FG pledges to improve electricity supply as ECOWAS quells liquidity crisis | The Guardian Nigeria News
Yesterday the Federal Government said additional megawatts of electricity were being added to the national grid as the West African Power Pool (WAPP) moved to create liquidity for the electricity market in the Economic Community of States of West Africa (ECOWAS).
To tackle the epileptic power sector in the country, Energy Minister Abubakar Aliyu said the government has started construction of a 132 kilovolt transmission line, a substation two by 60 MVA transmission and a switching station in Ekiti State, to increase capacity by 204 megawatts (MW).
Aliyu, during the groundbreaking ceremony at Ado Ekiti, said that the project consists of a 50 kilometer stretch of 132KV transmission line from Ikere (Ado Ekiti) with a bend at Ijesa Isu which terminates at Ilupeju Ekiti .
It also has a two by 60 MVA, 132/33 KV transmission substation with four line bays at Ijesa Isu Ekiti and a switching station at Ikere (Ado Ekiti).
Represented by Managing Director of Transmission Company of Nigeria (TCN), Sule Ahmed Abdulaziz, Aliyu said, “For TCN, this is a very strategic project, and we believe it will have a massive impact on transmission. bulk electricity in Ekiti and its surroundings.
“The projects are among many undertaken by TCN, as part of its grid expansion program, which is in line with Mr. President’s mandate for the expansion of the electricity sector for sustainable development.”
The minister said that in various transmission regions nationwide, TCN is also executing substation and line projects, which are at various stages of execution.
“These are a clear indication that the federal government is not wavering in its resolve to ensure that the nation’s electricity sector receives the desired boost.
“For residents of Ekiti State and surrounding areas, an additional 204MW of capacity on the grid means that more bulk supply will be readily available for offtake by Benin DisCo for its customers.”
“The substation project will also support the removed load in this axis and relieve the Ado-Ekiti substation, which has been overloaded, to ensure a more reliable supply of electricity to the people of Ekiti,” said he declared.
The Chairman of the WAPP Board of Directors, Dr. Sule Ahmed Abdulaziz, during the 54th meeting of the Board of Directors held in Cotonou, Republic of Benin, declared the examination and adoption of the documents proposed by the group Working on the creation of the Liquidity Enhancement Revolving Fund (LERF) is underway.
According to him, the establishment of the fund will provide the ECOWAS regional electricity market with a very important tool for electricity trading by reducing the level of unpaid bills, thus providing traders with a high degree of robustness and sustainability.
Speaking at the meeting, which is the second this year, he urged participants to carefully review the documents and provide insightful comments.