A new energy policy document launched in July 2016 and obtained by the Daily Trust projects a diversified electricity grid of 10,325mw by 2019, and 45 per cent renewable energy grid contribution by 2030.
The Minister of Power, Works and Housing, Mr Babatunde Fashola, in the document, said that the decision was informed by the unstable gas supply situation. "From conception in January 2016 and conclusion in June 2016, our vulnerability to over dependence on gas had become apparent," he said. "23 out of the 26 power plants in the country depend on gas.
"Between February 14 and June 2, 2016, there have been 14 incidents of oil and gas pipeline vandalisms. Therefore this document is also a solution to that vulnerability on the roadmap to energy diversity and security."
Recently, the ministry's Director of Energy Resources, Engineer Emmanuel Ajayi, at a renewable energy workshop in Abuja, said that the document, titled: "The Nigerian Power Sector Investment Opportunities and Guidelines," gave the breakdown of how goals would be achieved, saying: "It shows that 10 per cent would come from solar power, 12 per cent of Large Hydro Power (LHP), two per cent of Small Hydro Power (SHP), and one per cent of Coal."
The projection by 2030 will solve issues of the current overdependence on gas-to-power which accounts for 86 per cent of electricity generation so far, with Large Hydro Power (LHP) contributing only 14 per cent, he said.
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