The Lagos State Commissioner for Energy and Mineral Resources, Mr. Olawale Oluwo, has expressed the commitment of the Lagos State Government to generate 3,000 megawatts off the grid within the next five to seven years, stating that they are working with regulators and stakeholders in the power sector to actualise this vision and ensure that Lagos does not depend entirely on Niger-Delta gas.
Oluwo who disclosed this yesterday in Lagos at the PricewaterhouseCoopers (PwC) annual power and utilities roundtable, explained that in actualising the 3,000 megawatts, they are looking at bringing conventional fossil fuel energy, while also focusing on renewable energy, “but not all the renewable particularly for solar, because we don’t have the space for extensive solar installation. Therefore we must go for those that will optimise the land size that we have.”
Oluwo stated that they are also considering the wind option with the embed power plants, adding that the regulators are aware that the pricing available for power is not cost reflective, therefore they may be willing to increase the tariff at this time, however they have to accept the willing buyer and seller option.
Source: Energy Mix