation stopped supplying the product to the vegetation as a result of energy vegetation' $1.3 billion money owed.
To ease the disaster, the federal authorities has invested in hydroelectric energy stations that don’t use fuel, however are powered by water-powered generators.
The Minister of Water Assets in his ministry's newest presentation said that super progress has been made within the growth of hydropower within the brown and inexperienced subject by way of public-private partnerships.
“We’ve definitively concessioned quite a few initiatives whereas we’re nonetheless growing others by way of numerous PPP fashions, that are specified as follows: Concession of the 40MW Dadinkowa Hydropower Venture in Gombe State. We’ve achieved monetary shut and the plant is operational, stabilizing transmission voltage in North East Nigeria.
“Concession of the 30MW Gurara Hydropower Plant in Kaduna State to monetary closure and the plant, at present beneath rehabilitation, will begin industrial operation within the third quarter of 2024.
“Concession of the 40MW Kashimbila Hydroelectric Energy Station in Taraba State. The approval of the Federal Government Council has been obtained, the concession settlement has been executed and the preliminary compensation has been paid by the concessionaire into the particular concession account permitted by the Federal Ministry of Finance, Finances and Nationwide Planning,” Utsev mentioned.
Outlining different initiatives, the minister mentioned: “Improvement of a 360MW Gurara Part II Hydropower Venture in Niger State (Engineering, Procurement and Development Contract Awarded and FEC Approval for the Concession to Function and Keep the Energy Plant by way of a PPP mannequin protected).
“Improvement of 136 MW Manya and 182 MW Bawaku hydropower initiatives in Taraba and Benue states respectively. That is within the tender stage and able to transfer on to the Request for Proposal stage.
“Improvement of the 460 MW Katsina-Ala Hydropower Venture in Benue. That is additionally within the tender part; transfer to the request for proposal/negotiation stage with the proposer.
“Improvement of 20MW Farin Ruwa Hydropower Venture in Nasarawa State. A request for qualification commercial has been positioned within the Federal Tenders Journal and nationwide newspapers in order that the federal government will get worth for cash.”
In addition to giving the ability vegetation to concessionaires, in a bid to develop the nation's electrical energy manufacturing, the federal authorities had additionally made makes an attempt to unload some energy vegetation to lift funds and increase power manufacturing.
For instance, on January 24, 2024, it was completely reported that the federal authorities, by way of the Bureau of Public Enterprises, executed transactions for the sale of 5 energy vegetation beneath the Nationwide Built-in Energy Tasks for about $1.15 billion.
The report said that whereas sources acquainted with the event defined that the price of the vegetation ought to exceed $5 billion based mostly on worldwide benchmarks, they revealed that the BPE meant to promote the amenities at a worth barely was above $1.1 billion.
The Appearing Director Normal of BPE, Ignatius Ayewoh, had confirmed to our correspondent in a short phone dialog that “the transaction continues to be ongoing”, including that “it has not but been accomplished”.
The BPE boss didn’t reveal the prices for the 5 factories, saying he was in a gathering and couldn’t present extra particulars on the time.
Impeccable sources within the company had, nevertheless, listed among the many 5 energy vegetation the 434 megawatt gas-fired Geregu II energy plant in Kogi; 451 MW Omotasho II Plant in Ondo; and a 750 MW Olorunshogo II plant in Ogun State.
Others embrace the 563 MW Odukpami Energy Plant in Calabar, Cross River State; and the 451 MW Benin-Ihovbor plant in Edo State.
It was decided that the Omotosho plant, which has 4 power-generating generators, could be offered for about $85 million; whereas the Olorunsogo NIPP with additionally 4 generators would price $170 million.
