Power Sector And Other Related News Stories For Tuesday January 17th 2023

Posted by News Room January 17, 2023

Atiku, Obi outline steps to solve electricity crisis, others 

Peter Obi, presidential candidate of the Labour Party, and Atiku Abubakar of the Peoples Democratic Party, on Monday, outlined measures they plan to take to solve the country power crisis and other challenges, if elected.

Speaking at the Nigeria Economic Summit Group Presidential Dialogue on the Economy, in Lagos, Atiku said if voted into power, he would within the first year of the new administration, initiate and implement an emergency power programme that can deliver additional capacity in certain key areas.


Experts Call for Measurable Results from CBN $250m TCN/Discos Intervention 

Various stakeholders have suggested that the $250 billion intervention by the Central Bank of Nigeria (CBN) for the rehabilitation of interfaces between Nigeria transmission and distribution systems must be followed by measurable results.

The apex bank had announced the $250 million for the rehabilitation of infrastructure covering transmission and distribution to stabilise power supply in the country.


Security operatives arrest nine suspects for vandalising electricity mast in Anambra 

Anambra State Police Command, in conjunction with Vigilante groups, said they have arrested nine suspects for vandalising electricity power line mast at the New Site, Ikpo Urueze Land, Oba, Idemili South Council of the state.

The State Police Public Relations Officer (PPRO), DSP Ikenga Tochukwu, said the suspects were arrested, yesterday, following credible information received from the public.

He said that items recovered from them include: one truck containing, seven welding machines, irons, and other sophisticated equipment.


Silence Follows University of Ibadan N5.4 Billion Solar Power Project Launched in 2016 

This project which was initiated in partnership with the German Government through the Tertiary Education Trust Fund (TETFund) was aimed at getting the university off the national grid.

The University of Ibadan solar power plant, once operational, would generate 10 megawatts of renewable electricity for the institution. The power plants were expected to generate enough electricity for universities to enjoy 24 hours of uninterrupted power supply through clean and renewable energy, and the University of Ibadan Solar Power project was billed to be the pilot for the first phase of the project.


NERC Advises Discos On Need To Meet Loss Reduction Targets 

The Nigerian Electricity Regulatory Commission (NERC) has warned that persistent inability to meet loss reduction targets could prevent electricity distribution companies (Discos) from meeting their upstream market obligations and adversely affect their long-term financial positions.

In its report for the second quarter of 2022, NERC also said Discos did not meet their allowed Aggregate Technical, Commercial and Collection (ATC&C) loss targets as specified in the Multi-Year Tariff Order (MYTO). It explained that this meant that all the Discos did not meet their loss reduction targets, and were, therefore, unable to earn the revenue requirement upon which their approved tariffs for the period were set. It stated that ATC&C losses for the period were 44.60 per cent, comprising technical and commercial loss (21.83 per cent) and collection loss (29.13 per cent).


Power generation dips to 916MW 

At 14:00 hours on Sunday, power generation dipped to 916MW with only two out of about 24 power plants in operation, The Nation learnt.

The decline in generation was from 3,787.60MW that 17 power plants produced at 13:00 hours of the same day

The two power plants in operation were Egbin (Steam), which generated 680MW with four units and Geregu (Gas) which produced 236MW with two units.

This were contained in the document of the Independent System Operator (SO) titled: List of GenCos and their MW Load @ 14:00hrs on 15/01/2023.


Electricity bills: International, bilateral consumers owe Nigeria N4.71bn 

International and bilateral power consumers that get supply from Nigeria owe the country about N4.71bn, figures obtained on Sunday from the Nigerian Electricity Regulatory Commission showed.

It was gathered that the 10 international, bilateral and special power consumers of Nigeria failed to remit the sum within a period of six months, though efforts had been ongoing to get the debts settled.

 The NERC revealed this in its first and second quarter reports of 2022, as it named the debtors to include Odukpani-CEET, Paras-SBEE, Ajaokuta Steel, and Mainstream/Inner Galaxy.


Ncondezi Secures Land for 300 MWp Tete Solar power Plant 

Energy producer Ncondezi Energy has announced that the Mozambican government has granted it the Right to Land Use Planning (DUAT). The permission is to develop its project on a 950-hectare site in the province of Tete, located in western Mozambique. According to the company, the area granted by the Mozambican government can host a 500 MWp solar plant.

Its project has a 300 MWp capacity. This electricity will be added to the Electricidade de Mozambique, a state-owned utility (EDM). Over the following two months, Ncondezi intends to enhance its transmission method for the national energy grid of Mozambique. The electrical mix in Mozambique will become more diverse thanks to this solar farm.


PCRE Set to Fund 1.2GW Solar Project in Ireland 

A contract has been reached by Power Capital Renewable Energy (PCRE) that will offer up to‚ £240 million in equity to finance the development of a portfolio of 1.2 GW solar projects, with commissioning targeted for 2025.

A group of lenders, including the European Investment Bank and the Belgian insurance business Ethias, will offer the equity facility under the management of the Eiffel Investment Group (EIB). According to the EIB, the first payment will be , £100 million.

PCRE will use a portion of the initial disbursement to build photovoltaic (PV) parks already covered by power purchase agreements (PPAs) with Microsoft Corp. and other unnamed technology firms. Projects that received tariffs in Ireland second Renewable Electricity Support Scheme (RESS) auction will get a portion of the earnings.


Masdar Signs MoU on Green Hydrogen Supply Chain 

Abu Dhabi Energy Company, Masdar, has signed a memorandum of understanding (MoU) with four Dutch companies to study the development of a green hydrogen supply chain between Abu Dhabi and Amsterdam.

The MoU was done with the Port of Amsterdam, Sustainable aviation fuels (SAF) from AkyNRG, Evos Amsterdam and Zenith Energy, which operate terminals at the port.

The Netherlands is keen on developing green hydrogen corridors with major future exporting countries like the UAE. Our country is well positioned to become a hydrogen hub for the Northwestern European market, said Netherlands foreign minister Wopke Hoekstra.


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