Power Sector And Other Related News Stories For Tuesday May 9th 2023
Osinbajo: Private Sector Involvement Necessary for Nigeria to Achieve Power Sufficiency
Vice-President Yemi Osinbajo on Monday reviewed the current power situation in the country and concluded that serious private sector participation is the only viable approach to solving Nigeria’s serious power crisis.
This is just as Transcorp Power Plc was delisted from the routine evaluation and monitoring of the Bureau of Public Enterprises (BPE), marking a major achievement for the company.
The delisting ceremony, which took place at the vice-president’s office at the State House, Abuja, means Transcorp Power Plc had fulfilled the provisions in the Post-Acquisition Plan (PAP) by the BPE and will no longer be subject to any post-privatisation supervision.
Ilorin Community Residents Protest 3 Years Blackout
Residents of Alagbado community in Ilorin, the Kwara state capital have staged a protest to the office of the Ibadan Electricity Distribution Compqny over persistent blackout in their areas.
They claimed that they have been in blackout for about three years with the electricity distribution company doing virtually nothing to help their situation.
They said this has brought untold hardship to their community.
No official of the Ibadan Electricity Distribution Company attended to them but officials of the Nigeria Security and Civil Defence Corps mediated and promised to facilitate a meeting between them.
TCN Improves Power Transmission Through Kano Region
The Transmission Company of Nigeria (TCN) has made undeniable efforts in achieving improved bulk power transmission to the distribution load centers within its Kano Region through continued and sustained project implementation.The projects are both greenfield and brownfield in nature and are at different stages of completion, in line with the Nigerian Electricity Grid Maintenance, Expansion and Rehabilitation Programme (NEGMERP) of the present Management.
Why We Implemented Five-Year Monitoring Exercise in Power Sector – BPE
The Bureau of Public Enterprises (BPE) has revealed why it implemented a five-year monitoring exercise on privatised enterprises in the Nigerian power sector.
The Director-General of BPE, Alex Okoh, made this known during the presentation of a certificate of discharge to Transcorp Power Limited in Abuja on Monday.
Transcorp Power Plc, having fulfilled all the deliverables, and satisfying the requirements of the post-acquisition plan (PAP) compliance, got delisted from routine evaluation and monitoring exercises.
Finally, FG Issues Elumelu’s Transcorp Power Discharge Certificate for 972mw Power Plant in Delta
The federal government has formally presented the post-privatisation Discharge Certificate to Transcorp Power Limited, the owner of the 972 megawatts (MW) thermal power generation plant located in Ughelli, Delta State.
This was just as the Vice President, Prof. Yemi Osinbajo, yesterday, reviewed the current power situation in the country and concluded that serious private sector participation was the only viable approach to solving Nigeria’s serious power crisis.
Transcorp Power was delisted from the routine evaluation and monitoring of the Bureau of Public Enterprises (BPE), marking a major achievement for the company.
Decentralising The Electricity Sector – Issues Arising From The Fifth Amendment to The Constitution
In March 2023, the President of the Federal Republic of Nigeria signed 16 constitutional amendment bills into law, including “the Constitution of the Federal Republic of Nigeria (Fifth Alteration) Bill, No. 33, 2022” – (the Fifth Amendment”). The Fifth Amendment effectively alters the Constitution of the Federal Republic of Nigeria 1999 (as amended) (the “Constitution”) to empower States within the Federation to make laws concerning the generation, transmission, and distribution of electricity in all areas of each State, including areas covered by the national grid. This decentralises electricity regulation in areas already covered by the national grid.
Enugu State Govt Appreciates REA’s Intervention
The Enugu State Government has applauded the Rural Electrification Agency (REA) for its recent interventions in the state.
The state government made the commendation through the Third National Fadama Development Additional Financing Project.
The REA is an agency of government with a mandate to provide all rural-dwelling Nigerians access to reliable and affordable electricity. power.