By Christiana Akinola( Siwes student Polytechnic Iresi)
The Federal Government unveils plans to restructure TCN and amplify power generation, targeting a $1 trillion GDP by 2030.
Power Minister Adelabu, at a retreat themed Navigating and Aligning on the Path to Enhanced Electricity Reliability, outlines the strategy.
Adelabu advocates for TCN’s split into the Independent System Operator and Transmission Service Provider, aligning with the Electricity Act 2023.
To meet the GDP goal, Adelabu emphasizes substantial electricity investments, urging government collaboration for improved coverage and distribution.
Addressing sector challenges like poor contracting, insufficient capitalization, and volatile gas prices, Adelabu proposes Naira-based gas trading to stabilize prices and boost domestic production.
The minister underscores a sustainable capital investment program for gas processing and transportation infrastructure, suggesting Naira-based gas trading for GenCos to manage inflation and support the Multi-Year Tariff Order methodology.
Domestic gas policies and stakeholder incentives are crucial for sustainable electricity supply.
