Power Sector And Other Related News Stories For Wednesday 16th November 2022
AEDC, FCE Okene Maintain Harmonious Relationship, Working to Restore Power Supply to College
The Abuja Electricity Distribution Plc (AED Plc) has assured that it is working with the management of Federal College of Education (FCE) Okene, Kogi State to resolve power disruption in the College.
The Company in a statement from its management, said contrary to the reported misunderstanding between it and the College management, it is in harmonious relationship.
According to the AED Plc management, “We wish to reaffirm that both Company and College are working together to resolve the issue.
AEDC therefore uses this medium to reaffirm that the above publication is false as the company is in fact in cordial relationship wth the customer as against the purported report.
The company explained that it places a high premium on its customers thus will never deliberately inflict pain or discomfort to them.
While the company acknowledges the existence of the complaint presented by the FCE, AEDC stated that it has since swung into action by ensuring the swift repairs of the damaged transformer bearing in mind the sensitivity of the role of FCE in Nigeria.
Nigeria Energy Sector Experiences the Highest Inflation Rate Since 2017
According to the October 2022 consumer price index (CPI) and inflation report from the National Bureau of Statistics, Nigeria’s housing, water, electricity, gas, and other fuels (energy) inflation rate rose to 16.8% for October 2022, the highest rate since March 2017, when the rate stood at 18.9%.
The inflation rate for this category increased to 16.8% in October 2022 from 16.4% in September 2022 and 10.4% in the corresponding period of 2021. Nairametrics had reported that Nigeria’s inflation rate surged to a new record high of 21.09% in October 2022, marking 0.32% points increase from 20.77% recorded in the previous month.
Until Nigerians Get 24/7 Electricity, Power Sector Remains A Failure – Sahara
The Group Managing Director of Sahara Power Group, Kola Adesina, has said if the power sector cannot guarantee 24 seven days a week electricity to Nigerians, then it has failed.
He said this on Tuesday in Abuja, while speaking to journalists, shortly after he was conferred as an Honorary Fellow of the Nigerian Society of Engineers (NSE).
The honorary conferment ceremony was held during the 2022 National Engineering Conference, Exhibition, and Annual General Meeting of the NSE, with the theme, ‘Advancing the frontiers of Communication and Digital Economy in Nigeria’.
Let there be light
The Pastor’s mind, though always attuned to the Mind of God, was today on a more mundane and shop-soiled affair. He was fully prepped up to talk about ELECTRICITY! Yeah, you heard right: electricity or, simply LIGHT as Nigerians fondly call it in street parlance. The Pastor in his homily had taken the church on memory lane on the epileptic, run-and-stumble career of the corporation charged with the generation, transmission and distribution of electric power in Nigeria, right from Independence to date. He had bemoaned and lamented the many lost opportunities by Nigerian factories, industries, government agencies and private individuals to kickstart an Industrial Revolution in the largely benighted country due mainly to the lack of adequate and uninterrupted supply of power. As he spoke, the congregants could barely hear him on account of the deafening sound of the diesel-powered giant generating set mounted nearby on which the church service itself was being powered.
FCT to enjoy Bulk Power from 6 Power Projects
The Federal Government has reiterated it’s commitment to improving bulk electricity supply in the Federal Capital Territory, with it’s six power projects, which were designed to add 1,000 megawatts (MW) as all of them are at completion stage.
The Minister of Power Abubakar Aliyu gave the assurance during an inspection tour of the projects alongside the managing director of the Transmission Company of Nigeria (TCN), Sule Abdulaziz.
Kyari: Why Nigeria, Others Must Adopt Flexible Energy Transition Plan
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, yesterday made a case for Nigeria to be given the freedom to adopt a more gradual and flexible approach to the ongoing energy transition.
He also forecasted that the global oil and gas industry does not look bright in the next 30 years or more, due to the current pressure driven by energy transition to ditch fossil fuel.
Speaking while presenting a paper at the 40th annual international conference and exhibition of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos, Kyari who spoke on the topic: “Global Energy Transition and the Future of the Oil and Gas Industry: Evolving Regulations, Emerging Concepts, and Opportunities,” said rapid demographic changes would continue to drive up demand for energy services across Africa in the coming decades.
Telcos require 64TWh renewable electricity by 2030 to improve services
While it has hailed the commitment of telecommunications operators in European countries for maximizing the use of renewable energy in their networks, the Global System for Mobile telecommunications Association (GSMA) is worried that such has not been replicated in Africa.
