…okays construction of National super grid
By Daniel Idonor
ABUJAâ€” PRESIDENT Goodluck Jonathan yesterday approved the immediate construction of new National Super Grid that is capable of boosting the nationâ€™s electricity generating to about 7,000Mw by April next year.
To this end, the President has endorsed the immediate release of N525 billion for the project, as part of a new road map for the countryâ€™s power sector, which will be unveiled by the President on August 26 this year in Lagos.
A statement by the Special Adviser to the President, Mr Ima Niboro, said â€œefforts by the Federal Government to improve power supply in the country received a major boost today (yesterday) as President Goodluck Ebele Jonathan okayed the construction of a new National Super Grid that will address most of the countryâ€™s current power transmission problems.”
According to him, â€œthe new 700 KV Super Grid which will be completed in four years, at a projected cost of $3.5 billion is expected to fulfill Nigeriaâ€™s need to transmit increasing amounts of power across vast distances which the existing 330/132KV grid cannot meet.”
The statement further said â€œin granting approval for the Super Grid, President Jonathan directed that it should be funded as a Federal asset with additional financing from private investors and international finance and development agencies.”
The Super Grid, Niboro said, which will run along the same route as the existing 330/132KV grid will also address Nigeriaâ€™s future energy challenges, including transition to more sustainable energy sources, reduction of power loss per transmitted megawatt and improving power voltage profiles across the country.
He said â€œthe huge advantage of the 700 KV Super Grid over the existing 330/132 KV grid is that it will significantly reduce the huge amount of power currently lost in transmission.”
â€œWithout the Super Grid, the quantum of power lost in transmission will continue to increase as more power progressively becomes available for evacuation from new and rehabilitated generating stations. Periodic systemic failures will also become more frequent.
â€œAccording to current projections by the Presidential Task Force on Power, Nigeriaâ€™s available generation will rise to 6939 Mw by April next year and 14019 Mw by December 2013â€, he said.
To unveil new power roadmap
In another development, President Jonathan will on August 26, 2010 present a new roadmap for the reformation of Nigeriaâ€™s power sector to the countryâ€™s private sector.
The President will seize the opportunity of the event in Lagos to acquaint members of the private sector with fresh investment opportunities inherent in the power sector reform programme and invite greater private sector support for the programme.