Power Sector And Other Related News Stories For Friday March 17th 2023

Posted by News Room March 17, 2023

BEDC Educates Retirees on Financial Prudence 

The Benin Electricity Distribution Company (BEDC) on Wednesday organised a seminar for its retiring staff in collaboration with Stanbic IBTC Pensions in Benin.The Head, Human Capital Management of BEDC, Dr Obinna Obi, said the event was designed towards making the staff understand the various administrative formalities and preparation for life after retirement.Obi noted that one of the company’s priorities was to educate the retirees on financial prudence and investments. 


Lai Mohammed Inaugurates ₦9bn Electricity Project in Home Town 

The project, with 5km turn-in-turn-out Offa-Omu-Aran 132kV double circuit transmission lines, was awarded by the Federal Government through the Transmission Company of Nigeria (TCN). 

The project was awarded in the sum of N3 billion local content and 8 million dollar (about N6 billion) foreign exchange. 

Mohammed described the occasion as momentous for the Oro community, considering the expected positive fallouts of the project. 



NCC Urges Telcos to Adopt Renewable Energy to Minimise Cost 

The Nigerian Communications Commission (NCC) on Wednesday urged telecommunication companies to adopt a modern and more energy-efficient network to reduce carbon emissions emanating from the sector. 

NCC disclosed this during its 2023 World Consumer Right event tagged “Empowering consumers through clean energy transition”, held at the NCC’s Communications and Digital Economy Complex, Abuja. 

Speaking at the event, the Executive Vice Chairman/Chief Executive Officer of NCC, Umar Danbatta, said with the recent licensing of the fifth generation (5G) spectrum, the country will witness an improvement in the deployment of telecom infrastructure to satisfy the wireless service coverage requirement for 5G services. 



Group Advocates 35% Women Inclusion In Energy Sector 

The Women in Energy Network (WEIN), an advocacy group, have urged the incoming government to ensure 35 per cent of women’s inclusion in the affairs of the energy sector in the country. 

Speaking at a news conference in Lagos, Mrs Funmi Ogbue, National President of WEIN, represented by Mrs Charlotte Essiet, member, Board of Trustee, WEIN, said this was of utmost importance to the group. 

Ogbue said women inclusion in the energy sector could be achieved through the creation of policies and initiatives that promote equal opportunities, gender diversity, and inclusion in the workplace. 



Institute, NBTE Commence Diploma Programme to Produce Solar Energy Technicians 

Stakeholders in the Nigerian renewable energy industry on Thursday, March 16, 2023, at a gathering underlined the need to develop and reinforce local indigenous manpower capacity in the renewable energy and energy efficiency industry. 

This move was initiated at a virtual session to unveil the National Innovation Diploma (NID) in Solar Energy Technology programme, which is set to commence at the instance of Asteven Energy Institute, a National Board for Technical Education (NBTE) accredited training centre. 

According to a representative of NBTE who spoke at the virtual session, Mr Donald Odiyoma, NBTE is the only organisation entitled by law to assess and accredit enterprise innovation centres, a platform under which the Asteven Energy Institute falls under and is accredited as a vocational training centre. 


Shell plc publishes its Energy Transition Progress Report 2022 

Shell plc has published its Energy Transition Progress Report 2022, which can be viewed and downloaded from www.shell.com/agm. The report shows Shell has again met its climate targets as part of its energy transition strategy. The report will be put to shareholders for an advisory vote at Shell’s Annual General Meeting, currently scheduled for May 23, 2023. 

“In this report, we show the progress we have made towards becoming a net-zero emissions energy business by 2050, as we continue to supply the vital energy the world needs during a time of great volatility,” said Wael Sawan, Shell’s Chief Executive Officer. “I am especially proud of the progress we have made in reducing carbon emissions from our operations, with a 30% reduction by the end of 2022 compared with 2016 on a net basis.” 


Solar Hybrid Inverter Market Giants Spending is going to Boom | Flin Energy, Havells, Schneider Electric 

The recent research publication on Global Solar Hybrid Inverter market provides insights into the evolution of the competitive environment, the lifecycle stage, and opportunities. The survey with Solar Hybrid Inverter investors & stakeholders in this sector, from APAC, EMEA, and the Americas, reveals information such as large-scale projects with regulatory factors by country, subsidies, tax incentives, and direct investment. Along with this activity comes a stream of Solar Hybrid Inverter M&A activity and growth, as producers strive to stay ahead of the curve. 


San Leon Energy says Decklar Expands Crude Sale Agreement in Nigeria 

San Leon Energy PLC (AIM:SLE, AQSE:SLE, OTC:SLGYF) has relayed an update from its associate in Nigeria, Decklar Resources, which has reported an increase in oil shipments due for sale. 

The company, in a statement, noted Decklar’s news that, alongside its co-venturer Millenium Oil & Gas, a new addendum to a sales agreement sees more crude oil being shipped to a refinery in Edo State, Nigeria. 


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