INFRASTRUCTURE; POWER
1. President Jonathan launched the Nigerian Power Sector Reform Roadmap in 2010 to address the power supply deficit.
2. Unbundled PHCN Companies (11 distribution and 6 generation companies) have been successfully privatised and handed over to new owners.
3. The Nigeria Bulk Electricity Trader (NBET) has been established to drive private sector investment into the industry by executing bankable power purchase agreements with power developers.
4. The transmission of power has been concessioned to upgrade and expand the national grid network.
5. Averaged hours of power availability in 10 major cities has increased from a low of less than nine hours in 2011 to around 15 hours today.
6. Licensing has been done to facilitate privatisation of 34 IPPs.
7. Federal Government has entered into an MoU with worldwide leaders in the power sector, General Electric, to invest up to 15% equity in power projects in the country summing up to 10,000mw capacity by the year 2020.
8. GE also proposes to establish local packaging facility for small aero-derivative turbines in Nigeria.
9. An MOU with similar commitment has also been signed with Siemens, Germany. Siemens proposes to increase thermal generating capacity of up to 10,000mw by investing equity of 15% per Independent Power Project.
10. Siemens will also establish an in-country service workshop as well as fund the study of an integration of renewable energy sources to conventional source.
11. The Federal Government has signed an MOU with Daewoo E&C of Korea to invest up to 20% equity per project summing up to 10,000mw.
12. Electrobras of Brazil also signed an MOU with the Federal Government to invest in both thermal and hydro generating sources as well as in the transmission network of Nigeria.
13. The Ex-Im Bank of the United States of America signed an MOU with the Federal Government to provide an investment Window of up to $1.5billion for investors willing to invest in the Nigerian Power sector. This is the first time such an amount will be made available by the US Exim Bank for a specific sector in Africa.
14. The PowerWaterr Construction Corporation (PCC) of China has signed an MOU with the Federal Government to invest in the construction of 20,000mw gas power and 10,000km transmission line.
15. New units at the thermal power stations have been completed to increase existing generation capacity. This was done in the following locations: Olorunsogo in Ogun State, 563 MW; Sapele in Delta State, 225MW; and Omotosho in Ondo State, 112.5MW.
16. Xian Electric Engineering Co. Ltd has signed an MoU for the financing and turnkey delivery of Nigerian Transmission Upgrading Project to the tune of $1 billion.
17. Expansion of gas supply and infrastructure.
18. New procurement for power from IPPS (greenfield).
19. Commencement of the development of 2 X 1000mw coal-fired power plants at Enugu, Gombe, Kogi and axis; and 27 small/medium hydropower projects.
20. Ground breaking ceremony for the 700MW Zungeru Hydro Plant in Niger State.
21. Kick-off of the Access to Power Initiative (Operation Electrify Nigeria) of the Federal Ministry of Power.
22. Lifeline tariff of N4/kwh for those consuming below 50 kwh/month.
23. Ongoing negotiation on Mambila Hydroelectric Power Project award to produce 3050MW of electricity.
24. The Technical Monitoring Committee has been constituted by Federal Ministry of Finance to coordinate African Development Bank's support loan of $185.2 million to the power sector.
25. Two private sector-led, federal government-backed solar plants of 1000mw each under construction in Yobe and Kano States.