22 January 2014

Nigeria: Power - FG Targets 10,000 Megawatts From 200 Hydro Dams

The federal government is building over 200 new dams to increase power generation to 10,000 megawatts this year, Vice President Mohammed Namadi Sambo has said.

He disclosed this at the State House in Abuja yesterday while receiving the management of a Japanese company, Marubeni Corporation.

The vice president did not however mention the locations of the dams, but simply added that the government was also bringing old dams on board to enhance the water, agriculture and power sectors.

The vice president also disclosed that the federal government would soon begin the discussion to access the $77 billion (N13 trillion) Yen Credit facility which Japanese government was offering Africa.

According to him, to discuss how to access the loan, the government will convene a meeting with the Ministers of Finance and Power as well as the Bureau of Public Enterprises (BPE) and Marubeni Corporation.

Sambo said the government was taking steps to address the shortage of gas which had been a problem for the newly built thermal power plants.

Copyright © 2014 Daily Trust. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.