The Lagos State Government on Wednesday revealed plans to launch the Embedded Power Supply Project come July 2018.
As stated by the Commissioner for Energy, Olawale Oluwo, the power project is targeted at generating 3,000 megawatts of electricity for the state within the next 3-5 years.
Oluwo said the project when it takes off would commence the journey to deregulate Nigeria’s power sector from Lagos State and ultimately achieve energy security for the state.
As stated by him, the 13 locations for the pilot phase of the Embedded Power Project was currently awaiting approval of the State Executive Council and would be released soon.
He stated that the power and gas sectors reforms were key interventions of the governor Ambode led the administration to correct the structural challenges in the power sector and gradually position the state for 24-hour power supply.
Oluwo stated 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 commissioner stated that when the reforms are fully implemented in the next three to five years, the state’s reliance on gas from the Niger Delta region would be less critical to the state’s economy.