Fashola announces new ploicy on power generation 2018
I think you meant "Fashola announces new policy on power generation in 2018".
Babatunde Fashola, the Minister of Power, Works and Housing in Nigeria, announced a new policy on power generation in 2018. The policy aimed to increase power generation in the country by 10,000 megawatts (MW) within the next five years.
Some key highlights of the policy include:
- Increase in power generation: The policy aimed to increase power generation from the current 4,000 MW to 14,000 MW by 2023.
- Investment in new power plants: The government planned to invest in new power plants, including gas-fired power plants, hydroelectric power plants, and solar power plants.
- Rehabilitation of existing power plants: The policy also included the rehabilitation of existing power plants to increase their capacity and efficiency.
- Improvement in transmission infrastructure: The government planned to improve the transmission infrastructure to ensure that generated power is transmitted efficiently to consumers.
- Increase in power distribution: The policy aimed to increase power distribution to consumers by reducing transmission losses and improving the distribution network.
- Promotion of private sector participation: The government encouraged private sector participation in the power sector to increase investment and improve efficiency.
- Creation of a new power market: The policy aimed to create a new power market that would allow for the trading of electricity between generators, distributors, and consumers.
The policy was aimed at addressing the challenges facing the power sector in Nigeria, including inadequate power generation, transmission, and distribution. It was also aimed at increasing access to electricity for Nigerians and promoting economic growth and development.