Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,157,927 members, 7,835,092 topics. Date: Tuesday, 21 May 2024 at 03:53 AM

FGN Power Company Set To Commission New Power Equipment, Vows To Ramp Up Electri - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / FGN Power Company Set To Commission New Power Equipment, Vows To Ramp Up Electri (166 Views)

Tinubu Appoints New Members Of FGN Power Management Team / Nigeria Recovers 693 Power Equipment Containers Abandoned At Ports For 15 Years / American Based Company Set To Invest Over $10 Billion In Coastal Rail Line (2) (3) (4)

(1) (Reply)

FGN Power Company Set To Commission New Power Equipment, Vows To Ramp Up Electri by akelicious(m): 10:31am On Sep 22, 2022
*FGN Power Company set to commission new power equipment, vows to ramp up electricity supply*

All is now set for the commissioning of the first set of power equipment procured by the federal government in the determined effort to improve the supply of electricity to Nigerians.
The equipment, which include; transformers and mobile substations, procured in partnership with Siemens Energy, were purpose-designed to meet Nigeria’s power supply needs in a phased programme that will see to the generation and distribution of 25,000 megawatts of electricity by 2025.
Speaking during a fireside chat at the Nigeria Energy Conference and Exhibitions, held at the Landmark Centre, Oniru, Victoria Island, Lagos, Managing Director and Chief Executive Officer of FGN Power Company (FGNPC), Mr. Kenny Anuwe, said the company is set to commission the first set of these power equipment that have already arrived in the country, with the aim to sustain the tempo until power disruptions in the country becomes a thing of the past.
Although he was reluctant to provide exact dates, Anuwe however suggested the formal commissioning ceremonies will begin before the third week in October 2022, at a location in Lagos, while the second set of equipment will be unveiled in Abuja at a later date.
He said with the new equipment, power supply will rise to a minimum of 7,000 megawatts, and assured that the company is committed to execute its plans until all the targets set towards ending power disruptions in the country are brought to an end.
“The Federal Government is determined to make a difference in the lives and livelihood of Nigerians, and with the pace of work being put in the project so far, I think we would exceed 7,000 Mega Watts, but this is our first objective, and we are not taking our eyes off that ball. We want to hit that target and to exceed it and that is a confirmation that improvement in electricity supply is absolutely doable,” Anuwe said
He said that FGNPC has adopted a transparent and sustainable model that will deliver on the objectives of the project across the electricity supply value chain, a procedure he believes, will win the trust and support of Nigerians
Although he admitted that the energy needs of a country the size and capacity of Nigeria exceeds 7,000 megawatts, he said the set threshold is a minimum target that will continually be improved upon until the average Nigerian has access to electricity supply without recourse to the more expensive and environmentally hazardous alternatives.
He explained that FGNPC was established by the Federal Government as a special purpose vehicle for the implementation of the Presidential Power Initiative (PPI), in an effort to make the task of ramping up electricity supply easier.
“The FGN Power Company was set up as a special purpose company to implement the PPI. But it's core mandate is in three broad categories; number one is to secure financing for the programme; number two, to engage with stakeholders right across the value chain, and number three, to coordinate the implementation of the Presidential Power Initiative. It also includes engagement in engineering and procurement contracts (EPC) and master content management (MCM), all fashioned to deliver for Nigerians, all the objectives set in the PPI,” he said.
On the roles to be played by the Generating Companies (GENCOS) and Distribution Companies (DISCOS) under the new order, Anuwe explained that the establishment of FGNPC does not impact the roles of the players in the electricity value chain, since, according to him, the arrangement takes the form of a partnership than role absorption.
“The GENCOS and the DISCOS will continue to play their part in the value chain of delivering energy to consumers right across Nigeria. What will be different is that they will now have a partner in FGN Power Company that is enabled to actually implement a program that supports their businesses in sustainable ways, while strengthening their ccapabilities to deliver value to their custumers,” the FGNPC boss said.
He praised the partnership between Nigeria and FGNPC on the one hand, and the German Government and Siemens Energy, on the other, explaining that the relationship will bear long term benefits to Nigeria and its people.
Siemens, he said is a world leader in original equipment manufacturing (OEM), who are also playing the role of a partner, while also providing support in financing and other technical aspects of the project.
Beyond their role as Original Equipment Manufacturers, Anuwe said Siemens I is in the project as implementation partners that is supporting Nigeria by enabling financing.

Re: FGN Power Company Set To Commission New Power Equipment, Vows To Ramp Up Electri by Nobody: 10:33am On Sep 22, 2022
That would be great
Re: FGN Power Company Set To Commission New Power Equipment, Vows To Ramp Up Electri by HarlequinLekex: 10:46am On Sep 22, 2022
Na those politicans houses or estates they will channel it to,who are they deceiving?

(1) (Reply)

2023: Why We Won’t Merge With Peter Obi’s Labour Party – ADC Presidential Candid / Ezeokafor, Ezeife, Others Storm Aguluezechukwu / What Is Wrong With Refuse Collection In Lagos

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 15
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.