Chief Executive Officer of the Enugu Electricity Distribution Company (EEDC), Robert Dickerman has said that the country’s ambition to generate 20,000 mega watts of electricity would require about $40 billion (N9trillion).
Dickerman said this while speaking at the opening of the West Africa Power Industry Convention (WAPIC) in Lagos yesterday. He also said that from reliable reports, Nigeria has the lowest power generation per capita in the world.
“There is no expansion capacity, limited gas supply, poor transmission and distribution infrastructure. The NIPP generation auction is falling apart over fuel supply, poor planning and constraints and holding a capacity of about 5,000 mega watts” he said.
He however emphasized that “It is a challenging amount to raise but Nigeria now represents the largest potential energy growth market in the world”.