Connect with us

BUSINESS

Enugu Woos Investors As Gov Mbah Targets 690MW, 20-Hour Daily Supply By 2030

Published

on

Governor Peter Mbah of Enugu State





Enugu State, currently grappling with poor energy, is set to become a major player in Nigeria’s electricity market by 2030 as the State Government announced its goal to generate over 690 megawatts of electricity and ensure a minimum of 20 hours of daily supply by 2030.

Governor Dr. Peter Mbah, who disclosed these plans at a Roundtable themed “The Electricity Act 2023” Implications and Opportunities for State Electricity Market,” said that the move is in tandem with the State’s economic growth plan to emerge as a leading industrial hub.

The governor also says the urgency of the state in enacting the Enugu State Electricity Law, was to take immediate advantage of the 2023 constitution amendment and the Electricity Act 2023 tailored to set-up a viable Enugu electricity market and reliable energy supply.

Advertisement

Governor Mbah made the commitment, during the Roundtable organised by the Nigeria Governors’ Forum (NGF) and United Kingdom Nigeria Infrastructure Advisory Facility (UKNIAF) for the state governments and critical stakeholders in Abuja on Wednesday.

The Governor, who was represented by the Secretary to the State Government, Prof. Chidiebere Onyia, said the state was deliberate in its effort to create an enabling environment for energy players and investors to come in and help grow the state’s GDP from the present $4.4 billion to $30 billion.

“As a government, we have set out an ambitious economic growth plan and integral to that plan is the electricity needs of Enugu State and the investors that will be coming into Enugu State.”

Advertisement

“So, keeping that in mind, what we have gone ahead to do is to set out the processes right after the constitutional amendment. We are creating our own Enugu State electricity market. Our key objective for doing this is to ensure the reliability of power that will serve as a catalyst for that growth by making the private sector actors feel comfortable to come to Enugu State.”

“Enugu State’s plan is to be one of the first three investors’ focus and locations in Nigeria; and to do that we have to make sure that we have constant or reliable power as well as encourage a market where investors feel that the power arrangement is governed by a process that is both constitutional and backed by the right policy. That is the reason we decided as a government for Enugu State to be one of the leading states in setting up an electricity market.”

He said a significant portion of the electricity sector would be renewable and traditional power sources

Advertisement

Also, speaking on the Enugu State experience in a panel discussion on “Closing the Energy Access Gap through Sub-national Electricity Markets: Doing Things Differently”, the Senior Special Assistant to Governor Mbah on Policy and Project Management, Louisa Chinedu-Okeke, said the state currently had no operating grid-connected generation assets and only one electricity distribution company with just 9 per cent electricity allocation from the national grid for over five million people.

She, however, said the Mbah administration had laid out a viable plan to transit the state to a commercially viable electricity market that generates well over 690 megawatts of electricity and at least 20-hour power supply by 2030.

Advertisement
Advertisement
Click to comment
FEATURED8 hours ago

PDP Leaders in Delta Warn Members Against Joining APC, Affirm No Other Party Exists in Ovwian Ward 7

FEATURED10 hours ago

Midterm Review: Sen. Nwoko Releases Blow-by-blow Account of People-centered Achievements

FEATURED11 hours ago

Robbery Suspects Killed in Gunfight As Delta Police Recovers Firearms, Stolen Motorcycle

ANRPM
FEATURED1 day ago

Two Years in Office: ANRPM Lauds President Tinubu on Sectorial Achievements

FEATURED1 day ago

Gateway Games 2024: Sen. Nwoko Hails Team Delta Over Outstanding Performance

FEATURED2 days ago

EFCC Re-arraigns Bishop, Other Fadama Society Executives for Alleged ₦178m Fraud in Jos

FEATURED2 days ago

Courts Jail 32 Internet Fraudsters In Benin

NEWS2 days ago

Two Years in Office: We’ve Empower 266,737 Deltans Under Our Social Intervention Programmes – Oborevwori

Delta Politician
FEATURED2 days ago

Delta NUJ Slams Gov. Oborevwori For ‘Running Away From Media Interaction’ After Two Years in Office

BUSINESS2 days ago

Governor Oborevwori Announces Delta’s MoU with UK Firms on Blue Carbon Partnership

FEATURED2 days ago

‘You’ve Shown Leadership Committed to National Interest’ – Sen. Nwoko Hails President Tinubu on 2nd Anniversary

NEWS3 days ago

Elumelu Hails Gov. Oborevwori on Administration’s 2nd Anniversary

FEATURED3 days ago

Official Reveals How Former CBN Governor, Emefiele Received $17.1m Cash

social media
FEATURED3 days ago

‘The Journey Continues’ – Sen. Nwoko on Successful Public Hearing on Bill to Upgrade Asaba Tech College

State of the State Address
FEATURED3 days ago

‘Here’s My Stewardship’—Gov. Oborevwori Presents ‘State of the State Address’ to Delta Assembly to Mark Two Years in Office

Advertisement
Advertisement