Power Sector And Other Related News Stories For Monday October 30th 2023

Posted by News Room October 30, 2023

Operators Insist Power Sector Has Improved in Last Decade

Stakeholders in the Nigerian Electricity Supply Industry (NESI) have stated that despite the several shortcomings, the power sector which was partially privatised in 2013, has experienced some marked improvements in the last 10 years.

Briefing journalists in Abuja on the plans to mark the anniversary of the sector, representatives of generation, transmission and  distribution companies, noted that they also plan to bring major industry players together this week, through a golf tourney to ensure synergy in the sector.

Coordinator, NESI Golf,  Adetunji Adeyeye, an operator and energy expert, explained that misalignment of the entire value chain has been a major challenge and therefore the need to bring industry players together.



Implementation, Transparency Concerns Surround Nigeria’s Energy Transition Plan

Discussions on the Federal Government Energy Transition Plan and its implication for Nigeria’s sustainable energy future have recently formed a vital component for arguments among stakeholders in the renewable energy sector, especially the body at the fore of championing the course, the Renewable Energy Association of Nigeria, OPEOLUWANI AKINTAYO writes

As Nigeria journeys towards the set target of attaining net zero, renewable energy experts recently gathered some responses from a survey which they said would further assist in strengthening advocacy efforts, expand renewable energy stakeholders participation, and provide guidance to decision-makers, especially the Energy Transition Office, to develop well-informed and actionable strategies in implementation and achieving the ETP targets set by the Federal Government for 2060.



Utilise Dam Waters for Electricity, Experts Urge Govt

Engineers in the built industry have called on the government to deploy flooding from dams to generate power in the country.

The National President of the Nigerian Association for the Engineering Geology and the Environment, Dr. Waliu Adeolu, made this call in an exclusive interview with The PUNCH.

He said, “Flooding does not just happen, and a consistent dredging is essential. Our dams do not only have to be released when there is high rainfall, our dams can be used when we have irrigational activities, so those water released can be utilised for agricultural purposes and power generation.



Pressure on Ikeja Electric Customers to Meet STS NIN Update Deadline

The upgrade is expected to forestall inability to load energy tokens from November 1, 2023, when the DisCo kicks off its Token Identifier (TID) rollover.

Recall that only IE asked its customers with STS meters to provide National Identification Number (NIN) details as part of requirements for the upgrade.

Earlier, through its X social media handle, Nigerian Electricity Regulatory Commission (NERC) had disclosed the need for prepaid meter upgrade before November 2024.



Nigeria Needs Good Transmission Model to Grow Power Sector’

A former Senior Vice President, Gas Commercialization, Genesis Energy, Mr Patrick Udechukwu, has said that Nigeria should adopt a good transmission ownership model to accelerate power services in Nigeria. He noted that Nigeria needed improved power generation, transmission and distribution to grow the nation’s economy, fast-track industrialization and improve the welfare, living standard and quality of lives of the residents. Udechukwu, in an interview with New Telegraph over the weekend, said the government should unbundle the nation’s transmission, bring in private sector investment, and retain the Transmission Company of Nigeria (TCN) as the regulator.



Nigeria Signs $463m Deal to Boost Electricity Access

The Federal Government, through the Ministry of Power, has inked a $463 million contract with a Chinese consortium to improve power distribution lines.

The said the China Exim Bank would finance the deal because it contained both off-shore and significant on-shore components.

Bolaji Tunji, the Special Adviser for Strategic Communication and Media Relations to the Minister of Power, revealed this in a statement, stating that the agreement would increase energy availability to families and businesses nationwide.



Germany to Provide Cheap Electricity to Nigeria, Other ECOWAS Countries

The Chancellor of the Federal Republic of Germany, Olaf Scholz, has said his country is working with the Economic Community of West African States (ECOWAS) to provide cheap electricity to member states.

Scholz disclosed this while addressing a press conference after a meeting with the ECOWAS Commission’s President Dr. Omar Alieu Touray, in Abuja on Sunday.

The German Chancellor said his country is also cooperating with the ECOWAS in other areas including pandemic prevention, security and prevention of coups in the region, adding that Germany had increased its financial support to the bloc recently.


We use cookies to enhance your experience on our website. By continuing to browse our site,
you consent to our use of cookies.