Plans to generate above 6,000 megawatts of electricity by December 2014 may have hit the rocks as the Federal Government on Saturday announced that its new target by the end of the year is now 5,000MW.
The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, stated in Abuja on Saturday that the Central Bank of Nigeria would clear up the N25bn gas-related debts of the power sector in order to boost stakeholders’ confidence in the industry.
She said,
