Nigeria is considering offers of more than $20 billion for the assets of its national electricity transmission company as it struggles to provide adequate power to Africa’s largest economy, Power Minister Chinedu Nebo said.

The sale of state-owned Transmission Co. of Nigeria may start “in a few years,” Nebo said in a Sept. 12 interview with Bloomberg Television Africa in Abuja, the capital. The government will also focus on developing renewable energy projects to diversify its supply of electricity, he said.

“The interest now for transmission is over $20 billion,” he said on Sept. 12. “People are coming from everywhere.”

Transmission is the only segment of the power industry that the government still controls as it seeks to curb regular blackouts in Africa’s largest oil producer. The country generates about a 10th of the power that South Africa does even though its population of about 170 million is more than three times larger.

The government of President Goodluck Jonathan is spending $3.5 billion to boost transmission capacity by 50 percent. Nigeria sold 15 state-owned generation and distribution companies to raise funds.

The current transmission capacity of Abuja-based TCN is 5,500 megawatts compared with an installed generation capacity of 8,000 megawatts, Nebo said. This means that if generation companies were operating at full capacity, the grid would be unable to transmit all of the power to homes. The government wants transmission capacity to exceed 6,000 megawatts by 2016, Nebo said.

Neglected Coal

Power generation is significantly lower than capacity, partially due to problems of transporting gas to power plants. Many companies and individuals are compelled to use diesel-powered generators to ensure adequate electricity.

“Gas supply has been a limiting factor,” said Nebo, who is working with Minister of Petroleum Resources Diezani Alison-Madueke to make enough gas available to generation companies to match the transmission capacity by the end of next year.

“Nigeria is moving in the direction of trying to have a robust energy mix,” he said.

Coal is another resource that could generate 3,000 to 5,000 megawatts of power “in the next several years” after government reclaims unused coal blocks, the minister said.

“We are working on making sure those coal blocks are taken away from those who have refused to develop them over the decades and are given to those who can actually develop them,” he said.

Canadian Managers

Officials are deciding which model to adopt for the company’s sale. Manitoba Hydro-Electric Board of Canada’s three-year management contract ends next year. The process could take the form of a public-private partnership, a concession or a build-operate-transfer, Nebo said.

While divesting from most other parts of the power industry, the government is planning to invest more in renewable energy such as solar and hydro power, Nebo said.

“The government is very intent on making sure that the renewable energies kick off because we cannot continue to depend on only one or two means to continue giving electricity to our people,” the minister said, citing the planned 700-megawatt and 3,050-megawatt hydropower plants in Zungeru and Mambila. Both plants are in central Nigeria.


http://www.bloomberg.com/news/2014-09-14/nigeria-considers-20-billion-offers-to-sell-transmission

I am tired of the electricity news, meeting up to different thousands of kwatts everyday. the nigerian govt to go and bleep the f up.

who gains when nigeria don't have 24 hrs light(electricity)? pls my concern brothers and sisters, don't say dangote or otedola or capital oil, those boys feed off crumps.

who will loose when nigeria has 24 hrs light? with 24 hrs light, all the nigerian billionaires will make more billions and there will be more than a thousand billion more in less than 2 years.

what is worst than not have constant light, is its fluation. it distrupt our brain functions (off and on) hundreds of times a week is bad for health, who gains from that? the nigerian health department has no infrastructure to detect the sickness caused by light fluation, let alone a remedy.

so who GAINS?

A NIGERIA with 24 hrs light will disrupt the global economy, it will turn it upside down within 2 years. who will gain and who will loose?

A NIGERIA with 24 hrs light means 24 hrs light for all black nation. who will loose.

when we address this issues, nigeria will have light without spending 20,000 naira, all it will take is sacrifice, which we are willing to pay if the bleeped up govt allows us.

Election funds.

Finally FP tinz!!! All those claiming there's nothing to it don't know the feeling of going to toilet after eating beans and kulikuli Good lord , i actually feel like this 2014 is it.



Back to the topic: I believe Nigeria would have light one day.


Sorry; constant light

Errmm... What do I say?

This is not the first time we're hearing stories like this. It has always been a propaganda for a particular government to extend it's administration. Lets hope this one actualises as planned.

But till then, I will keep my fingers crossed.

good one

Good development

this topic is coming up d second time on front page..



abeg op which connection u get w it seun

Why is there two of this same topic on fp


Edited. Same o'l bullcrap about what's being done rather than what's done

Hope this is not one of those stories we have been hearing since........1960

My own be said make they bring light ..

In other words, it means that even if Nigeria manage to overcome their power generation challenges, we will still face another problem of transmission.

I better venture into Generator importation!

if it will make my neighbor stop disturbing me with his aba made 1972 model of wide mouth exhaust pipe noise making "I have arrived" generator, den is an extremely nice move

shai after 5 weeks i get a first page comment.

Dere is God o

yeah coming from everywhere to invest, then own us for eternity..... just like mtn and co

Ha!.....Same old story.
Obasanjo should come forward and give Nigerians convincing explanation as to what happened to the $16b he proclaimed to have injected into the sector,and now they about selling.

Like seriously?? This sounds like poo!

When are we going to achieve dat?


we want action

Booking space since 2000Bc

I have a dream,that one day,Nigerians will have a stable supply of electricity

Akpors went to a software store, on spotting a brightly coloured software disc with inscription Mozilla Firefox 4.0 . Akpors said to himself ' Nna men this war film na die' .Akpors called the attendant ' Plz o my son, do you have the season one and two of this movie?' The attendant fainted.

strykr: ...

frankben: Books space.
Goes back to read the story

datguru: good one

datbay: Good development

Vstuffs: Hmm

datguru: goood one

Vstuffs: Hmm

All this rubbish in the name of FTC.
Nairaland is turning to juvenile site.

okay

A beg checkout my sexy signature

If u know your area is now enjoying light more than before click like,

kenbee:

All this rubbish in the name of FTC.
Nairaland is turning to juvenile site.

must you quote me ...maybe you are the one turning it to a juvenile site

So you expect me to start writing a long epistle..and end up in page 2


Guy go learn how to do....fastest finger

pls someone shld explain wat d tread is all abt.

kenbee:

All this rubbish in the name of FTC.
Nairaland is turning to juvenile site.

Nothing Stops you from joining the NLAOSB (nairaland association of space bookers ). It's free

Na today

kenbee:

All this rubbish in the name of FTC.
Nairaland is turning to juvenile site.

smart guy
u don use style book space too

Mtcheeew, Another Way To Siphon Money

Hope say no be another fraud i dey percieve so?