With no sign of immediate improvement in power supply, the Minister of Power, Works and Housing, Babatunde Fashola has appealed to industrialists, directors and other employers of labour in the country not shutdown operations due to the challenge.
Fashola who spoke in Lagos as a guest speaker at the quarterly business luncheon of the Institute of Directors (IOD), urged companies not to panic or downsise their staff in the face of current power supply challenges.
Power generation as at Monday was rooted at 2,003 mega watts for a country of over 170 million people. Latest figures from the government showed that problem associated with gas supply is shutting in 4,322mw, while water constraints have led to shortage of 85mw.
In monetary terms, the industry lost about N2.11 billion due to the challenges.
But the minister said the Federal Government has put a roadmap in place that would ensure progressive power supply from incremental to steady and then uninterrupted power supply nationwide.
Fashola listed the various power projects being undertaken across the country to include repair of gas turbines, strengthening transmission to evacuate power and the completion of the National Independent Power Project (NIPP), Gbarain, as part of measures to improve power generation.
He said government is also targeting increased power supply from the expansion of Qua Iboe, completing Kaduna Power Plant with generation capacity of 215mw, Kasimbilla with 40mw, Dadin Kowa with 39mw, Azura with 300mw, Zungeru 700mw and Gurara 30mw among others.
The minister expressed optimism that the current challenges facing the power sector would be over soon, adding that the present administration was committed to ensuring a sustainable power supply in the country.
Originally posted 2016-06-29 03:06:04.