The Managing Director/Chief Executive Officer of the Nigerian Bulk Electricity Trading Plc (NBET), Dr. Marilyn Amobi, has said the country cannot achieve its target of 20,000 megawatts (MW) of electricity target by the year 2020.
She said this yesterday when members of the House of Representatives Committee on Power visited NBET on an oversight visit, where she added that the target is capital intensive.
Fielding questions from committee members led by the Chairman, Hon. Dan Asuquo, Amobi also said deploying nuclear and wind energy in Nigeria would remain a mirage.
“We cannot run nuclear in Nigeria, and the question of wind energy, forget it. It’s just a story. We cannot run all that in Nigeria. It’s just a wish list,” she said, adding that Nigeria was not financially buoyant enough for such venture.
Asuquo, queried the mode of engagement of 14 companies by NBET under its Power Purchase Agreements (PPA).
“If there was no proper guideline, the process of acquiring those 14 companies was null and void. I can assure you if we leave here with that, there’ll be an investigation on this. If the standard is not in line with global best practices, of course, there will be a lot of questions. Whoever directed such a thing, will appear before us,” Asuquo said.
Amobi however said the in-house guideline produced in 2011 in accordance with global standards, was used for the engagement of the companies.
She noted that it would not be used in future as a new guideline is being developed.