Power Sector And Other Related News Stories For Tuesday July 25th 2023

Posted by News Room July 25, 2023

DisCos to Upgrade Customers to STS Rollover Before Year End

Electricity distribution companies (DisCos) in Nigeria’s commercial capital, Lagos are expected to upgrade customer meters to the new Standard Transfer Specification (STS),

The scheme aims to upgrade meters to start in August and should be completed before November 24.

The STS is/ a metering code, to be introduced soon and is not targeted toward increasing electricity tariffs, it functions as software of an international standard, that operates as a secure message system for carrying information between a point of sale (PoS) and a meter.



Two Firms to Supply Ikeja Electric Customized Electricity Cables

Ikeja Electric Plc has signed a  Memorandum of Understanding (MoU) with two renowned Original Equipment Manufacturers (OEMs), Kabelmetal Nigeria Plc and Nigerchin Limited, for the supply of customized electricity cables for its network.

The MoU will ensure that quality materials are provided to the company in its franchise state to allow for the effective distribution of electricity.

Speaking during the formal sign-off at the company’s corporate headquarters in Ikeja, Lagos, the chief executive of Ikeja Electric, Mrs Folake Soetan, expressed her excitement over the efforts of the companies in realising this laudable feat, saying that it was a step in the right direction.



Nigerian Electricity Regulatory Commission Introduces New Review Policy for Transmission Company

The Nigerian Electricity Regulatory Commission (NERC) has announced that it will review all capital expenditure by the Transmission Company of Nigeria (TCN) above N5 billion and any revisions of existing contract sum above 15 percent. The NERC has instructed the TCN to submit a proposed annual investment plan and revenue requirements/budgets/estimates by 31 October of the preceding financial year for review and approval.



Power Sector Content Development Policy: NMMP Phase 11 Skewed Implementation

The Nigerian Oil and Gas Industry Content Development, NOGICD, Act is one of the few laws made by the Federal Government that has produced credible results and is being copied by African nations.

A few days ago the Republic of Equatorial Guinea entered into discussions with Nigeria regarding new partnership opportunities such as the establishment of a joint logistics base, deployment of indigenous capacities across countries, and lowering the costs of major oil and gas operations.



Fixing the energy sector (2)

The power sector reforms are paying off and the position of ECG in the market is the one main reform waiting to be accomplished.

Once that is done and this country starts “going places”, investors will show interest. I cannot end this piece without commenting on the Petroleum Connection to all of this.

Understandably, Ghanaians expect the discovery and production of oil and gas to translate into a better electricity supply.



AI, emerging technologies, best approach to reliable power delivery, says Prof Momoh

Director, Center for Energy Systems and Control, Howard University, Prof James Momoh, Monday, disclosed how Artificial Intelligence and other emerging technologies can enhance reliable power delivery in Nigeria.

This was in view of the challenges of smart grid development, resource utilization, balancing of available supply with demand, environmental protection as well as control of electricity network.

According to him, these approaches will empower the present grid to be more reliable, sustainable, cost effective, customer eccentric as well as ensuring that carbon detoxification is achieved.





We use cookies to enhance your experience on our website. By continuing to browse our site,
you consent to our use of cookies.