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[BUSINESS] · Ghana, Nigeria · 20 sources

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Nigeria and Ghana advance major electricity infrastructure reforms

Nigeria and Ghana are implementing major energy infrastructure reforms to stabilize power supplies and drive industrial growth.

In Nigeria, the Federal Government has set a target to reach 8,000 megawatts (MW) of electricity generation and transmission by 2027. The Minister of Power, Joseph Tegbe, announced that the government aims to increase current wheeling capacity from 5,000MW to 6,500MW by the end of 2026. To support this, the Transmission Company of Nigeria (TCN) reported expanding its grid wheeling capacity to over 8,700MW through the deployment of 89 power transformers and multilateral development financing. Additionally, the government plans to utilize 21 discovered dams for small-scale hydro projects and has launched the Renewable Energy Assets Management Company (RAMCO) to improve the stewardship of energy assets.

In Ghana, the government is planning a 1,200MW state-owned gas-fired power plant, expected to be completed by 2029. Finance Minister Cassiel Ato Forson stated this project would become the country’s largest power plant, surpassing the Akosombo Hydroelectric Power Station, to provide reliable energy for industrialization. Energy experts noted that Ghana’s excess generation capacity allows for electricity exports to neighboring countries like Nigeria without compromising domestic consumption.

Entities

Cassiel Ato Forson · Federal Government of Nigeria · Ghana · Ghanaian government · Joseph Tegbe · Nigeria · Renewable Asset Management Company · Transmission Company of Nigeria

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Sources

28 days ago