Nigeria’s Federal Executive Council meeting (FEC) presided over by President Muhammadu Buhari has approved a new model to expand the 33KVA and 11KVA electricity transmission lines to ensure distribution of extra 2,000 megawatts (mw) lying fallow at the power stations.
The Nigerian government said about 7,000mw of electricity is being generated but the existing national grid cannot transmit and distribute more than 5,000mw.
Babatunde Fashola, Minister of Power, Works and Housing,who disclosed this to State House correspondents at the end of the meeting explained that the new investment arrangement is for the Federal Government to contribute 40 per cent, while the distribution companies (Discos) would provide the 60 per cent balance.
The process will involve international investment for the procurement of the equipment, lines and all of the accessories to build those networks and there will be more under international procurement standards.
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