Otedola invested $1billion to add 1200Mw to NGR power generation capacity in 2024. generation will increase as Gencos especially the gas power plant like Geregu will add over 3000Mw to their generating capacity
EXPECTATIONS FROM BAT IN POWER SECTOR 2025
KEY DELIVERIES IN POWER SECTOR
1. Signing of the electricity act by BAT...
2. Unveiling of the national electricity policy..
....
This two set the stage for the revolution in the electricity sector...
It would benefit Gencos host communities
Ensure all energy consumers are metered
Revolutionize tariff collection
Decentralize power generation, transmission and distribution to states..
Open the sector to foreign investors
Removal of subsidy from customers with constant Electricity would drastically increase the number of nigerians enjoying 24/7 electricity
Funds have been release to meter millions of homes...
In 2025 over N1trillion would be use to procure solar power to over 2million Rural homes.
.In 2025 focus would also be on the released N263billion for the first phase of the Siemens power transmission project..
In 2025 transmission will be expanded.
Otedola invested $1billion to add 1200Mw to NGR power generation capacity in 2024. generation will increase as Gencos especially the gas power plant like Geregu will add over 3000Mw to their generating capacity
Power is the most important sector in NGR economy.... BAT can't afford to fail in this sector.... 2025 is key