The Minister of Petroleum Resources, Diezani Allison Madueke has stated that the Federal Government is embarking on initiatives that will see the power generation levels in the country increase by 40% before the beginning of the following year.
Speaking at the on-going Nigeria Oil and Gas (NOG) conference in Abuja Tuesday, the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, said the 12-month emergency gas supply plan initiated last year added the 230 million standard cubic feet (scufs) that aided a 30 per cent rise in power generation.
She explained: “In April 2012, with Presidential approval, I was able to deploy a 12-month emergency gas supply plan. This emergency gas-to-power initiative has contributed over 230 million standard cubic feats (scufs) per day for power generation. This has helped us to increase and support the national power generating capacity by 30 per cent to 4.2 gigawatts of power at this time.
“Similarly, gas sales rose by more than 70 per cent to an average of four billion standard cubic feets per day. For the first time, industry has supplied more domestic gas than was consumed by the power and industrial sectors. Our plan is to continue throughout this year to further increase power generation by an additional 40 per cent. If possible, to move it to at least six gigawatts through addition of 450million scufs per day of gas supply.”