The Federal Government says it is planning the construction of renewable power plants to boost electricity generation across the nation.
The Minister for Power, Adebayo Adelabu, disclosed this during a meeting with foreign agencies on Thursday.
In a chat with Adelabu’s media aide, Bolaji Tunji, on Friday, the minister was quoted to have highlighted that the creation of renewable power plants would be one of his strategies to ensure incremental improvement in national power supply.
Adelabu had promised to ensure that the Rural Electrification Agency lives up to expectations by serving the underserved and the unserved rural communities that may not be commercially attractive to the distribution companies.
According to Tunji, the minister is “focusing on distributed power by intensifying efforts to raise the volume of renewable energy to national capacity, with focus on developing small hydropower plants along the 26 small dams in the county”.
He added that solar options are being considered for the northern part of the country, including the use of windmills to generate power offshore along the coastal part of the country.
The minister said further that the main problem of the sector is liquidity and funding.
He added that the sector is supposed to generate funds if allowed to operate a commercial model, where all the costs attributed to the generation of power, transmission and distribution are recovered through the tariffs, while the operators are given a good markup.
