Power Sector And Other Related News Stories For Monday September 25th 2023

Posted by News Room September 25, 2023

Despite N2.8tr Subsidy, Power Averages 3,000MW in 10 Years

Despite the despondent state of electricity supply in Nigeria, the Federal Government has spent nothing less than N2.8 trillion to subsidise electricity consumption from 2015 to June, 2023.

There are indications that the tariff shortfall may climb to record high in the second half of this year following the suspension of the sector’s Multi Year Tariff Order, implemented through the Service-Based-Tariff (SBT). The SBT had relieved the government and passed the burden of the sector’s inefficiencies to consumers.

Crumbling due to the liquidity crisis, Nigeria’s power sector has distorted the books of financial institutions and pushed Small and Medium Enterprises as well as manufacturers out of business while failing to report profit.



YEDC Restores Electricity In Yobe LG After Windstorm

The Yola Electricity Distribution Company (YEDC), in collaboration with the Yobe State Rural Electrification Board (YREB), has restored electricity supply in Damagum town, headquarters of Fune LGA, and Ngelzarma Emirate after a windstorm destroyed 18 poles last week.

Mr Olugbenga Adebola, Head of Corporate Communication of YEDC, and Mahmoud Sajo, the Regional Manager of YEDC, Yobe State, stated this while briefing newsmen on Saturday in Damaturu.

Mr Adebola noted that, ‘‘Several communities like Garin Daye, Mashio, Bingel, Mamudo, Damagum town, Dogon Kuka-Damagum Feeder and Ngelzarma town and villages were affected by the disaster.’’



How to Effectively Cut Electricity Cost

Optimizing electricity bill management includes strategic energy usage, adopting efficient appliances, unplugging idle devices, insulating effectively, utilizing natural lighting, and consistent heating, among others, JOSEPHINE OGUNDEJI writes.

In the vibrant neighborhood of Oshodi in Lagos, Nigeria, the Adekunle family lived in a modest yet cozy apartment. Olumide Adekunle, a skilled mechanic, and his wife, Amina, cherished their home where they have raised three wonderful children.

However, when news of the proposed 40 percent increase in electricity tariffs reached their ears, it cast a shadow over their usually cheerful household.



Nigeria Must Catch Up With The Green Revolution

GREEN or renewable energy refers to energy derived from naturally replenished sources with minimal environmental impact. These sources are considered “green” because they produce little to no greenhouse gas emissions or air pollutants when generating electricity or heat. Some common forms of green or renewable energy include, solar energy, which involves capturing sunlight using photovoltaic cells (solar panels) to convert it into electricity or using solar thermal systems to produce heat for various applications. Then there is wind energy. Wind turbines capture the kinetic energy of wind to generate electricity. Wind farms can range from small installations to large-scale utility projects Hydropower (Hydroelectric Energy) harnesses the energy of flowing water, typically through dams or river turbines, to generate electricity while geothermal energy power taps into the Earth’s natural heat by using steam or hot water from underground reservoirs to generate electricity and provide heating.



ENGIE Targets 3000 Households with Deployment of Renewable Mini-Grids Energy Systems

One of the leading providers of solar homes systems and mini-grids solutions in Nigeria, ENGIE Energy Access has announced plans to deploy renewable mini-grids energy systems.

Indeed, according to the Energy Progress Report 2022 by tracking Sustainable Development Goal (SDG), Nigeria has the lowest access to electricity globally, with about 92 million persons out of the country’s over 200 million population lacking access to power supply.

To bridge the energy supply gap in the country, ENGIE stated that it would be targeting households, businesses, schools and healthcare centres in rural communities by providing them with access to renewable energy through the construction of its mini-grids project in Niger state.



REA Approves Licensing Threshold for Mini-Grids to 5MW –CEO

REA Managing Director and Chief Executive Officer (CEO), Ahmad Salihijo Ahmad, said Nigeria’s energy transition agenda remained the driving force for the agency’s review and update of regulations for mini-grids.

Ahmad in his keynote address at the recently concluded  Nigeria Energy Leadership Summit , said the agency is ready to receive investors as it has “demonstrated the ability to scale off-grid energy programmes and projects by leveraging on public and development funding to catalyse massive investment flows that deliver value for all stakeholders.”


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