Power Sector And Other Related News Stories For Thursday December 1st 2022

Posted by News Room December 1, 2022

FG develops trading platform for power firms, consumers 

Power generation, distribution and transmission companies, gas suppliers, consumers, among others, will conduct electricity transactions through an automated energy trading platform in 2023, the Federal Government has said. 

The government said the platform would facilitate an automated and transparent marketplace and would serve as a system for the consummation of bilateral contracts for energy using standard template contracts. 

Managing Director, Nigerian Bulk Electricity Trading Plc, Nnaemeka Ewelukwa, disclosed this in a presentation titled, ‘Actualising Enhanced Electricity Supply and Commercial/Industrial Decarbonisation in Nigeria.’ 


Electricity Distribution firm loses over N1.2b to vandalism, cable theft in 2022 

Eko Electricity Distribution Company says it has lost over N1.2 billion of its assets and electrical installations to vandalism alone in 2022. 

Godwin Idemudia, General Manager, Corporate Communications, said this in an interview with the News Agency of Nigeria. 

Idemudia, who spoke in Lagos on Tuesday, said this against the backdrop of frequent cases of vandalism recorded by the company on its network in spite of the campaign against it. 


Power purchase agreements raise electricity payments to N5trn –NBET 

Nigerian Bulk Electricity Trading (NBET) has said the  implementation of Power Purchase Agreements  (PPAs)  and  vesting contracts by the agency have resulted in electricity payments worth N5 trillion from February 2015 till date. 

In his presentation at the 2nd edition of Power Correspondents Association of Nigeria (PCAN) workshop in Lagos, the Managing Director of NBET, Dr. Nnaemeka Ewelukwa, also said that Azura,  the first   financed power project in Nigeria recorded an investment of close to $1 billion. 


TCN Energizes Gwarimpa GIS Transmission Substation 

The Transmission Company of Nigeria, TCN has energized the brand new 2X60MVA, 132/33kV Gas Insulated Substation (GIS) at Gwarinpa, Abuja on Sunday, 27th November, 2022.  

Ndidi Mbah, the General Manager Public Affairs, who made this known in a statement, noted that the 132kV transmission substation is one of the five substation projects comprising the Abuja Ring Projects, funded by Agence Francais de Development (AFD). The substation which has six (6) feeders through which bulk electricity is transmitted to Abuja Electricity Distribution Company’s (AEDCs) load centers, receives bulk supply from the Katampe 132kV Transmission line. With the connection of the substation to the transmission network, TCN has added over 98 megawatts to the national grid.  


FG inaugurates committee on renewable energy statistics 

The Federal Government of Nigeria has inaugurated the National Consultative Committee on Renewable Energy statistics. 

This was announced on Tuesday by the Minister of Science, Technology and Innovation, Dr Adeleke Mamora at the opening ceremony of the National Energy Statistics workshop in Abuja. 

According to him, the inauguration is critical to reliable data on renewable energy. 

He said, “The constitution and inauguration of the Consultative Committee is a necessary and critical instrument in having reliable data for planning and research purposes, particularly now that climate mitigation hinges mostly on the transition. 


KfW and AFD Provide €600 Million for SA’s Energy Transition 

South Africa currently benefits from the Just Energy Transition Partnership (JETP), especially with France and Germany supporting  South Africa with €600 million for the energy transition.The agreement was signed on the sidelines of COP27. The JETP was launched at COP26 in Glasgow, Scotland, in 2021. 

The funding is being provided by the French Development Agency (AFD) and Kreditanstalt für Wiederaufbau (KfW), the German development agency. “This first public policy loan from France to South Africa is accompanied by €1.5 million in grant support, which will help finance local research on the social impacts of the transition, possible options for converting coal-fired power plants, the potential for job creation and the opportunities for mobilising climate finance,” AFD said. 


South Africa to Set UP $90M Net-zero Energy Solutions Platform 

African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure-focused private equity fund managers, will provide the initial equity of up to $90 million to establish a new renewable energy platform to deliver net-zero energy solutions for South Africa.  

The renewable energy platform NOA Group Holdings (Pty) Ltd is a vertically integrated energy platform that will provide net-zero oriented renewable energy solutions to customers in the commercial and industrial sectors of the economy.  


Mozambique Releases Notice for Two 60 MW Solar PV Plants 

The Mozambican Ministry of Mineral Resources and Energy is publishing a notice of pre-qualification of Independent Power Producers (IPP) for two solar photovoltaic facilities with a combined capacity of 60 MW under the Renewable Energy Auction Programme (Proler). 

In the western Mozambican province of Tete, in the town of Manje, a 30 MW solar power facility will be constructed. The second 30 MW solar power plant will be built in Chimbunila, in the Niassa province’s northwest. 

Shortlisted IPPs will then have the opportunity to submit a proposal for the pre-qualification notice, according to the Energy Regulatory Authority (ARENE). IPPs interested in these solar projects must submit their applications by January 17, 2023. 


Solar-Powered Weather Radar Network to be Installed in Ethiopia 

First of four C-band weather radars to be installed in Ethiopia, a newly announced solar-powered weather radar also includes a backup battery system. This guarantees the weather radar’s continuous uptime, assisting authorities in maintaining reliable operations. Even without solar radiation, the power system can keep the weather radar running for up to four days. 


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