Power Sector And Other Related News Stories For Tuesday May 23rd 2023
Rivers LG Boss Institutes N5bn Suit Against PHED For Breach Of Contract
The Chairman of Emohua Local Government Area, Dr. Chidi Lloyd, has dragged the Port Harcourt Electricity Distribution Company (PHED) to court over breach of the Memorandum of Understanding (MoU) reached between Emohua Local Government Council and the PHED for the restoration of electricity in the LGA.
Hearing of the matter at the State High Court sitting in Port Harcourt was stalled due to the absence of the defendant (PHED)
Dr. Chidi Lloyd had instituted a N5,000,0000,0000 suit against the PHED for breach of contract to restore electricity in Emohua LGA after paying over N24,000,000 being the council’s part of the funds required for the restoration of electricity in the MoU entered with PHED in December 2022, for which the PHED has failed to carry out.
Transcorp’s Revolutionary Investments in Power Sector
With its audacious investments and technological innovations in Nigeria’s power sector, which began in the last 10 years, the Transcorp Group has set the stage for an enhanced energy access in the country, with expected industrialisation, poverty eradication and job creation, writes Peter Uzoho
Penultimate week was jocularly described as “Transcorp Week,” by the elated Vice President of Nigeria, Prof. Yemi Osinbajo, during his speech at the inauguration of Transafam’s 240 megawatts Afam 3-Fast Power Plant, Oyinbo, Rivers State.
Events of the said week revolved around the investments and valuable impacts made by Transcorp Corporation Plc, one of Nigeria’s leading conglomerates, through its subsidiaries in the power sector -Transcorp Power Plc and Transafam Power Plc, upon its entrance as a major player into the Nigerian power industry in 2013.
Dangote Refinery To Generate 12,000MW Electricity – Emefiele
Godwin Emefiele, the Governor of the Central Bank of Nigeria, has emphasized the transformative impact of the newly inaugurated Dangote Petroleum Refinery and Petrochemicals on Nigeria’s power generation and job opportunities.
Speaking at the inauguration ceremony held in Lagos State, Emefiele shared the remarkable benefits that the refinery will bring to the nation.
Massive Power Generation Potential for Nigeria’s Electricity Sector
Emefiele highlighted that the Dangote Refinery is expected to generate an astounding 12,000 megawatts of electricity. This significant boost in power generation will play a crucial role in addressing the energy needs of Nigeria’s electricity sector.
Two Men Bag Four Years For Vandalizing Electricity Installations in Akwa Ibom
A Magistrate’s court sitting in Eket, yesterday, sentenced two young men to four years jail term, respectively, for vandalising facilities belonging to Port Harcourt Electricity Distribution (PHED) company in Eket, Akwa Ibom State.
The convicts: Aniekan Samuel Sampson and Akaninyene Samuel, who were found guilty of vandalisation, are expected to serve their respective jail terms at Nigerian Correctional Service facility, Eket.
They had on November 3, 2021, vandalised and stolen cables identified to be XLPE Cables from the UDOFA QIC Sub-station of PHED.
Energy Firm Provides 24-hour Electricity to Yabatech
Aiming at sustainable development and quality educational outputs, a United States (US)-based manufacturer of power stations, Bluetti, has donated more than 100 solar power solutions to Yaba College of Technology (YABATECH), Lagos, to help the institution run on 24-hours electricity.
The firm, which recently launched it in Nigeria, explained that the gesture was in demonstration of its drive for sustainable development in Africa.
Speaking at the presentation ceremony that took place in the institution recently, Bluetti Brand Influencer, Joseph Tolulope Adeyemi, referenced power deficit in the country, according to the World Bank, as 85 million persons lacked access to grid electricity.
Nigeria Earning FX from Training of Other Countries in Power Sector
The Director General of the National Power Training Institute of Nigeria (NAPTIN), Ahmed Nagode, has disclosed that Nigeria now earns foreign exchange from the training of power sector manpower in other climes.
Positing that a stronger human capacity development drive could help grow the power sector in Nigeria and other African countries, Nagode noted that South Africa, Angola, Mozambique, Ghana, Liberia and others have gained from Nigeria’s wealth of experience.
Speaking in Abuja at the first Alumni seminar of the institute tagged: “Unlocking Power Sector Potential,” Nagode also advised the incoming administration to consolidate projects and scout for new investors.