The Lagos State government has declared that it is set for the commencement of the Embedded Power Supply Project in July 2018.
“Our Power Reform Programme which is the Embedded Power Project all things been equal will take off in July 2018. The House passed the law in January and the Governor the bill into law in February,” said Commissioner for energy, Olawale Oluwo.
“The implementation committee is already working and a lot of work has been going on the field and everywhere. We would do our Expression of Interest sometime in June and that process will kick-start this project,” Oluwo added.
According to Vanguard, the Lagos State Embedded Power Programme, is targeted towards generating 3,000MW of electricity for the State within the next three to five years.
Oluwo said when the project takes off, it would commence the journey to deregulate Nigeria’s power sector from Lagos State and ultimately achieve energy security for the State. Read more: NERSA withdraws its draft for small-scale embedded generation rules
He said that the power and gas sector reforms were key interventions of the Governor Ambode led administration to correct the structural challenges in the power sector and gradually position the State for 24-hour power supply.
Power sector reforms in Lagos State
He said that apart from the reforms in the power sector, the State government had begun implementation of other sectoral reforms including the downstream petroleum sector, the gas sector as well as the solid minerals sector and regulatory reforms.
“The essence of all this is that we want to give Lagos, energy security and to achieve this, you must have security of electricity, gas and petroleum products,” Oluwo said.
The Commissioner said that when the reforms are fully implemented over the projected period, the State’s reliance on gas from the Niger Delta region would be less critical to the State’s economy.
“The overall objective of the gas reform is to open the Lagos gas market to local and international players in order to make the Niger Delta gas less critical to future of Lagos economy,” Oluwo said.