Managing Director, Anglophone West Africa, Christophe Begat, said though Nigeria has the potential to generate 12,522MW of electricity from its existing plants, it is currently unable to dispatch beyond 4,000MW, which constitutes a short supply.
Schneider Electric estimates the share of electricity in the global energy mix will grow from six per cent to, at least, 40 per cent by 2040. From renewables-led production to fully digitalised electric grids for reliable dispatchability, Electricity 4.0 represents a change from conventional electricity, one that requires all stakeholders to move from conventional ways toward a sustainable shift.
“For instance, systemic strengths, such as hydropower, currently accounts for about 22 per cent of Nigeria’s electricity production, an opportunity which must be harnessed at scale.” He proposed that existing systems must be digitalised through Internet of Things and analytics solutions/retrofits, which can provide insights pertaining to inefficiencies, excessive energy usage, and faulty equipment.