Minister of Power, Works and Housing, Mr Babatunde Fashola (SAN) has said that the federal government is considering concessioning six hydro dams to private operators under the build, operate and transfer, BOT initiative.


He said the plan is part of government’s resolve to raising power generation and expanding its drive in the renewable energy space. Fashola, who made the disclosure in a keynote address at the 2018 pre-conference workshop of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos, yesterday, said that the current component of grid power consists mainly of gas-fired power which is 85 per cent and hydropower 15 per cent and that there is the need to produce an energy mix that targets a 30 per cent component of renewable energy out of the gross energy produced by 2030.

He said: ‘‘let me be clear and unequivocal by saying upfront that our commitment as a nation and government to pursue renewable and low carbon energy at low cost is clear, firm and unshaking.’’


The minister said government recently approved an integrated energy mix targets under Electricity Vision 30:30:30 which targets generation of 30 GW in 2030, with 30 per cent from renewable energy sources.

The minister said that Africa has trillions standard cubic feet of natural gas reserves, billions of barrels of crude oil reserves and billions of tonnes of coal. He also explained that concessioning of the dams was aimed at energising educational institutions and markets in the country.



“These are government-led initiatives based on the rural electrification plan approved by the President in 2016 to provide access to power for rural dwellers and vulnerable members of our society. We proposed to use six small hydro dams that had been abandoned for decades, Federal Government owned universities and some markets as anchors.

“Apart from the universities, where government is directly funding the intervention, the markets are being privately funded. There are currently 15 markets under contemplation with Ariaria, Sabon Gari and Sura markets in Aba, Kano and Lagos as flagships.


“Our thinking is simple. While the whole value chain and power privatisation gradually evolves, it is possible to create oases of success by showing to our children that they can have reliable power while in school.


“If that is a reason to get children to school and keep them there, certainly, no good business can oppose this.


“Indeed, it seems to me sensible to expect that the future of today’s business and even government rests solely on the quality of education that the current generations of students get.

“As for the markets, the 37,000 shops in Ariaria, about 13,000 in Sabon Gari, and about 1,000 in Sura represent SMEs, where the majority of our people earn a living,’’ he said.


Fashola said that Nigeria as a committed member of both the United Nation, African Union and ECOWAS has adopted several international treaties and policies which promote the use of renewable energ

Dr Andrew Ejayeriese, the President of NAPE said that Nigeria is the largest economy in Africa and the twenty-second globally, adding that it is projected that the economy could rise through the world ranking to top 10 in 2050 with a projected GDP of US46.4 trillion.

More details at https://www.akelicious.net/2018/11/fg-to-concession-6-hydro-power.html

I just hope they actually match their words with action. Nigeria should by no standard be suffering power supply problems.

We have this problem because those who are importing generators want us to continue to be their slaves and nothing more. No country with the same amount of resources as us is suffering this shiit.

Renewable energy is the way to go. I wonder why our major sources are still through gas turbines and hydro with technological advancement running amok all over the world? Gas and hydro are not renewable!

What happened to Solar plants and wind turbines? These are the major renewable energy sources with zero emissions.

Why can't government make standardised solar generation kits available and affordable to private homes (like cable tvs and mobile fines?).

Let people (who chose to) generate their individual power (through solar and wind turbines) while government face industrial consumers.

Ok

Do whatever you like...just give us steady power
24/7 power generation in Nigeria shouldn't be a rocket science

The entire article is junk. I can't make head or tail of Fashola's statements. Anyway, it's too late to concession anything. Buhari should go.

We r reserving our champion for the last

IamaNigerianGuy:
The entire article is junk. I can't make head or tail of Fashola's statements. Anyway, it's too late to concession anything. Buhari should go.

Maybe because you are more interested in buhari going than anything else.

But rest assured he will go but that's if people don't vote for him in 2019 not because a nobody thinks he should go.

Your pain just started.

There’s a big racketeering going on in the power industry. The power industry is the business unit each govt use in fraudulently enriching themselves.

