Power Sector And Other Related News Stories For Monday 21st November 2022

Posted by News Room November 21, 2022

Adeleke tackles Nigeria electricity problem with art 

The exhibition of works of painting titled Light Resolutions” by Akeem Adeleke, which tackles the hydra-headed problem of electricity supply in Nigeria, could not have come timelier. The public opening which began November 20, 2022 at Legacy Empire Gallery, LLC, runs till November 24, 2022.

In presenting Light Resolutions, Curator Mathew Oyedele writes beautifully about the theme which hits at the very heart of Nigeria problem darkness, the darkness which originated from people minds and resulted physically in the failure of electricity supply.


Edo Targets N10bn Investment from Local, Foreign Investors with Improved Electricity Supply 

The Edo State is projecting to attract additional N10 billion in domestic and foreign investment as a result of improved power supply in the state.The state said it had already attracted N2 billion in investment, mostly in the agricultural sector, which was expected to create many multiplier effects, including enhancing food production, supply of raw materials to industries, and creating additional employment opportunities.Senior Special Assistant to the Edo State Governor on Electricity, Mr. Osasumwen Arigbe-Osula, disclosed this while reacting to the latest nomination of the state as the Best State Government for the forthcoming Nigeria Power Sector Awards.


$250m CBN interventional improve electricity transmission, distribution-Stakeholders 

The fund meant to urgently fix existing dilapidated infrastructure in the area of electricity distribution and transmission would enable the Transmission Company of Nigeria (TCN) wheel more electricity on the short and enable distribution companies (DisCo) procure and repair their key interface infrastructure. Although still battling existing challenges, especially unsettled management issues that have hindered some DisCos from accessing the fund, there are indications that many have ordered transformers, with the utility companies providing about N6 billion under the initiative.


We Are Driving Delivery of Nigeria Net-zero Promise, Says Oando Clean Energy Boss 

The Executive President, Oando Clean Energy Limited (OCEL), Mr. Ademola Ogunbanjo has said pledged the company resolve to drive Nigeria net-zero target.Ogunbajo, said this during a presentation on OCEL sustainable transport initiative specifically targeted at decarbonising the Niger Delta amongst other initiatives, at the just concluded 27th United Nations Climate Change Conference of the Parties (COP27) with theme: Delivering for the people and the planet.Also, OCEL President/CEO, Dr. Ainojie Irune, spoke about how the company sustainable transport strategy was a launchpad that would create the impetus for private users to start to migrate to electric vehicles and eventually lead to economies of scale across the nation.


POWER SECTOR: What Atiku must do to get it right 

The erratic power supply in Nigeria is generally believed to be the bane of economic and industrial development in the country.

Many factors including government inconsistent and misguided power reform policies; inefficiency in power generation, transmission, distribution and consumption; and the incompetent work force of energy companies have been the reason for the near collapse of the sector.

Nigeria is Africa largest economy, but also has one of the widest energy gaps in the world.

With a growing population, Nigeria urgently needs to improve its power sector.


Encroachment Delaying Addition of 2,000 Megawatts to National Grid, FG Laments 

The federal government yesterday lamented that the encroachment of land in various communities along power lines “is delaying addition of 2,000 megawatts to the national grid.

 The Minister of Power, Mr. Aliyu Abubakar, revealed this during a two-day working visit to nine power stations in the state, saying land encroachment had been impeding the process of electricity supply and generation from one place to another in the country.


Power Crisis: How Nigeria Can Get It Right Analysts 

Nigeria power sector has been one of the weak links in the infrastructure chain of the Nigerian economy, and for it to deliver the expected results, it must undergo fundamental restructuring, analysts have said.

Such changes must range from decentralising the current national grid to ensuring cost-effective pricing of power output and diversification of the power mix. This must be one of the priority items for Nigeria next president, the analysts added.

Nigeria has undertaken a couple of power sector reforms, the most ambitious and far-reaching one being the 2013 unbundling of the former monopoly, the Power Holding Company of Nigeria and the privatisation of spurn-off units.


Land encroachment delays FG plan to supply additional 2,000 megawatts to Kano 

The minister said that all the ongoing power projects would be completed and put to use by President Muhammadu Buhari administration to ensure stable electricity supply across Nigeria, through continuous enhancement of the wheeling capacity of the TCN and more investment in renewable energy through Rural Electrification Agency, REA.

In his remark, Mr Ganduje promised to assist in relocating the people that are occupying the TCN right of way so as to allow the reconductoring of Kumbotso-Dan Agundi power line that is over 54years old.

Mr Aliyu also inspected the Kumbotso Transmission Substation, Rimin Zakara Transmission Substation and the 1 megawatt Peak Interconnected Solar Mini Grid Zawachiki.


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