Daily Trust (Abuja)

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.

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