Power Sector And Other Related News Stories For Friday August 4th 2023

Posted by News Room August 4, 2023

FG Partners US, EU on Power Sector, Energy Transition

The Permanent Secretary, Federal Ministry of Power, Temitope Fashedemi, who stated this at the 8th Nigeria Energy Forum, NEF, Opening Plenary on Energy Transition for Growth in Lagos yesterday, said the realisation of this goal depended on the implementation of Nigeria’s Energy Transition Plan, ETP, which was launched  in 2022.

The Perm Sec, who was represented by the Managing Director, Rural Electrification Agency, Engr. Ahmad Salihijo, said the country would continue to strive towards increasing energy development through legislations, policies and critical projects.



Experts Seek Policies To Unlock Nigeria’s Energy Sector

The formulation and execution of valuable policies by the government and major stakeholders will catalyze investments in Nigeria’s electricity sector and boost energy access in the country, according to the international energy events manager, Informa Markets.

The Exhibition Director in charge of Energy Portfolio in the Middle East and Africa, Informa Markets, Mr Ade Yesufu, who made the assertion in Lagos ahead of the 10th Nigeria Energy Conference, said prominent experts in the power sector will provide a blueprint to address the perennial power challenges in Nigeria.



10 Years Post-privatization, Electricity Industry Stakeholders Examine Performance, Plan Roundtable

Chairman of the NESI Market Participants & Stakeholders Roundtable (NMPSR),  Professor Stephen Ogaji, said the  inaugural roundtable event, titled “NESI privatization & Its 10-year milestone: The Journey So Far, Opportunities and Prospects,”  is said to hold from October 30th to November 1st, 2023, in Abuja.

Speaking at a press conference, yesterday,

Ogaji said “the event is the first of what we hope to be a bi-annual conference event that provides a platform for a robust and comprehensive discussion of the issues and prospects associated with the Nigerian Electricity Supply Industry (NESI).



APGC Condemns Imbalance in Sale of Electricity to International Customers

Association of Power Generation Companies (APGC) Chief Executive Officer, Dr. Joy Ogaji has bemoaned the imbalance in bilateral contracts for the purchase and sale of electricity, especially for deliveries of power from the Nigerian Electricity Supply Industry (NESI) to international customers.

Some of the Nigeria’s international electricity customers are Republic of Benin, Niger, and Togo.

Speaking at the Renewable Energy and Energy Efficiency Associations (Alliance) – REEEA Conference in Abuja, she said lack of effective planning has culminated in the dependence on rental plans that further expands cost, imbalance in bilateral contracts of purchase mostly for supplying power to international customers.



Nigerian Consumers Pay N247.09 Billion For Electricity In Q1 2023: NERC Report

In the first quarter of 2023, consumers in Nigeria paid a total of N247.09 billion for electricity, marking a 1.14 percent increase compared to the N243.65 billion paid in the fourth quarter of 2022, according to the latest report from the Nigerian Electricity Regulatory Commission (NERC).

In its 2023 first-quarter report released yesterday, the NERC explained that the total revenue collected by all electricity distribution companies (DisCos) represented a collection efficiency of 68.75 percent. This showed a decrease in cumulative collection efficiency of 4.58 percentage points, down from 73.33 percent in the fourth quarter of 2022 to 68.75 percent in the first quarter of 2023. However, the total energy billed increased by 8.15 percent compared to the previous quarter, amounting to N332.28 billion.



Taraba Electricity Law Passes First Reading

Taraba State House of Assembly has commenced the process of enacting laws that will enable the state to generate, transmit and distribute electricity for its citizens.
The Taraba State Electricity Establishment Bill, 2023, sponsored by former Speaker, Abel Diah (Mbamnga Constituency), has passed first reading, The Guardian learnt.
It came a few months after the constitution amendment that gave states power to enact laws to enable them generate, distribute and transmit electricity in areas within their boundaries, including areas previously covered by the national grid.



TCN confirms cutting off power supply to Niger

The Transmission Company of Nigeria (TCN) has confirmed cutting off electricity supply to Niger Republic as a direct consequence of its recent coup plot which saw the ousting of the country’s president by the Military.

Channels Television reports that TCN confirmed the news through one of its officials in Kano state.

On Wednesday, August 2, the BBC reported that major cities in Niger Republic were facing rolling blackouts because of the power supply cut from Nigeria. This was according to the Nigerien electricity company, Nigelec.




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