Power Sector And Other Related News Stories For Thursday March 21st 2024
AEDC, Niger Govt Collaborate To Boost Power Supply
The Abuja Electricity Distribution Company (AEDC) is collaborating with the state government on a ‘Light Up Niger’ project, to improve power supply to the residents of the state.
The project, initiated by Niger State governor, Mohammed Bago is also designed to address the challenge of metering in the state.
According to Bago, ensuring adequate power supply is critical to development in the state, “especially as the state is moving into an industrialisation and processing zone.”
“The initiative is a welcome development because Niger State is host to four hydro dams and the dams contribute about 60 percent electricity in Nigeria.”
https://leadership.ng/aedc-niger-govt-collaborate-to-boost-power-supply/
Niger Domesticates Electricity Act, Creates Electricity Regulatory Commission
Niger State government yesterday, announced that it has domesticated the Electricity Act leading to the creation of an Electricity Regulatory Commission.
This comes just as the Abuja Electricity Distribution Company (AEDC) and the Niger State Government also disclosed that they have initiated a special project aimed at improving electricity supply to residents and businesses in the northern state.
Governor Umaru Bago, who disclosed this in Minna, during a meeting with the Abuja Electricity Distribution Agency Mr. Chijioke Okwuokenye at the Government House, Minna, said the necessary documentations for the Regulatory Commission would soon be completed for it to start generating and distributing its own power in the state.
Electricity Subsidy Removal Calls Intensify Amid Rising Industry Debts
There are concerns among Nigerians that further increases in electricity tariffs could worsen their economic situation, although the government and operators have consistently called for cost-reflective tariffs, write DARE OLAWIN
As it happened with fuel subsidy, the government and major players in the power sector have all agreed on the need to allow customers to pay for the electricity they consume. To them, electricity is no more a service, but a commodity that must be fully paid for by whoever is ready to buy it. While those in the government have been clamouring for an end to the electricity subsidy regime because it was no longer sustainable, investors in the supply chain want a fully deregulated power sector, saying lack of liquidity is ‘killing’ the industry.
https://punchng.com/electricity-subsidy-removal-calls-intensify-amid-rising-industry-debts/
FG Will Close Metering Gap, Address Illiquidity in Power Sector
The federal government yesterday pledged to close Nigeria’s power sector metering gap as well as address the financial liquidity challenges besetting it.
The Special Adviser on Energy to President Bola Tinubu, Olu Verheijen, gave the assurance during a session at the 2024 edition of CERAWeek by S&P Global holding in Houston, the United States.
The session with themed: “Energising Tomorrow: Charting a Successful Path for Africa’s Energy Transition,” and was moderated by the Research and Analysis Executive Director, S&P Global, Paul McConnell.
EKEDC Commissions First 2 X 20 MVA Randle Injection Substation
Eko Electricity Distribution Company (EKEDC), Nigeria’s utility company has commissioned a 2 X 20 MVA injection substation located off Randle Avenue, Surulere on Saturday, March 16, 2024.
This is in furtherance of the Company’s commitment to improving power supply across its franchise area.
The project came on the back of the need to balance and distribute power effectively and efficiently to the people of Surulere and its environs.
The substation which is the first of its kind in Nigeria with a 20 MVA rating will bring relief to other substations around Surulere and will in turn improve the power supply in the area.
https://independent.ng/ekedc-commissions-first-2-x-20-mva-randle-injection-substation/
