Power Sector And Other Related News Stories For Friday December 8th 2023
21 Power Projects Abandoned in South-East Since 2019, Says TCN
The Transmission Company of Nigeria (TCN) has lamented the strangulation of 21 power projects in the South East since 2019, blaming it on activities of residents.
General Manager (Transmission), Enugu Region, Emmanuel Akpa, stated this while briefing reporters, yesterday, that the projects, awarded since 2019 and aimed at boosting power supply, are located in Arochukwu, Okigwe, Nnewi, Enugu, Nsukka, Orlu, 9th Mile, Nike, among others.
Power Crisis Raises Product Costs By 40% – Report
The poor state of electricity in Nigeria adds 40 per cent to the cost of manufactured products, a new report by Nanyang Technology University’s Centre for African Studies has stated.
The 150-page report titled “Back to Growth: Priority Agenda for the Economic Revival of Nigeria” was presented by the author and Director of the Centre, Amit Jain, recently in Lagos.
According to the report, the manufacturing sector has much higher productivity than agriculture and can absorb a larger proportion of the workforce.
It said a top-line analysis of the business environment in Nigeria showed that the country lacked many of the factors required to attract investment in the manufacturing sector.
NEMSA Gives PHEDC 2 Weeks to Resolve Lapses in Network
The Nigerian Electricity Management Services Agency (NEMSA) has given the management of the Port Harcourt Electricity Distribution Company (PHEDC) two weeks to resolve all outstanding issues with its networks or face legal action.
This directive was issued on Thursday 30th November 2023 by the Managing Director/Chief Executive Office of NEMSA, Aliyu Tukur Tahir when the Management team of PHEDC led by the MD/CEO, Benson Eweruo paid him a courtesy visit at the Abuja headquarters of the Agency.
“Completion is set”: TCN Announces Date Nigerians Will Enjoy Improved Electricity Supply
The fifty-three (53) ongoing power projects funded by the Central Bank of Nigeria (CBN) power intervention fund will be finished by May 2024, the Transmission Company of Nigeria (TCN) has announced.
Matthew Ajibade, the TCN programme coordinator in charge of the projects, made this known during a tour of three projects located at Ojo, Isolo, and Oworonshoki transmission stations in Lagos on Wednesday, December 11. According to Ajibade, the project will improve the ability to transport electricity by over 1,000 megawatts upon completion.
Dangote Cement Restores Electricity To Ogun Host Communities
Dangote Cement Plc, Ibese in the spirit of good neighbourliness, has donated multi-million Naira worth of electrical items to some neighbouring communities around its operation in Ibese, in Yewa North Local Government, Ogun State, to enable the communities reconnect to the national grid and have their power supply restored.
The management of Dangote Cement Plc donated the electrical materials to close out the lingering power outage in the affected communities which have been in darkness for some months due to unhealthy High-Tension Lines on their distribution network.
Energy Storage Could Halve Telecoms Networks’ Electricity Costs, Finland’s Elisa Says
Europe’s telecommunications sector has the potential to deploy 15GWh of distributed energy storage (DES), halving its energy costs and helping the energy transition, Finnish telecoms firm Elisa said discussing its new DES solution with Energy-Storage.news.
The firm has launched a DES smart energy solution which it is offering to other telecommunications network operators to enable them to leverage energy storage across their networks into a virtual power plant (VPP).