Manufacturers spend N43 billion on alternative energy

0 317

The epileptic electricity supply in Nigeria is no longer story as some Nigerians have sought alternative to best meet with their demands.

 However, with the electricity supply, particularly from the distribution companies remaining at an average of nine hours a day in the first half of 2018, local manufacturers’ expenditure on alternative energy source stood at N43.19 billion during the period.

It has been noted by local producers that average number of power outage in the period dropped to three times daily, which indicates slight improvement in electricity supply to the sector, even as spending on alternative energy reduced.

According to latest data from the Manufacturers Association of Nigeria (MAN), expenditure on alternative energy sources in the sector stood at N43.19 billion in the first half of 2018, which is 34.6 per cent and 15.9per cent lower than N66.03 billion recorded in the first half of 2017, andN51.35 billion of the preceding half respectively.

The manufacturer has urged the Federal Government to make sure the operational-ability of Independent Power Producers (IPP) for On/Off grid power generation, and the Micro Grid Initiative in order to address the challenges.

The Chairman, Manufacturers Power Development Company Limited, a subsidiary of MAN, Ibrahim Usman, explained that the poor power supply in the country was affecting the manufacturing sector, hence the partnership with independent power developers to develop small capacity IPPs in its industrial clusters.

Read Similar Posts:

Leave A Reply

Your email address will not be published.