Power Sector And Other Related News Stories For Thursday December 7th 2023

Posted by News Room December 7, 2023

CBN’s N122.223bn Power Intervention Projects Ready Next May

The much anticipated Central Bank of Nigeria (CBN)’s power intervention projects will be ready by May, 2024, according to Project Management Office, Transmission Company of Nigeria (TCN), Engr. Engineer Matthew Ajibade,

The N122.223 billion projects, which cut across the states of the federation, aim to resolve the transmission and distribution interface bottlenecks to improve supply to end users and unlock the unutilised generation capacity in the country.

Ajibade, who led the CBN, Nigeria Electricity Regulatory Commission (NERC), NESI and other stakeholders on tour of the projects sites in Lagos on Wednesday, noted that, manufacturing process for most of the contacts is scheduled to be completed early next year 2024 to pave way for shipment and delivery.



TCN Says 53 Power Projects Worth N122 Billion to Be Completed By May 2024

The Transmission Company of Nigeria (TCN), has said that 53 ongoing power projects worth N122 billion is to be completed by May 2024.

TCN and power distribution companies with support from the Central Bank of Nigeria (CBN) will finish up these projects that are currently being constructed across the country.

Punch reports that the projects entail the delivery of eight 150MVA power transformers, 19 1000MVA transformers, 60MVA transformers, reconductoring existing transmission lines (conductors and accessories), upgrading of the existing 132/33KV substations, and construction of 33KV line bays.



Fenchurch, NDPHC Sign 150mw Offtake Deal to Boost Power Supply in Edo, Delta, Ondo

Fenchurch Power, an energy-focused firm headquartered in Nigeria, has announced the signing of a landmark 150mw offtake framework agreement with the Niger Delta Power Holding Company (NDPHC), the Benin Electricity Distribution Company (BEDC), and Faiza Utilities Ltd.

The deal is expected to boost power supply and distribution infrastructure in Ondo, Edo and Delta states, marking a significant milestone in Nigeria’s energy sector.

The agreement was signed at the NDPHC head office in Abuja by the Executive Vice Chairman of Faiza Utilities Limited, Mr. Olufemi Bakare; Managing Director/Chief Executive of NDPHC, Mr. Chiedu Ugbo and CEO of BEDC, Mr. Deolu Ijose.



Energy Transition in Nigeria: A Path to Sustainability

Climate change and local air pollution stand as pivotal drivers for global energy transition, impacting economies and ecosystems worldwide. While countries like China and India grapple with the pressing issue of local air pollution, Nigeria and other African nations also face challenges posed by environmental degradation, making the urgency of an energy transition imperative.

Nigeria’s Energy Landscape

In the context of Nigeria, where economic growth is intertwined with energy demands, addressing the dual challenge of climate change and local air pollution becomes crucial. The energy sector in Nigeria heavily relies on fossil fuels, contributing to both air pollution and carbon emissions. The nation’s journey towards sustainability involves untangling this web and embracing cleaner, more efficient energy alternatives.



EEDC Says Electricity Supply Restored to Various Parts of Anambra

The Enugu Electricity Distribution Company (EEDC), says electricity supply has been restored in various parts of Anambra.

This is contained in a statement issued by the EEDC Spokesman, Mr Emeka Ezeh, on Wednesday in Enugu.

Ezeh said that power supply was restored on Tuesday evening Dec. 5, following completion of the planned maintenance by the Transmission Company of Nigeria (TCN) at the GCM 132KV/33KV Station, which led to a few days of power outage.

According to him, currently, all affected 33KV feeders are in service, and electricity supply has been restored to customers.



PHED Laments as Rivers Community Electricity Debt Hits N31.5bn

The Port Harcourt Electricity Distribution Company, PLC., PHED, has decried that some communities in its area of operation, Cross River, Rivers, Akwa Ibom and Bayelsa States, are not complying with payment of electricity bills.

PHED also said that it is being owed by Ministries, Departments and Agencies of Governments in the area, regretting that it receives N400 million in debts monthly.

The electricity distribution company stated that power theft, vandalism and debt are among the major problems affecting its operations, noting that it is working with government to recover its debts to function optimally.


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