Power Sector And Other Related News Stories For Tuesday 22nd November 2022
How REA is increasing electricity access to underserved Nigerians through NEP
Issues relating to access to electricity have become one of the most important issues confronting the world today as concerns are raised on how to provide sufficient energy to meet the requirements of a growing world with rising living standards, according to the World Bank.
For instance, West Africa has one of the lowest rates of electricity access in the world with only about 42% of the total population and 8% of rural residents, having access to electricity, yet only three countries are on track to provide access to electricity by 2030.
Petrol, electricity subsidies hurting poor Nigerians WBank
The World Bank has said that subsidies benefit only rich households and reduce government spending on poor Nigerians.
This was contained in a statement on the bank website announcing the launch of the new Nigeria Public Finance Review report.
According to the bank, Nigeria resources had been consumed by inefficient and regressive subsidiaries on petrol, electricity and foreign exchange.
It added that the subsidies were far more than what was spent on education, health and social protection in 2021.
Key African nations set off on energy & emissions growth paths: Maguire
LITTLETON, Colo Nov 22 (Reuters) African nations made clear at last week United Nations climate summit that the region would develop its fossil fuel resources to alleviate fuel shortages, help lift local populations out of poverty and spur vital economic growth.
Africa electricity consumption growth since 2017 was second only to top power consumer Asia, according to Enerdata, and is home to several countries that are expected to see favourable demographic changes and robust economic growth this decade, including Egypt, host of the latest COP27 climate talks.
Ajao, Mafoluku communities lament week-long blackout
Residents of Ajao Estate and environs, Lagos have lamented week-long blackout in the area, a critical location near the Murtala Mohammed International Airport (MMIA), Lagos.
They also lamented that the Ikeja Electricity Distribution Company (IKEDC) is slow in resolving the issue.
The blackout was allegedly caused by vandalisation of a 33kv underground cable feeding Ajao estate, which occurred twice within a week.
Atiku promises to revive dam to generate electricity, enhance trade
The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar has promised to revive Dadin Kowa Dam to generate light for the country when elected in the forthcoming election.
Speaking at the PDP Presidential campaign rally in Gombe on Monday, November 21, 2022, Atiku said all the roads linking Gombe to Adamawa, Borno, Bauchi, and Yobe will be reconstructed for the purpose of enhancing trade and commerce under his government.
TCN to deploy software to check grid collapse
Transmission Company of Nigeria (TCN) says it will acquire a Supervisory Control and Data Acquisition (SCADA) to check frequent grid collapse and energy rejection by Distribution Companies (DISCOs).
Mr Ekere Nsima, the Chairman, Governing Board of TCN, said this during a visit by the board to its warehouse and some substations on Monday in Lagos.
The News Agency of Nigeria (NAN) reports that SCADA system is a software used to monitor and control an electrical grid system based on information collected from substations within the system.
PNE to Invest ‚£1.6bn to Grow Green Power Generation
PNE AG, a German renewable energy firm with a concentration on wind power, intends to invest around ‚£1.6 billion by 2027 to increase the capacity of its green energy portfolio.
Through a significant development of onshore wind and solar energy, the company hopes to raise its electricity generation capacity to 1,500 MW/MWp by then from 283 MW at the end of September.
PNE solar power plants are located in Italy and Spain, but its onshore wind investments are concentrated in Germany, France, and Poland markets. Both personal cash and external project financing will be included in the projected assets.
Tinda Cash to Produce Electricity Via solar and Biomass in IgniÃ©
The building of the IgniÃ© 2021, 2046 hybrid and scalable solar and biomass electrification project has recently received approval from the government of the Republic of Congo. The Congolese subsidiary of the Tinda Cash Group has a BOOT (build, own, operate, transfer) agreement with the two power plants. The two plants will be situated in the Pool department of the IgniÃ© special economic zone (SEZ), enhancing its level of energy independence.
The first facility will be a hybrid solar power facility with a 55 MW capacity. With a 10 MW installed capacity, the second plant will use domestic garbage to produce power. The project will assist the IgniÃ© SEZ in minimizing pollutants and carbon emissions and enhancing the electricity supply.
EDF, ZeroWaste Progressive Green Hydrogen Project in Egypt
EDF and Zero waste signed a framework agreement with an organization in Egypt to build a facility in the Suez Canal Zone to produce 80,000 tonnes of green hydrogen and derivatives annually by 2030.
During the COP27 meeting in Sharm El-Sheikh, the agreement was signed with Egypt Ministry of Electricity, the General Authority for Suez Canal Economic Zone (SCZONE), and the Infrastructure and Utilities Sub Fund of The Sovereign Fund of Egypt (TSFE), EDF reported on Friday.
The two are preparing to construct a 700 MW electrolysis facility that uses 2 GW of solar and wind energy to produce green hydrogen and ammonia. The project will be carried out in stages, aiming to produce 80,000 tonnes of green hydrogen by 2030.