Specifically, GSMA said European networks are leading globally, purchasing an average 71 per cent renewable energy, adding that mobile networks in 41 of the 86 countries surveyed use more than 75 per cent renewable energy.
IBEDC, NERC hold town hall meeting, to meter 4 million Nigerians Under NNMP Phase 1
From left, Director, National Orientation Agency, Dr Kayode Odedokun; Chief Commercial Officer, Ibadan Electricity Distribution Company (IBEDC), Mr Deolu Ijose; MD, IBEDC, Mr Kingsley Achife; Commissioner, Consumer Affairs, Nigerian Electricity Regulatory Commission (NERC), Aisha Mahmud; HOD, Consumer Affairs, NERC, Dr Shittu Shaibu; the Bala Balogun of Ibadanland, Chief Abiola Arulogun, at the consumer complaints resolution meeting organised by NERC, which took place on Tuesday at Jogor Event Centre, Ibadan.
TCN Realising Planned Power Grid Reforms
The Managing Director/Chief Executive Officer of the Transmission Company of Nigeria, (TCN), Dr Sule Abdulaziz, has stated that the company was vigorously achieving its five-point agenda for 2022, which cover general reforms and power grid visibility.
Speaking at a three-day management retreat in Uyo, Akwa Ibom State, Abdulaziz, according to a statement from the General Manager, Public Affairs, Ndidi Mbah, said the TCN’s agenda has been thriving on the ease of operation, credibility, teamwork and focus on excellence in the organisation.
Seplat Committed to Just, Affordable Energy Transition
Seplat Energy Plc, leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, says its commitment to a just and affordable energy transition is unwavering.
The energy company maintains that its ANOH and upgraded Sapele gas projects could fuel another 2000 megawatts of electricity by 2024, thus displacing the wide use of diesel/petrol generators for electricity as well as the use of biomass as cooking fuel.
The Chief Executive Officer of Seplat Energy Plc, Mr. Roger Brown said this during his Keynote at the opening ceremony of the 40th Annual International Conference & Exhibition of the Nigerian Association of Petroleum Explorationists (NAPE) held in Lagos on Tuesday, themed: Global Energy Transition and the Future of the Oil and Gas Industry: Evolving Regulations, Emerging Concepts and Opportunities.
Meter Bypassing, Responsible for Estimated Billing – Eko Disco
Eko Electricity Distribution Company (EKEDC) has said the act of bypassing electricity meters was responsible for estimated billing, otherwise known as “crazy bill” in most communities.
The Managing Director, EKEDC, Dr Tinuade Sanda, made this known at a customer engagement forum organised by the Disco held in Lagos recently.
Customers at the forum were drawn from various areas under Orile District, including Surulere, Aguda, Coker, Orile, Ikate, Animashaun and Doyin zones.
Sanda, who was represented by the company’s Chief Finance Officer, Mr Joseph Esenwa, said the essence of the meeting was to collaborate with customers.
Benin Republic to Pilot 1.7 MW Rural Mini-Grid Solar Project
NEoT Offgrid Africa, an energy investment platform founded by France’s EDF (EDF.PA) and Paris-based asset manager Meridiam, recently reported working with two other companies to develop a 1.7 megawatt (MW) solar power project in Benin Republic. The other two companies are GDS International, a French energy group Générale du Solaire subsidiary, and West Africa energy transition firm ARESS.
Engie to Build a 3,000 MW Wind Farm in the Gulf of Suez
Engie, French independent power producer (IPP), the Egyptian Electricity Transmission Company (EETC) and the New & Renewable Energy Authority (NREA) signed an agreement to develop the largest wind farm in Africa, to be built in the Gulf of Suez in Egypt. The Egyptian Prime Minister Mostafa Madbouly and Minister of Electricity and Renewable Energy Mohamed Shaker were present.
A 3,000 MW wind farm will be constructed 40 kilometres northwest of Ras Ghareb by a consortium made up of Engie, Orascom Construction, Toyota Tsusho Corporation, and Eurus Energy under a public-private partnership (PPP). It will be the biggest wind project ever built in Africa. The consortium will concentrate on the remaining project development phases, particularly the finance mobilization, which should be significant given the projected wind farm’s production capacity of 3,000 MW, once the first agreement has been reached.