Power Sector And Other Related News Stories For Tuesday March 21st 2023

Posted by News Room March 21, 2023

N1trn Debt Payment, Gas Supply, Others Top Gencos’ Agenda for Incoming Govt 

Power Generation Companies (Gencos) have listed some issues affecting operators and investors in the Nigerian Electricity Supply Industry (NESI), which they want the next president to pay priority attention to. 

Executive Secretary of the Association of Power Generation Companies (APGC), Dr Joy Ogaji, in an exclusive chat with THISDAY, said the next administration should clear the Gencos’ N1 trillion outstanding debt, which they are being owed for years. 


Transcorp MD Tasks Next Administration To Upgrade Electricity Production, Distribution 

The Managing Director/ Chief Executive Officer (CEO), of Transcorp Power ltd, Christopher Ezeafulukwe has called for a conscious and disciplined investment by the next administration at the Federal level in ensuring the challenges bewildering the power sector are mitigated. 

Mr Ezeafulukwe who stated this while addressing journalists at the company’s plant at Ughelli after the visit of the Army War College of Nigeria on their environmental study tour themed ” Protection it Critical National Asset and Infrastructure for National Defense”,  



Accessing the Performance of Nigeria’s On-Grid Power Sector 

Since the Nigerian Power sector privatisation in 2013, the different stakeholders have carried on their duties in the sector as enshrined in the provisions of the Electric Power Sector Reform Act (EPSRA) 2005. Major players in the on-grid Nigerian Electricity Supply Industry (NESI) include generation, transmission, distribution, and regulation. Generation Companies (GenCos) across the country are responsible for producing electricity. 

The Transmission Company of Nigeria (TCN) handles wheeling the electricity to the Distribution Companies (DisCos) and international customers. The Distribution Companies (DisCos) retail electricity to local end-user consumers. The power of regulating the NESI rests with the Nigerian Electricity Regulatory Company (NERC), also called “the Commission”. 


Rivers Community Gets Electricity Years After 

Port Harcourt Electricity Distribution Company (PHED) has restored electricity to Komkom community in the Oyigbo Council of Rivers State, after two years of outage.PHED commissioned the rehabilitated Komkom 33 KVA Feeder Station, yesterday, power the community and neighbouring communities.  

The Guardian gathered that the sub-station is capable of supplying electricity from the Afam Power Station to Komkom and Umuebule in Etche Council. 


Renewable Energy Certificates Market Size, Strategies, Competitive landscape, Trends & Factor Analysis 2023-2032 | Central Electricity Regulatory Commission (CERC), Environment Protection Agency (EPA) 

Quince Market Insights latest research report, titled “Renewable Energy Certificates Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2032,” provides a thorough analysis of the market dynamics, segmentation, growth opportunities, trends, and competitive landscape to comprehend the present and foreseeable market conditions. The research offers a variety of market forecasts that take into account aspects like revenue size, production, CAGR, consumption, growth opportunities, industry trends and technologies, and other essential components. https://www.digitaljournal.com/pr/news/renewable-energy-certificates-market-size-strategies-competitive-landscape-trends-factor-analysis-2023-2032-central-electricity-regulatory-commission-cerc-environment-protection-agency-epa-#ixzz7wa66T5Pa

Global Energy Use and Emissions Hubs Set to Shift by 2050: Maguire 

LITTLETON, Colorado, March 20 (Reuters) – The Indian subcontinent, Southeast Asia and Sub-Saharan Africa will overtake China, North America and Europe as the key drivers of world energy use through 2050, with implications for global emissions potential and accountability. 

China, the United States and Europe have been the main sources of economic growth and pollution for the past century, accounting for over half of all historic carbon dioxide (CO2) emissions and energy use, but also the majority of spending on renewable energy and emissions abatement. 


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