Considering the competitiveness of Hydro power in the renewable energy sector in Nigeria
Jorge Morales Pedraza
Energy Production: As of 2022, hydropower accounted for about 27% of Nigeria’s power production. The total installed capacity is 12,522 MW, of which 2,062 MW is hydropower. Economic Growth: The government has set hydropower development targets of 12,801 MW for 2030 to support its ambitious economic growth target. Job Creation: Developing and maintaining hydropower plants create jobs and stimulate economic activity. Rural Electrification: Hydropower projects help extend electricity to rural and remote areas, improving living standards and promoting economic development. Abundant Resources: Nigeria has large rivers and natural falls that provide rich hydropower potential. Untapped Potential: The total exploitable potential of hydropower is estimated at over 14,120 MW, amounting to more than 50,800 GWh of electricity annually. This indicates a significant opportunity for further development. Government Support: The Nigerian government prioritizes fully harnessing the country’s hydropower potential and promotes private sector participation in its development. Investment and Management: Nigeria is ranked economically water-scarce due to a lack of investment and management to meet demand. Infrastructure Development: The development of hydropower infrastructure requires significant capital investment and time. Environmental Impact: Hydropower projects can have environmental impacts that must be managed carefully to ensure sustainability.
According to statista.com and hydropower.org, hydropower plays a significant role in Nigeria’s energy sector and contributes to the economy in several ways:
In terms of competitiveness, hydropower in Nigeria has several advantages:
However, despite these advantages, the competitiveness of hydropower in Nigeria is affected by several challenges:
While hydropower significantly contributes to the Nigerian economy and possesses competitive advantages, its full potential is yet to be realized.
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