Power Sector And Other Related News Stories For Monday November 20th 2023
‘Why It’s Difficult To Meet Nigerians’ Expectations In Power Sector’
The area manager of Abuja Electricity Distribution Company (AEDC) in the Bwari area council, Engr Adesola Oyedotun spoke with IGHO OYOYO on the uncertainties surrounding meter expiring dates, what consumers must do to avoid having challenges with their meters after November next year and why it is difficult to meet the expectations of Nigerians in the power sector.
Sun Africa Pledges $2.2bn for Nigeria’s Power Sector Devt
Sun Africa LLC, an international organisation that supports Africa’s energy needs, has pledged to commit about $2.2bn for the development of Nigeria’s power sector.
Minister of Power, Adebayo Adelabu, disclosed this after a meeting with representatives of Sun Africa, led by its Chairman, Goran Rajsic, according to a statement issued in Abuja on Sunday by the Federal Ministry of Power.
The FMP said the international firm would support the Federal Government in providing vital power infrastructure for Nigeria, adding that the commitment had been formalised.
FG Secures $2.2bn Support to Develop Nigeria’s Power Sector
The federal government says Sun Africa LCC has pledged $2.2 billion to develop Nigeria’s power sector.
Adebayo Adelabu, the Minister of Power, disclosed this after a meeting with representatives of Sun Africa, led by its Chairman, Goran Rajsic, according to a statement issued in Abuja on Sunday by the Federal Ministry of Power.
The statement said the firm would support the Federal Government in providing vital power infrastructure for Nigeria, adding that the commitment had been formalised.
The project’s initial phase will focus on delivering 961 MWp of solar PV infrastructure and 455 MWh of battery energy storage, valued at approximately $2.2 billion,” it noted.
Gov Eno Calls for Improved Power Supply in Nigeria
Akwa Ibom State Governor, Pastor Umo Eno has advocated that urgent steps and action be taken to improve power supply in the country, stressing that power remains very critical to the development of the economy of any nation.
Eno who spoke when a delegation of the Senate Committee on Power and members of the Nigerian Electricity Regulatory Commission (NERC) visited him at Government House, Uyo, said his administration was ready to partner Federal Government to ensure the offtake of power generated from Ibom Power Plant (IPP) for the benefit of Nigerians.
Drought of Investors, Bane of Power Sector – NBET
Managing Director of the Nigerian Bulk Electricity Trading Plc, Nnamdi Nnemeka has revealed that the power sector in the country was largely challenged by drought of investors.
Nnemeka disclosed this during the discussion at the WorldStage Economic Summit 2023 held in Lagos with the theme: National Dialogue on Electricity.
Mr. Johnson Akinnawo who represented Dr. Nnamdi Nnemeka on the panelist, bemoaned the complexity in the entire chain of power generation, distribution and transmission by raising a concern that in spite of the large amount of money that had been pumped in by successive governments, electricity supply remains unreliable.
NDPHC Forges Ahead With ‘Light Up Nigeria’ Power Project Despite Being Owed Over N160BN
The Niger Delta Power Holding Company (NDPHC) has stated it is continuing with the ‘Light Up Nigeria’ projects despite being owed over N160 billion by industry operators.
It however stated that it will want the debts to be settled to provide efficient service delivery in the country.
The company stated that it is also indebted to other companies such as gas producers in the value chain which it need to settle, stating that despite the debt situation the company is forging on with its plans