Speaking in Lagos, Nigeria Power Minister Riliwan Babalola said the federal government planned to invest 340 billion naira (US$2.3 billion) in various power projects with a goal of increasing installed capacity from the current 4,500 MW to 6,000 MW by the end of 2009.
While much of that investment would go to thermal projects, a potential shortage of gas and a need to explore all energy sources prompted the hydropower initiative, Babalola said.
�I don't think there is any state in the North which does not have a dam,� Leadership quoted the minister saying. �The issue now is that these dams have been lying there for more than 20 years without being annexed into generating electricity.�
Babalola said the ministry would survey all dams in the country that currently are not utilized for power generation.
�We are going to diversify by using what we have to get power,� he said. �We will identify existing dams across the country for this purpose.�
Nigeria's Power Ministry plans to conduct an inventory of existing dams in the country to identify those that could be used to generate hydropower, national newspaper