Power Sector And Other Related News Stories for Thursday August 17th 2023

Posted by News Room August 17, 2023

Mr President, Fight For Power

Q: It is important for the National Assembly to be a partner in progress with the executive and come to terms with the realization that the cost of electricity isn’t cheap anywhere in the world

During the course of your campaign, you made reference to many changes that would happen if elected the President of this great country. One among many that caught my attention was the bold statement on the fuel subsidy, in which you assured the business community in Lagos sometime in December 2022, that irrespective of the resistance from all quarters, your government would remove it. In your words ’No matter how long you protest, we are going to remove subsidy’. Mr President, while some questioned the audacity, a whole lot of others like us saw the willing ability and zeal to change the course of events at all costs. It was therefore not surprising when the same was effected immediately after the swearing-in ceremony.



SMEs Adopt Solar as Power Supply Woes Persist

In this report, SAMI OLATUNJI writes on how small and medium enterprises in rural areas are leveraging solar power, as the country continues to struggle with power supply challenges

Electricity access is essential for everyone. It is critical for lives and livelihoods, from using fridges for storing food items and medicine, charging phones, lighting up households and schools, and to powering local businesses. Yet about 92 million people out of the country’s 200 million population lack access to power, the majority in rural areas.

Those with access often rely on polluting, unreliable, and costly diesel-powered generators. Small businesses, especially those in rural areas, are turning their attention to solar power.



Prof Sambo Advocates Enactment of Electricity Law in Kano

The former Director General of the Energy Commission of Nigeria (ECN) Prof. Abubakar Sani Sambo has advocated for the enactment of electricity law in Kano.

KANO FOCUS reports that Prof. Sambo made the appeal on Wednesday at a roundtable with academia, industry and other stakeholders with a theme “Refocusing Academic Research Towards Alternative Clean Energy: Panacea to Paucity of Energy in the Nigeria Telecom Sector” organised by Nigeria Communication Commission held in Kano.



We Are Working Towards Modern Energy Sourcing – NCC

The Executive Vice Chairman of the commission, Prof. Umar Danbatta, disclosed this in a speech at a roundtable with the academia, industry chiefs and other stakeholders in Kano on Wednesday.

The theme of the event is “Refocusing academic research toward Alternative Clean Energy: Panacea to paucity of energy in the telecommunications industry”.

Danbatta said that the framework would serve as a guide for telecom service providers to adopt clean and sustainable energy sources, reducing their carbon footprints and contributing to greener future.



As Power Generation Falls, EU Allowances Prove Resilient-EU

Declining European Union power generation and reduced industrial sector demand reflect macro challenges this year. EU carbon allowances dropped but ultimately proved resilient despite declining power output and demand this year.

Power generation in the EU fell 5.8% between January and July compared to the same period last year. Gas-fired electricity dropped 18% in the first seven months of the year, while hard coal-fired power fell 24% YoY. The only power generation to gain thus far this year were renewables at 6.7% YoY growth.



Abu Dhabi Announces its First Geothermal Energy Mining Project

Abu Dhabi National Oil Co. (ADNOC) and National Central Cooling Company PJSC (Tabreed) have announced a successful tapping of geothermal energy in the Gulf region’s first project. This followed the conclusion of testing two geothermal wells at Masdar City in Abu Dhabi. Currently, the cooling of buildings accounts for most of the United Arab Emirates’s (UAE) electricity consumption. The project, which would decarbonise the cooling of buildings in Masdar City, was facilitated by ADNOC’s initial $15 billion allocation towards low-carbon solutions.


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