The Federal Government has declared the $1.3 billion Zungeru Power project 97 percent complete.
What is not certain, however, is whether it will be commissioned by the administration of President Muhammadu Buhari.
The project is expected to provide 700 megawatts of electricity to the national grid while Kashimbila Hydro-electric Power project will provide 40 megawatts to the national grid. Dadin-kowa Dam will provide 40 megawatts.
Speaking at the 5th National Council on Power (NACOP) in Abuja, the Minister of Power, Engineer Abubakar Aliyu said that in addition to that, the government has developed the National Renewable Energy and Energy Efficiency Policy with the accompanying vision 30:30:30 which aims at achieving 30,000MW of electricity by the Year 2030 with renewable energy contributing 30 per cent of the energy mix.
Renewable energy is taking the centre stage of the ongoing reforms in the power sector in Nigeria as it is visible from the ongoing and completed projects like Zungeru Hydroelectricity Power Project which is at 97 percent completion and its expected to provide 700 megawatts of electricity to the national grid, he said.
The minister also disclosed that the 10 morbid power transformers and 10 mobile substations purchased with Siemens loans had arrived in Nigeria.
The transformers which are expected to rehabilitate the Nigeria Electricity Supply Industry (NESI) are part of the loan agreement with the German Government through its electricity firm -Siemens.
In the agreement, Nigeria would provide a signature bonus account of about 15.2 million and N1.7 billion as its 15 per cent counterpart funding for the concessionary loan.
Minister of Federal Capital Territory (FCT), Mohammad Musa Bello, in his remarks, urged investors in the power sector to set up shops for the assemblage of solar panels, inverters and other components in the electricity supply value-chain.
According to him, electricity is important in the productive sector and to this realisation, FCT has engaged investors in the provision of off-grid solutions to meet household and institutional needs.
