Power Sector And Other Related News Stories For Thursday April 20th 2023

Posted by News Room April 20, 2023

Sustainable Power: Lagos Govt Ready to Partner With Discos, Investors 

Lagos State Governor, Mr. Babajide Sanwo-Olu, has expressed his administration’s readiness to partner with would-be investors and distribution companies (DisCos) on sustainable power in the State. 

He said his administration will continue to collaborate with investors to improve power generation, transmission and distribution in the State, ensuring that quality power supply is provided for Lagos residents. 

Governor Sanwo-Olu spoke on Wednesday during a courtesy visit by the Board of Eko Electricity Distribution Company (EKEDC) and its investor group, WPG, at Lagos House, Marina. The team was led by the Chairman, Board of EKEDC, Mr. Dere Otubu. 


IBEDC Decries N130m Monthly Revenue Loss to Illicit Meters 

The Ibadan Electricity Distribution Company has decried the monthly loss of over N130 million revenue due to the use of “illicit meters” by some electricity consumers. 

Mr Oluwatoyin Akinyosoye, IBEDC Regional Manager for Osun, condemned the practice at a stakeholders’ townhall meeting on Wednesday in Osogbo. 

Akinyosoye said the townhall meeting was organised to draw attention of the consuming public to those who engage in the sabotage of its operations. 


Power Crisis Defies New Solutions Amid Infrastructure Failure 

Despite the Nigerian Electricity Regulatory Commission’s promise to deliver 5,000 MW to the national grid, Nigerians have continued to complain about poor electricity supply. The power sector’s underperformance has been attributed to poor infrastructure and inadequate funding writes OPEOLUWANI AKINTAYO 

At the height of the frequent power grid collapses experienced last year, the Nigeria Electricity Regulatory Commission, promised to deliver at least 5,000MW to electricity consumers starting last July. 

However, for almost one year, NERC has not been able to fulfil its promise, as Nigerians still lament poor electricity supply. 


TCN Warns Against Illegal Connection of Electricity 

The Transmission Company of Nigeria (TCN) Kano Region, has warned electricity consumers against illegal connection. 

Rather, they should liaise with the Distribution Company (Disco) for proper connection of electricity. 

The General Manager, Kano Region, Bashir Mohammed-Gote, gave the warning while speaking with the news agency of Nigeria (NAN) on Wednesday in Kano. 

He said that illegal connection of electricity was dangerous to users as it obstructed the lines most times. 


Use Energy Productively, REA Advises Nigerians 

Rural Electrification Agency has urged Nigerians to make productive use of energy to ensure its availability both in urban and rural areas. 

The Managing Director of REA, Ahmad Salihijo, who was represented by his Special Adviser, Barbara Izilein, made this call at a high-level stakeholder event in Abuja, convened by the Nigeria Off-Grid Market Acceleration Programme, a donor-funded initiative, focused on accelerating off-grid energy access across the country. 

“By harnessing energy to drive productive activities, we can create jobs, increase incomes and improve the living standards of millions of Nigerians where these solutions are being deployed,” the REA boss stated. 


Justrite, Norwegian Firm Seal $6.5m Solar Energy Deal 

The quest of a leading one-stop retail supermarket in Nigeria, Justrite Superstore, to significantly cut down its energy costs is becoming a reality as the company has signed a solar energy deal with a Norwegian company, Empower New Energy, for the installation of solar power at 10 of its stores in the country. 

Recall that last month, the Chairman of Justrite, Mr Ayodele Patrick Aderinwale, disclosed that the company’s energy costs in 2022 significantly increased by more than 500 per cent


Russia Building Egypt’s Nuclear Power Plants 

At the last international parliamentary conference, Russia – Africa in a Multipolar World, held on March 20 under the auspices of the State Duma of the Russian Federal Assembly, Russian President Vladimir Putin indicated in his speech that the partnership between Russia and African countries has gained additional momentum and is reaching a whole new level, and further added that “Russia would continue helping African countries with electricity production, which so far covers only a quarter of the continent’s needs.” 


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