Power Sector And Other Related News Stories For Tuesday February 28th 2023

Posted by News Room February 28, 2023

AEDC Engineers Working to Restore power to Baze University, Environs Management 

THE Abuja Electricity Distribution Company (AEDC) says it’s engineers are currently working  to restore power to Baze University and environs.

This is contained in a statement issed by the AEDC management in Abuja on Monday.

The power outage the area is currently experiencing is due to a technical fault on the feeder serving the areas.

The company wishes to notify its esteemed customers in (Abuja) Baze University, Body of Benchers, Citec Estate, EFAB Global Estate, Hall 7 Estate, Nizamiya hospital, Nile University, Pouch Estate II, III and IV and environs that the power outage they are currently experiencing is due to a technical fault on the feeder serving their areas.



PHED Set to Link Rivers Community to DisCos Network 

In an effort to boost the economy of the area, hope is now rising for the Kom-Kom Community in Oyigbo Local Government Area of Rivers State as the Port Harcourt Electricity Distribution (PHED) Plc is set to reconnect the community on her network after more than two years of the community being removed from the DisCos network.

This development was announced at a joint meeting of the electricity distribution company and the representatives of Kom-Kom communities from Ndoki, Oyigbo Urban, Kom-Kom, Asa and other communities in Oyigbo at the headquarters of the company in Port Harcourt, the Rivers State capital.



In Pakistan, DisCo will not Be Privatized 

The committee, chaired by Sardar Mehmood Khan Mazari, was further informed that recovery of those feeders with losses will be outsourced alone.

Minister for Power, Khurram Dastgir said that it was imperative to eradicate power pilferage in order to reduce power tariffs. “All big consumers will be switched to the Advanced Metering Infrastructure (AMI) System by June, he added.



Addressing Mixed Messages on Climate Crises and Energy Transition 

Today, the global consensus is that the world is in a climate crisis. Consequently, the world needs to transition from fossil fuels to renewable energy sources. Burning of fossil fuels has been confirmed to have largely contributed to global warming and climate change. The world agreed and pledged that emission from fossil fuels had to be reduced and that renewable and clean energy resources shall be promoted as replacement.



UNECA Urges Africa to Explore Renewable Energy Sources for Sustainable Industrialization 

The United Nations Economic Commission for Africa (UNECA) said African countries needed to shift to renewable energy sources to promote sustainable industrialisation.

Acting Executive Secretary, Mr Antonio Pedro, said this during a panel discussion in Niamey, Niger.

The discussion was jointly organised by UNECA and Afreximbank ahead of the Ninth Africa Regional Forum on Sustainable Development on Feb. 28, 2023.

The panel discussion is titled: Building a regional battery mineral value chain in Africa.



Energy Institute Becomes Home To World Energy Data Jewel 

The Energy Institute (EI) is to become the new home to The Statistical Review of World Energy, it was announced today, as the International Energy Week opened in London.

Published for more than seventy years by bp, the annual publication is considered the most comprehensive, objective and timely collection and analysis of global energy production, consumption and emission data.

It has been published by bp since 1952. From this year onwards it will continue as The Energy Institute Statistical Review of World Energy



Brookfield Seeks $20 Billion for Next Energy Transition Fund 

Brookfield Asset Management Ltd. aims to raise about $20 billion for its second fund dedicated to investing in the global transition to clean energy from fossil fuels, according to people familiar with the matter.

Fundraising is expected to start by midyear, said the people, who asked not to be identified because the plans are confidential, and the firm may eventually gather as much as $25 billion for the pool depending on investor demand. A representative for the Toronto-based firm declined to comment.


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