Eko Hot Blog reports that over $1.2 billion has been spent on key distribution projects in the country as part of measures to improve power supply in the country, Niger Delta Power Holding Company Limited (NDPHC) has said.
The fund was spent on over 374 projects under the Nigerian Electricity Supply Industry (NESI).
Executive Director in charge of Networks at NDPHC, Ifeoluwa Oyedele, at the eighth Nigeria Energy Forum in Lagos, said the fund is expected to be repaid by the benefiting distribution companies (DisCos).
Oyedele disclosed that the projects have been handed over to the DisCos, adding that legal assets transfer is ongoing and awaiting Nigerian Electricity Regulatory Commission (NERC) valuation.
Executed projects listed include 337 33/11kV lines, 25,281 25kVA and 50kVA CSP transformers, 199 distribution transformers (100, 200, 300, 500 KVA) of 108MVA, 2,256km of 33kV lines and 4,670km of 11kV lines.
According to him, the agency has equally undertaken over 121 transmission lines and substation projects.
Oyedele said expansion works were carried out in 34 Transmission Company of Nigeria (TCN) substations across the country, including those located in Enugu, Jos and Owerri.
Other projects executed in the transmission sub-sector include 51 330/132kV substations with 6,450MVA transmission capacity added, 132/33kV substations with 3,160MVA transmission capacity added, 2,703km 330kV of lines, 765km of 132kV lines with 25 other projects ongoing.
These accomplishments led to a complete transformation of the hitherto radial Nigerian grid into what it is today, a substantially looped grid that provides substantial redundancy to power flow around the grid. This was completely unavailable before NIPP”, he explained.
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