2023: Peter Obi promises to increase power generation to 25,000mw by 2025

LABOUR Party (LP) presidential candidate, Peter Obi, has promised to increase the country’s power generation capacity to 25,000 megawatts (mw) by 2025 if elected President in 2023.

Obi made the promise in his 72-page manifesto titled, ‘It’s POssible: Our Pact with Nigerians’.

He said his administration would reform and restructure the Nigeria Electricity Supply Industry (NESI) to deliver adequate, accessible, reliable and affordable power to Nigerians while also delivering the needed energy to move Nigeria to a competitive and productive economy.

The former Anambra State governor said he would take decisive decisions to end Nigeria’s chronic power shortages through adequate and tailored investments in various sources of electricity and transmission lines.

According to him, he would complete the ongoing “$2.3b Nigeria-Siemens network improvement deal to achieve 7,000mw stable capacity by 2023, 11,000 megawatts by 2024, and 25,000 megawatts by 2025”.

Obi also promised to retain top local and international financial advisers to restructure the Transmission Company of Nigeria (TCN), and contract an experienced grid operator to manage it to deliver, through callable financial guarantees, a resolution to the existing transmission challenges, persistent grid stability and an expanded capacity for Nigeria’s future power transmission needs.

The LP flagbearer added that he would urgently re-engage the 14 Independent Power Producers (IPPs), who had, in 2016, initialled Power Purchase Agreements (PPAs) worth $2.5 billion to build a total of 1,125 megawatts of installed solar capacity for delivery to the national grid.

He stated that he would remove the main structural impediments to reaching financial closure and negotiate a win-win PPA with an excellent list of local and international investors who have already demonstrated their capacity to fund these projects.

“We will invite experienced local and international developers to sign new PPAs for 8,000mw of solar and wind plants, including offshore wind farms in the Lagos, Warri and Port-Harcourt coastal areas with a mandatory latest commercial operation date of December 2025,” he said.

“We will restructure the Niger Delta Power Holding Company (NDPHC) to release its 4000mw of generating capacity by bringing on stream Gbarain, which had a fire incident, Ihovbor, with a turbine failure, Olorunsogo, Alaoji, Calabar and Sapele IPPs, as well as ensuring that Sapele, Omoku, Alaoji, Omotosho II, Olorunsogo II, and Geregu II, all return to optimal status, to generate up to their nameplate capacity.”

To finance the power sector, Obi said he would as a matter of principle, implement financing of power projects through different financing mechanisms including project and export finance, trade finance advisory and insurance, development and multilateral institutions’ long-term debt facilities and export credit insurance.

He added that the private sector participants will be incentivised to provide equity, expertise, governance, warranties, bonds and other suitable financial and performance guarantees as a condition for participating in the electricity sector.

Obi stated that the manifesto laid out his “mission focus and mandate for securing, uniting and making Nigeria productive”.

This is how a manifesto should look like.

I so much believe in this man

All all the projects he listed have either been completed or already started by APC.

seunmsg:
All all the projects he listed have either been completed or already started by APC.

Welcome back from ban

Like he did in Anambra after 8 years

It’s glaring dude does not even have an idea about the predicaments of the power sector!

Who told him Nigerias problem is generation!

We cannot even transmit what we are generating and here is peter talking about more generation!

Someone should please tell Peter, that Nigeria does not even have the grid to distribute 4000MW instantaneously, and he is talking about going to 25,000M!

Are we going to use air or polyethylene ropes to distribute it!

Thanksful:
This is how a manifesto should look like.

Honestly



Not some hurriedly put together document with a stolen childhood pictures of Donald Duke

CoronaVirusRelo:
It’s glaring dude does not even have an idea about the predicaments of the power sector!

Who told him Nigerias problem is generation!

We cannot even transmit what we are generating and here is peter talking about more generation!

Someone should please tell Peter, that Nigeria does not even have the grid to distribute 4000MW instantaneously, and he is talking about going to 25,000M!

Are we going to use air or polyethylene ropes to distribute it!

chai urchins have sold their soul to the devil trying so hard to justify their monthly allawee,what will hit them come 2023 will send them to early grave

Talk is cheap. In an election anybody can say anything, even a secondary school boy can increase power by 100,000MW in talk. But the question is by how much did Obi increase power in Anambra when he was gov. Probably not even 1MW. Only Zombies believe in talk without antecedents, not educated and enlightened folks.

The other werey is busy shouting the high price is here omo

It is possible, it's just that corruption will not allow them. They will say there is no light, but they will bring the same light some days to the end of the month because they want to bring bill.

fuckingAyaya:
The other werey is busy shouting the high price is here omo

their agbado kindom go scatter 2023

seunmsg:
All all the projects he listed have either been completed or already started by APC.

Kadoso Mutairu aka seunmsg

Thedon22:
Talk is cheap. In an election anybody can say anything, even a secondary school boy can increase power by 100,000MW in talk. But the question is by how much did Obi increase power in Anambra when he was gov. Probably not even 1MW. Only Zombies believe in talk without antecedents, not educated and enlightened folks.

Baba blu, bulaba...

Obidient4life2:


Baba blu, bulaba...

Is that all you have to say? That manifesto is not worth more than the paper it is printed on. Compilation of copied theories. Can only deceive people like you. How much of that paper did he implement in Anambra as gov.? How many people did his government pay hourly pay as Anambra gov.? Why didn't he start the revolution there to be copied by other states? Tinubu was the first gov to pay WAEC fees of SS3 students which was copied by other state govs including Obi and current governors. What percentage of the document did Obi practicalised when he was gov? Charity should begin from home-Anambra .

Exactly as he did in Anambra

He shoul go nd generate 1000000 MW for his IPOB Beerfraud republic

container and beer producer is talking like a dullard as if power generation is 5k naira

He should concentrate on how to stop the killings and sit at home in Beerfraud republic

His mad man adviser is misleading him

Better still, he should go and contest for CAN president
Mad man

This is how a declaration should look like