Power Sector And Other Related News Stories For Monday November 27th 2023

Posted by News Room November 27, 2023

Chinese Varsity Develops Power Sector Talents for Nigeria

Chairman of the Senate Committee on Power, Enyinnanya Abaribe, has said Nigeria is collaborating with the Shanghai University of Electric Power (SUEP) to correct the misalignment arising from the Nigerian Electricity Supply Industry (NESI) value chain.

Addressing reporters at a workshop tagged: “Exploring opportunities for cooperation under China’s Belt and Road Initiative (BRI) for the Nigerian Electric Power Sector” at the weekend in Abuja, Abaribe said the engineers in the sector are not competent enough for the attainment of seamless generation, transmission and distribution the country has been yearning for



Electricity Cooperative Model, Potential Solution to Ailing Energy Sector – Lagos Commissioner

he Lagos State Government says its new electricity cooperative model initiative is a potential solution to the ailing energy sector in the country, particularly in the state.

The state’s Commissioner for Commerce, Cooperatives, Trade & Investment, Mrs Folashade Ambrose-Medebem, made this known at a one-day maiden symposium in Lagos on Thursday.

The News Agency of Nigeria (NAN) reports that the symposium, organised by the Lagos State Cooperative College is with the theme: “Venturing into Power Sector: The Electric Cooperative Model”.



France Leverages Energy, Tech Others to Deepen Ties With Nigeria

French Minister for Foreign Trade, Attractiveness and French Nationals Abroad, Mr. Olivier Becht, has said that technology, agricultural and energy sectors have the highest potential of deepening bilateral trade relations between France and Nigeria in the future.

He said this at the French-Nigerian Economic Summit yesterday in Lagos, which was part of the events for French Week organised yearly by the French-Nigerian Chamber of Commerce.

The Summit also included a memorandum signature ceremony, during which several deals were made public, especially in the field of agribusiness. Raedial Holdings and Compagnie Fruitière signed an MoU announcing their project to grow bananas in Cross River State. FanMilk (a brand of Danone) signed with Koolboks, a start-up co-founded in France by a Nigerian entrepreneur, to use innovative fridges for the delivery operations. Other deals were signed in the field of renewable energy.



Dilapidated Power Plants, Erratic Supply Stunt Nigeria’s Economy

Despite boasting of 28 private and government-owned power generation plants, Nigeria has a low power generation, transmission and distribution capacity of about 5,625MW, 8,500MW, and 8,425MW respectively, which are said to be inadequate to achieve industrial revolution in the country.

This has compelled millions of households and businesses to rely on generators to power their homes and businesses, putting pressure on their meagre salaries and profits as fuel prices have tripled since the petrol subsidy was removed by President Bola Tinubu in May.



Nigerian Breweries seals 15yrs solar power deal with Daystar Power Energy Solutions

Nigeria’s foremost brewing company has signed a 15-year Solar Power Purchase Agreement with Daystar Power Energy Solutions- an integrated energy development company, to deliver customized hybrid solar power solutions that will cover the electricity needs of its Lagos brewery and the Corporate Head Office both in Iganmu, Lagos.

This agreement is part of a roll-out plan to achieve Heineken’s net zero ambition. The supply of renewable, affordable, and reliable energy to the Lagos Brewery is another bold step that takes the company closer to becoming carbon-neutral by 2030.

Under the term of the 15-year agreement, Nigerian Breweries will be sourcing part of its power supply through a massive roof-mounted solar installation to be deployed by Daystar Power Energy Solutions.



Gov Uba Sani Begins New Rural Kaduna Roads, Boosts Electricity, Sports

Governor Uba Sani has expanded rural Kaduna roads roads projects on the Northern side, after kicking-off with other roads on the Southern side of the State shortly before he clocked 100 days in office.

In a revelation on his verified social media handles, the governor said the administration has ramped up its rural transformation drive with the flag-off of feeder roads construction.

He said that the new road projects were taken together with the rehabilitation of vandalized transformers and upgrade of power supply lines and commissioning of new township stadium.

“I flagged off and commissioned the following projects today:
Construction of 10.2km feeder road (Dan-Makwarwa – Hunkuyi), Kudan Local Government.


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