Minister of Power, Adebayo Adelabu, says federal government has plan to

release $800 million dollars for the construction of substations and

distribution lines under the Presidential Power Initiative.

A statement issued by the ministry on Sunday said, the minister disclosed

this during a facility tour of TBEA Southern Power Transmission and

Distribution Industry in Beijing, China, adding that, the funds will be allocated

for the construction of substations for Lot 2 and substations and distribution

lines for Lot 3, with $400 million dollars designated to cover the franchise

areas of Benin, Port Harcourt, and Enugu Distribution Companies (DISCOs),

while Lot 3 covers the franchise areas of Abuja, Kaduna, Jos, and Kano

DISCOs.

Adelabu said, the administration of President Bola Ahmed Tinubu is

determined to transform the power sector, adding that, several initiatives

have commenced that are gradually restoring confidence in the sector and

among power sector consumers, particularly industries, and recalled that in

1984, about 40 years ago, Nigeria was able to generate 2,000 megawatts, and

it took over 35 years to add an additional 2,000 megawatts.

The Minister said, the renewable energy segment would be sourced from a

combination of hydroelectric power from small dams, solar energy, and wind

farms from onshore and offshore winds, adding that the national grid, in its

present state, cannot support the vision for the power sector.