NBET working on suitable tariff for coal to power – Fashola

The Minister of Power, Works and Housing, Mr Babatunde Fashola, on Thursday while speaking  through Mr Chinedu Ugbo, acting Chairman, Niger Delta Power Holding Company (NDPHC), at the 2016 Annual Conference of the National Association of Energy Correspondents in Lagos said that gas alone could not bring the much needed increase in power supply in the country, Vanguardreports.

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Fashola said, “It is not gas alone that will allow us to achieve incremental power. It is our most reliable source of power, yes, but it is only one solution among many other underutilized solutions. Mambilla Power Station, for example, is likely to be our most defining in the road to incremental power, situated in Taraba State. It will potentially add 3,000MW to the grid and yet this is a hydro-electric project, not gas”.

He also added, “Our ministry has recently publicized our energy mix and coal forms a large part of our target fuel source…I am pleased to say that the Nigerian Bulk Electricity Trading Plc (NBET) is working on a suitable tariff for coal-to-power that will form the basis of a Power Purchase Agreement (PPA)”.

He went on to say, “Solar and other renewable energies will also play a major role in our roadmap to incremental power. We have recently signed 14 PPAs for the delivery of 1125 MW of solar power. Other renewable energy projects such as the 10MW wind plant in Katsina, are also in various stages of completion’’.