Power Sector And Other Related News Stories For Thursday September 7th 2023
Adelabu Should Avoid Past Errors
AMID the country’s dire energy crisis, stakeholders are fixing attention on the new Minister of Power, Adebayo Adelabu, and on his promise to transform the power sector via a seven-year programme the government says it is minting. The power industry requires urgent surgical action to revive the patchy generation, transmission and distribution systems which previous administrations failed to fix. President Bola Tinubu and Adelabu should take the necessary, bold and creative measures, avoid past mistakes, and chart a new course for the economy.
NERC Hikes Electricity Meter Price By 40%
The Nigerian Electricity Regulatory Commission, NERC, has raised the cost of electricity meters payable through the meter assets programme, MAP.
The Commission, in an order issued on Tuesday, increased the price of single phase meters by N23,313.47 or 39.74 percent from N58,661.69 to N81,975.16.
The price for three phase meters was also raised by N34,151.74 or 31.13 percent from N109,684.36 to N143,836.10.
NERC in the order signed by its Chairman, Engr. Sanusi Garba and the Commissioner, Legal, Licensing & Compliance, Dafe Akpeneye explained that “significant changes in macroeconomic indicators, such as inflation and changes in the foreign exchange rates have necessitated a review of the regulated rates for MAP meters”.
REA Powering Thousands, Shows Off-Grid Energy Potential
The Rural Electrification Agency (REA) says it has deployed 103 mini-grids across Nigeria to power over 230,000 households under a World Bank-sponsored project, indicating the potential of renewable energy to improve access to electricity for Nigerians.
Through a Performance-Based Grant (PBG) subcomponent of the Nigeria Electrification Project (NEP), funded by the World Bank, the agency has recorded success in enhancing electricity access for households, micro, small, and medium enterprises (MSMEs), as well as public facilities in rural and underserved regions of Nigeria.
FG Reaffirms Why Power Grid Is Stable
The Federal Government has stated that the Nigerian power grid operated without any major disruption or system collapse for over 400 consecutive days due to strategic measures and investments in the power system by Transmission Company of Nigeria (TCN) to sustain it.
It said the milestone signified a remarkable advancement in the nation’s efforts at strengthening its power infrastructure and ensuring a reliable and dependable electricity supply to distribution load centres for onward distribution to electricity customers nationwide.
SkipperSeil Limited to Invest $1.6 Billion in Power Generation in Northern Nigeria
SkipperSeil Limited, an Indian-based substation equipment manufacturing company forward integrated to Power Transmission, Distribution, and Generation in over 50 countries has pledged to invest $1.6 billion in power generation in Northern Nigeria following President Tinubu’s meeting with investors on Wednesday, September 6, 2023.
This is according to the Tinubu Media Center via its Twitter handle. The statement read thus:
- “The Founding President of SkipperSeil Limited, Mr. Jitender Sachdeva announced that, following President Bola Tinubu’s personal intervention, he is investing $1.6 billion U.S. dollars in the establishment of twenty 100MW power generation plants across the states of Northern Nigeria, amounting to 2,000MW of new power within the next four years.”
As Africa Climate Summit Promotes Solar, Off-Grid Power Ramps Up Below The Sahara
A walk through the busy business district of Mombasa Road in Nairobi, or even a rural community in Kisii County, Kenya, highlights something that’s getting attention at the African Climate Summit in Nairobi this week — solar power that is not connected to the grid.
With or without the encouragement of government policy, families and businesses are choosing off-grid solar in the face of an unreliable grid. According to the World Bank, the number of so-called minigrids, meaning solar systems that support a cluster of homes or businesses, has grown from 500 in Africa in 2000 to 3,000 today.