Power Sector And Other Related News Review for Wednesday April 26th 2023

Posted by News Room April 26, 2023

TCN’s Market Operator Laments Indiscipline in Power Sector, to Disconnect Defaulters

The electricity sector Market Operator (MO) of the Transmission Company of Nigeria (TCN), yesterday threatened to activate partial or total disconnection of defaulting participants in the industry.

This was just as industrialists in Aba, Abia State, have risen in stout defence of Aba Power Limited, which was disconnected from the national grid last Friday, by the TCN over an N896.21 million debt owed as fees to government agencies in the power sector. 

The market operator is a division of the TCN which issues market settlements and invoices due to the market participants and service providers in the Nigerian Electricity Supply Industry (NESI).



TCN, DisCos Trade Blames Over Sector’s Poor Performance

THE Market Operator, a unit in the Transmission Company of Nigeria, TCN and electricity distribution companies, DisCos, have disagreed sharply over who is responsible for poor services rendered by the Nigerian Electricity Supply Industry, NESI. 

The MO, a unit in the Transmission Company of Nigeria, TCN, is responsible for issuing invoices and collecting payments for ancillary services provided by TCN, Nigerian Electricity Regulatory Commission, and other government agencies in the sector.

The Market Operator, Engr. Edmund Eje, in a statement yesterday blamed lack of growth in the Nigerian electricity market on the failure of companies to adhere to rules and regulations governing the sector.



German Firm Builds NEMSA Staff Capacity

The Konrad-Adenauer-Stiftung, a German-based human capacity development firm, has organised intensive capacity-building training for members of staff of the Nigerian Electricity Management Services Agency (NEMSA).

NEMSA’s Spokesperson, Mrs. Ama Umoren, in a statement in Abuja on Tuesday said that the two-day intensive training was organised in collaboration with the Budget and Planning unit of the Federal Ministry of Finance, Budget, and National Planning.

According to her, the members of staff were also trained in leadership and business development skills.



Harmonising Electricity Bills and Constitutional Amendment on Electricity, by Odion Omonfoman

The Electric Power Sector Reform Act (EPSRA) was signed into law by President Olusegun Obasanjo in 2005. The law was passed by the National Assembly a year earlier in 2004. The EPSRA (2005) provides the legal, regulatory and governance frameworks underpinning the Nigerian Electricity Supply Industry (NESI) as we know it today. Since its passage 19 years ago, the EPSRA is yet to be amended by the National Assembly, despite several attempts to do so. However, several ancillary electricity legislations, mainly establishment Acts, have also been passed by the National Assembly


Court Remands Four for Vandalising, Stealing EKEDC Property

A Lagos Magistrate’s court has remanded four persons for vandalising properties belonging to Eko Electricity Distribution Company (EKEDC).The defendants were caught stealing, damaging, and vandalising cables, transformers, and other equipment before they were arrested and charged to court.This was made known in a statement signed by the EKEDC Head of Corporate Communications and Strategy, Babatunde Lasaki.


Osinbajo Outlines Pathway for Economic Growth in Africa

Vice President Yemi Osinbajo has declared that for African countries to attain middle-income status and societal prosperity for their people, the issue of energy has to be tackled headlong and reflected in global energy transition conversations.

To achieve this, Osinbajo outlined specific pathways that would lead to climate-positive economic growth in the continent and, at the same time, lead to the realisation of global net-zero emissions targets.


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