Power Sector And Other Related News Stories For Friday October 7th 2022
Incessant Grid Collapse Continues
According to a Punch news report, the House of Representatives has resolved to investigate the incessant collapse of Nigeria’s power grid and the failure of the Transmission Company of Nigeria to resolve pressing issues. At the plenary on Tuesday, the House mandated its Committee on Power to investigate the root causes of the incessant national grid collapse in the country viz-a-viz TCN’s capacity to address the ugly trend, to forestall future occurrences, and protect our already fragile socio-economic environment.
The lawmakers noted that available statistics from research shows that if the power generated is adequately wheeled and transmitted for distribution to consumers, there will be a 30% reduction in the cost of generating power, thus leading to a corresponding reduction in the prices of utilities in the electricity supply industry.
Nigeria has continued to suffer nationwide power outages largely due to the collapse of the national electricity grid. As earlier noted, between 2010 and 2020, the national grid collapsed a total of 216 times. From the incessant collapse of the national grid to electric sparks resulting in fire incidences, it goes without saying that Nigeria’s power infrastructure is giving way to neglect and underinvestment.
Improved Service Delivery: EKEDC Unveils Complaints Outlet in Ajegunle, Badagry, Others
Eko Electricity Distribution Company (EKEDC), has unveiled four new customer complaint units in Ajegunle, Ajangbadi, Onike and Badagry areas of Lagos as part of its customer service week celebration.
The company’s Managing Director, Dr. Tinuade Sanda, disclosed this at a media briefing at the EKEDC Zonal office in Onike, Lagos.
Dr. Sanda said the outlets were created to connect more with customers by bringing their services closer to them.
She urged customers to take advantage of the various complaint centres by giving feedback and information whenever they notice theft, vandalism, fraud or inappropriate behaviour by the company’s staff.
Dr. Sanda also encouraged customers to key into the mobile Meter Asset Provider (MAP) exercise targeted at providing meters within 72 hours of payment by visiting any of the district offices.
EEDC Charges Staff to Make Customers ‘King’, Treat Service With Speed, Commitment
Mr Praveen Chorghade, the Managing Director of Enugu Electricity Distribution Company (EEDC), on Thursday charged staff of the company to “make customers king’ and treat their demand for services with speed.
Chorghade, represented by EEDC’s Chief Technical Officer, Mr Vincent Ekwekwu, said this in an address in Enugu in the ongoing Customer Service Week 2022 at various districts and service offices of the company within its franchise area.
According to him, “our product is not just electricity; our product is also services; so essentially, what we offer our customers is electricity and services.
“To serve our customers well, we have to be efficient and effective, doing our work according to the timing and convenience of our customers and not ours.
“Going extra miles and beyond the expectations of our customers, so we can put smiles on their faces.
Eko Disco Sustains 72hr Meter Deployment to Close Metering Gap
The management of Eko Electricity Distribution Company(EKEDC), has said, it is working to actualise its meter deployment target and has therefore programmed the process not to exceed 72 hours under the Meter Asset Provider(MAP) scheme.
The company’s managing director Dr. Tinuade Sanda, restated this commitment at a press conference, where she urged cistomers under the network customers to key into the mobile MAP exercise that aims to provide customers with meters within 72 hours of payment by visiting any of their district offices.
Sanda, at the conference on Tuesday, also inaugurated four new customer complaint units as part of its customer service week celebration.
She stated that EKEDC had commissioned four New Customer Service Centres at Onike, Ajangbadi, Ajegunle and Badagry in a bid to connect more with customers by bringing their services closer to them.
She said: “the opening of these Customer Complaint Units is part of our strategy to improving services to our customers and improve customer satisfaction across our operational network.”
Geregu Power Becomes First Electricity Company to List on NGX
The Nigerian Exchange Limited (NGX) yesterday, Geregu Power Plc (GPP), admitted into the its Main board by way of listing by Introduction (LBI) with the admittance of 2.5 billion ordinary shares of 50 kobo each at N100 per share.
Geregu Power, a leading power generation company (GenCo) in Nigeria, is the first electricity company to be listed on the NGX Main Board, a listing segment for well-established companies with demonstrable records of accomplishments.
The listing of Geregu’s shares has added N250 billion to the market capitalisation of NGX, further boosting liquidity in the Nigerian capital market and providing opportunities for wealth creation.
However, amid high investors’ demand, Geregu Power’s stock gained 10 per cent which amounts to N10 on its first trading day on the NGX to close at N110 per share from N100 per share it was listed by introduction.
The gain pushed its market capitalisation to N275 billion from the N250 billiion it was listed.
Congo’s Inga Dam Could Solve Africa’s Electricity Challenge
The US$80 billion Grand Inga Dam project, including transmission lines to send electricity across Africa and Europe, is acclaimed as having the potential to supply green electricity to the entire sub-Saharan region.
The African Development Bank and the World Bank approved US$141m in grants for the preparation of the project in the years 2013 and 2014.
Recently, the project has received a fresh boost after Australian mining company Fortescue Metals Group confirmed its alliance with the Democratic Republic of Congo to invest in the development of the world’s largest hydroelectric project in Africa.
The Inga Dam project is a proposed series of seven hydroelectric power stations near the Inga Falls in the Democratic Republic of the Congo. It is an improvement of the existing 351 MW Inga 1 and 1,424 MW Inga 2 plants completed in 1972 and 1982, respectively.
ACWA Power to Develop SWRO and CCGT Plants-Senegal
The National Electricity Company of Senegal (SENELEC) and Water Company of Senegal (SONES) signed memorandums of Understanding (MoU) with ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide. The MOUs were signed in the presence of The President of the Republic of Senegal, H.E. Macky Sall, The Minister of Investment, H.E. Eng. Khalid bin Abdulaziz Al Falih, and Mr Fahd bin Ali Al-Dosary, the Saudi Ambassador to Senegal.
ACWA Power will work with SENELEC to build a 160MW combined Cycle Gas Turbine (CCGT) plant in line with Senegal’s Gas for the power plan in Cap des Biches. The power project will reduce the cost of electricity, reduce greenhouse emissions by about 23% by 2030 and increase the country’s energy independence. ACWA Power will also oversee the development of the largest desalination plant in sub–Saharan Africa. The 300,000 m3/d seawater reverse osmosis plant in Grande Côte about 40 km North-East of Senegal’s capital, Dakar.
The managing Director of SONES, Charles Fall, said: “The agreement we have just signed is above all an essential step taken in response to the demand for drinking water within the framework of the Plan Sénégal Émergent (PSE).” He added that the projects were an opportunity for the existence of the local private sector following the creation of a Senegalese company operating under Senegalese law. Furthermore, He said that the partnership framework was an indicator of Senegal’s partnership with Saudi Arabia.