I doubt if there’s gonna be a stable power in this generation ie none alive in Nigeria today will witness 24/7 power supply may be the next generation will if proper accountability is upheld and politicians siphoning from the industry are felt with.

They will sell them to their allies

abescom:

IamaNigerianGuy: :
The entire article is junk. I can't make head or tail of Fashola's statements. Anyway, it's too late to concession anything. Buhari should go.

Maybe because you are more interested in buhari going than anything else.

But rest assured he will go but that's if people don't vote for him in 2019 not because a nobody thinks he should go.

Your pain just started.

His pain has not just only started.... It has been dancing shaku-shaku for eons.
I was even thinking he is incapable of understanding and that it actually takes some level of investment in ignorance and hatred to attain his level

Fashola's high reputation has been rubbished by this useless government,as long as i'm concerned,all those things he said is trash,this is four years approaching and Fashola has nothing to show in the power sector.

Fash..this days I dey suspect all your moves

Slim101:
Renewable energy is the way to go. I wonder why our major sources are still through gas turbines and hydro with technological advancement running amok all over the world? Gas and hydro are not renewable!

What happened to Solar plants and wind turbines? These are the major renewable energy sources with zero emissions.

Why can't government make standardised solar generation kits available and affordable to private homes (like cable tvs and mobile fines?).

Let people (who chose to) generate their individual power (through solar and wind turbines) while government face industrial consumers.

Hydropower is actually a renewable energy source.

A government that is not capable of providing basic amenities is surely incapable of making affordable solar kits available. Even the advanced countries have to provide heavy subsisdies for solar and wind. They still remain very expensive compared to coal and natural gas. Popular renewables - wind and solar - are a pipe dream for now. Let us focus on things that we can sustainably afford.

All on paper

Sell everything to yourselves as una dey leave government

Politicians as usual

Like his failed concessioned of the Lekki Epe toll ? Fashola is a chronic con artist

Our power generation has been oscillating for donkey years all we need is to work the talk.

selling all out properties

IamaNigerianGuy:
The entire article is junk. I can't make head or tail of Fashola's statements. Anyway, it's too late to concession anything. Buhari should go.

It's junk because of your low comprehension capabilities. If it were crime and stealing, you would have easily picked up the information. Sorry for you.

Let us see how this would prove the light situation.

I thought all have been concessioned before

Slim101:
Renewable energy is the way to go. I wonder why our major sources are still through gas turbines and hydro with technological advancement running amok all over the world? Gas and hydro are not renewable!

What happened to Solar plants and wind turbines? These are the major renewable energy sources with zero emissions.

Why can't government make standardised solar generation kits available and affordable to private homes (like cable tvs and mobile fines?).

Let people (who chose to) generate their individual power (through solar and wind turbines) while government face industrial consumers.

Nice points. Each individual can generate power for their own consumption. But hydro power is renewable also. The problem with it is that dams block established pathways for marine animals to access food or bread. So it is better to create another path of water for such animals when a dam is creates.

yusuff Buhari will buy three of them

contigiency:


It's junk because of your low comprehension capabilities. If it were crime and stealing, you would have easily picked up the information. Sorry for you.

It is low IQ people like you that drag Nigeria backwards.

This government has been in power for 3 years, no results. Two and a half months to the polls, they start talking about concessioning hydro power plants. And you think the rest of us are as dumb as you who accept these lies ? Your standards of governance are abysmally low.

Buhari should think about concessioning his cows, Fashola can give him advice on that.

JohnFrankling:
They will sell them to their allies

You think we are atiku ba?

abescom:
I just hope they actually match their words with action. Nigeria should by no standard be suffering power supply problems.

We have this problem because those who are importing generators want us to continue to be their slaves and nothing more. No country with the same amount of resources as us is suffering this shiit.

There you go! I like that. We need to find and point fingers at those who sabotage efforts of government.

Watch Atikulants come in and blame Buhari now.