The Senate has mandated its Committee on Power to investigate the activities of power generation and distribution companies with a view to finding a solution to power supply in Nigeria.
The investigating committee which has four weeks to submit its report to the Senate for consideration would meet with relevant stakeholders and also hold a round table with all the senators in attendance.
The decision by the upper chamber to probe power generation, transmission and distribution in the country was reached sequel to a motion considered during plenary on Tuesday.
Sponsor of the motion, Senator Chukwuka Utazi (PDP, Enugu North) said Nigeria, with a population of 200 million and an annual growth rate of 2.6 percent per annum, is the seventh most populous nation on earth.
According to Utazi, the power generating or installed capacity of Nigeria in relation to its population and Gross Domestic Product cannot place the country to compete favourably in terms of development with other nations.
He, therefore, called on the Federal Government to find solutions to the power deficits faced by the country.
Citing Indonesia and Philippines as examples, the lawmaker noted that both countries with a population of 267 million and 107 million, respectively, have installed power capacity of 60,000 megawatts and generating capacity of 42,465 megawatts as well as installed capacity of 20,055 megawatts and generating capacity of 16,271 megawatts.
The lawmaker while expressing optimism that Nigeria can set a realisable target of generating capacity of 100,000 megawatts in the next ten years, said same can be achieved through a mix of energy sources such as natural gas, hydro, coal, wind and renewable energy.
He added that the various zones in the country are naturally positioned to take advantage of the various energy mix which would be peculiar to them, particularly solar energy.
The lawmaker further posited that Nigeria can improve on its transmission infrastructure by up-scaling its networks from the current 330kv and 132kv to 765kv super grid to enable big power plants to send power through such grid over long distances.
He added that beyond generation and transmission, Distribution Companies (DisCos) lack the financial and technical capacities required, thereby resulting in their inability to pay for power which Generation Companies (GenCos) deliver to the grid.