Power Sector And Other Related News Stories For Tuesday April 11th 2023

Posted by News Room April 11, 2023

AEDC Moves to Restore Power Supply in Minna – Official 

The Abuja Electricity Distribution Company says it is currently working to restore power supply to Minna and environs after windstorm damaged some of its equipment and installations. 

The News Agency of Nigeria reports that there was a heavy windstorm on Sunday night before the heavy downpour. 

This is contained in a statement issued on Sunday in Minna by Alhaji Adamu Muhammed, the Regional Public Relations Officer, AEDC Niger Region. 

The statement, tagged “Public Announcement on Power Interruption”, said: “The management of Abuja Electricity Distribution Company, AEDC, Niger Region, wishes to inform its esteemed customers that there will be power supply interruption in Minna the state capital and its environs. 


Existing Power Equipment Have Capacity to Deliver Up to 17000MW 

As Nigeria’s electricity supply continues to hobble around 4,500 megawatts (MW), with many Nigerians complaining about poor or lack of power supply, the Transmission Company of Nigeria (TCN) has stated that the existing grid equipment in the country have the capacity to generate and supply between 16,000 and 17,000 MW. Market Operator, TCN, Mr. Edmund Eje, disclosed this during an exclusive chat with THISDAY. 

Eje said the perennial under-capacity delivery by the power operators was due to the low demand for energy by the populace. 



NASENI’s $325.8m Plant Targets Stable, Cheaper Electricity 

The days of relying solely on electricity from the erratic national grid by Nigerians appeared numbered with the recent commissioning of a $325,860,690 Solar Cells Production Plant in Gora, Nasarawa State. 

The foundation laying ceremony of the ambitious project,  which is the first solar cell production factory in West Africa, was done on Friday, March 24, 2023, by Vice President Yemi Osinbajo in the sleepy North Central state to the delight of Nigerians who are banking on the project. 



Chamber of Commerce Urges Soludo to Give Details of MoU With Electricity Company 

The Onitsha Chamber of Commerce, Industry, Mines and Agriculture (ONICCIMA) has urged Governor Charles Soludo to explain details of the Memorandum of Understanding (MoU), on 24-hour power supply in Anambra State. 

Mr Soludo, on 25 March, signed an MoU between the state government and the Enugu Electricity Distribution Company (EEDC) to ensure that power supply in the state was available 24 hours a day and seven days a week. 

The chamber’s president, Kevin Obieri, called for the clarification in a statement made available to reporters on Monday. 


Africa’s Energy Sector Will Need to Transform Radically – These Are the Five Biggest Challenges 

The future of Africa’s energy sector is getting increasing attention from policymakers and the private sector. As demand for energy rises, current energy systems must grow rapidly to meet it. This must be done in reliable, resilient and affordable ways – while “staying the course” of climate compatibility and ensuring access for all. 

Internationally, the future of energy systems has been a hotly debated topic ever since the link between fossil fuel combustion and the negative impacts of climate change became widely known. Energy transitions – pathways to shift from fossil fuels to cleaner forms of energy – have long been been debated in Europe and North America. One visible outcome, among many others, is the increased use of electric vehicles 


Renewable Energy: 5m Rural Nigerians Impacted With New Connections In 3 Years 

Nigeria continues to suffer from chronic shortage of electric power. The country has an installed electricity generation capacity of around 13,700 megawatts (MW) but with just an average of 4,500MW available in 2021. This is far less than the 51,000MW that South Africa generates.  

To tackle this perennial issue, the Nigerian government has severally adopted renewable and non-off grid technologies to provide electricity access in rural areas. Daily Trust studies the impact of new renewable connections on five million Nigerians in the rural areas in the last three years, according to latest figures in the power sector.   


NGX Commends Otedola, Geregu for Corporate Governance, Power Sector Leadership 

Nigerian Exchange Limited (NGX) has commended the Chairman, Geregu Power Plc, Mr Femi Otedola, CON, and the firm’s Board for instituting best practices in corporate governance and playing a leading role in the country’s power sector. 

This was at the Closing Gong Ceremony commemorating the first Annual General Meeting of Geregu as a listed company on the Exchange. 

Since its listing on NGX, Geregu has added more than N800billion in market capitalisation to NGX as the market continues to price up its shares amid strong revenue generation and dividend yields. 



Biogas Power Plants Market to Witness Massive Growth in Years to Come 

HTF Market Intelligence published a new research publication on “Biogas Power Plants Market Insights, to 2029” with 100+ pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Biogas Power Plants market was mainly driven by the increasing R&D spending across the world.


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