Lagos State’s Ministry of Energy and Mineral Resources said that the minimum expected generating capability for each of four designated hubs would be 500 MW. The electricity can be generated by one or more power generating firms, with a minimum required output of 100 MW from participating companies. Bids can be submitted until 22 November 2024.
As of end-2023, Nigeria’s installed capacity stood at 14.1 GW, 79% of which is gas-fired. In addition, nearly 6 GW of new gas-fired power capacity is under construction and nearly 19 GW under development.