Power Sector And Other Related News Stories For Thursday 16th February 2023

Posted by News Room February 16, 2023

FEC Approves $53.1m For Electricity Conductors To Boost Power Supply 

WorldStage Newsonline– Nigeria’s Federal Executive Council (FEC) has approved 53.1 million dollars and N2.1billion as local component for the procurement and installation of electricity conductors to boost power supply across the country. 

Minister of Power, Abubakar Aliyu when he briefed State House correspondents on the outcome of the Council meeting, presided over by President Muhammadu Buhari on Wednesday in Abuja said the conductors when installed, would help address the challenge of constant tripping of circuit breakers due to overloading of electricity lines. 


Ikeja Electric Takes Valentine To Down Syndrome Foundation Nigeria, Donates Consumables 

Leading Electricity Distribution Company, Ikeja Electric Plc (IE) visited the Down Syndrome Foundation Nigeria in Alamutu area, Fagba, Lagos to celebrate the 2023 Valentine Day with the training centre for children and adult with down syndrome. 

The Chief Executive Officer Ikeja Electric, Folake Soetan said the company is passionate and deliberate about impacting the environment where she operates through various interventions under the company’s Personal Corporate Social responsibility (P-CSR) initiatives. 


New Technologies Available To Solve Africa’s Energy Crisis 

The average electricity consumption in the largest African countries is less than one-tenth of what is consumed in large countries, such as China or Brazil. Meanwhile, most residents of Sub-Saharan Africa are living in the dark without any access to electricity. This burgeoning power gap continues to hamper Africa’s economic growth as the lack of affordable energy staves off new ventures and investments. Further, those who do opt to conduct business in the region are plagued with the high costs of generating their own electricity or operating in-house generators. These solutions cost them up to 6 times more than what people are paying for electricity around the world. 


The South African Towns Where Electricity Supply Is Privatised 

It’s hard to imagine – four small rural towns in South Africa where the electricity grid is in “very good condition”. 

Achieving this has seen the municipality they fall under invest an average of around R11 million to upgrade the network every year for the last 11 years (a total of R120 million). Tariff increases have been below those allowed by Nersa. Its Eskom bill is up to date. And this is not in the Western Cape. 


Manx Utilities’ Wind And Solar Power Plans Get Government Approval 

Plans to generate about 75% of the Isle of Man’s electricity through solar and on-shore wind projects have been backed by the Council of Ministers. 

Manx Utilities (MU) will look to install solar panels on public car parks and government buildings. 

Wind turbines could also be built on public land to create 30MW of electricity by 2026. 

Chief Minister Alfred Cannan said MU would be expected to find funding for the project. 

He said he expected the private sector to provide some of the infrastructure, enabling government-owned MU to “take the electricity and distribute it”. 


3 Alarming Threats To The U.S. Energy Grid – Cyber, Physical, And Existential Events 

Protecting critical infrastructure, and especially the U.S. Energy Grid is certainly a topic that keeps the U.S. Department of Homeland Security (DHS), The U.S. Department of Energy (DOE), The U.S. Department of Defense (DOD), and U.S. intelligence community planners up at night. The threats can be from cybersecurity attacks (by countries, criminal gangs, or hacktivists), from physical attacks by terrorists (domestic or foreign) and vandals on utilities or power plants, or from an Electronic Magnetic Pulse (EMP) generated from a geomagnetic solar flare, or from a terrorist short range missile exploded in the atmosphere. 



Ghana Grid Company (GRIDCo) to Earn Revenue from Export of Energy for the First Time since 1983 

The Ghana Grid Company (GRIDCo) has announced that it is set to earn revenue for the first time since 1983, thanks to the export of power to neighbouring countries such as Togo, Benin, Cote d’Ivoire and Burkina Faso. 

This has come as a relief to the company, which has been struggling with late payments from its clients, including the Electricity Company of Ghana (ECG), Northern Electricity Distribution Company (NEDCo), and the mining industry. 


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