Dangote Group generates 1,540 MW for power independence in corporations – Aliko Dangote
The President and Chief Government Officer of Dangote Group, Aliko Dangote, stated the group generates as much as 1,540 megawatts for manufacturing operations in all its subsidiaries.
Dangote disclosed this on Thursday whereas talking throughout a fireplace chat with the Prime Minister of Grenada, the place he was a Particular Visitor.
Dangote stated his funding in energy technology was to attain power sufficiency and independence reasonably than be subjected to Nigeria’s inadequate and unreliable energy provide.
He stated the choice was suggested by enterprise specialists simply when he was getting ready to transit from commerce unique to manufacturing.
“The second situation has to do with electrical energy. And the one means we thought to deal with that was to resolve that for all our companies, we’d generate our personal energy. And that’s why at present in case you have a look at it as a bunch, we’re producing our personal energy, self-consumed energy, 1540 megawatts,” he stated.
Dangote Group generates 30 instances extra energy than Grenada
Dangote Group’s 1,540 energy technology is 30 instances greater than what Grenada, an Island nation within the Caribbean, generates.
The Prime Minister of Grenada, Dickon Mitchell, expressed his admiration for Dangote Group’s energy producing capability, noting that the nation generates 50 megawatts.
“The full quantity of energy being generated by Grenada is 50 megawatts,” he asserted.
“So, your companies generate extra energy than your complete island,” he added in amazement.
Huge manufacturing corporations self-generate energy
Many large manufacturing corporations in Nigeria have lengthy deserted the nationwide grid on account of its frequent collapses and insufficient energy.
- The key problem affecting Nigeria’s manufacturing sector is the excessive value of power on account of insufficient and unreliable provide from the nationwide grid.
- Trade specialists say many corporations are self-generating by way of a various power combine.
In accordance with the Producers Affiliation of Nigeria, producers in Nigeria spent N238.31 billion on various power sources within the first half of 2024.
What you need to know
- Nigeria has a power-generating capability of about 10,000 megawatts per day however it’s underutilised, therefore it generates nearly 5,000 MW.
- That is insufficient for its inhabitants of over 200 million and in addition impedes industrialisation.
- The nation’s power poverty has compelled many corporations to depart the nation for different international locations with secure, dependable, and inexpensive energy provide.
