Power Sector And Other Related News Stories For Wednesday December 20th 2023

Posted by News Room December 20, 2023

Power Generation to Drop By 676MW Over Plant Maintenance

The Transmission Company has announced that the Egbin Power Station has been shut down to allow the Nigeria Gas Company maintain a linking gas pipeline to the power plant.

It said this would lead to a reduction of 696 megawatts of electricity on the national power grid. Nigeria’s grid delivers between 3,500MW to 4,500MW daily.

In a notice on its official X handle, the TCN said, “This is to notify the public that as at 11:13 hours of December 18, 2023, Egbin Power generating station was shut down to allow the Nigeria Gas Company to maintain linking gas pipeline supplying gas to Egbin Power Station.



Power Outage, High Cost Of Diesel Push Business Operators To Seek Alternatives

Chief KB Mark Anthony operates one of high profile printing companies in Lagos. However, his company is now facing an uphill task of meeting demand of clients due to unreliable frequent unreliable electricity as power outages from the national grid and heavy dependent on diesel powered generators is not only disrupting delivery timelines but also eating up profit.

Recently, the company had to spend extra money to buy a drum of diesel for about N200,000 to meet with clients job delivery which is outside agreed budget for a printing job following grid collapse that caused nationwide outage. The firm struggles sometimes with this uncertainty leading to tragic outcomes, with dozens of jobs affected due to inadequate power supply.



Nigerians Owe DisCos N280.98bn In 9 Months

According to the report, the debt is from the N1.06trn bill that was issued to consumers.

A breakdown showed that N112.29bn was the amount not paid from the N359.38bn issued to customers in the first quarter while N86.75bn was the sum not paid for from the N354.61bn bill issued in the second quarter and N81.94bn not paid from N349.55bn issued in the third quarter.

The report also showed that the federal government paid N375bn as subsidy during the period.

According to NERC, the subsidy payment was due to the absence of cost-reflective tariffs.



Transcorp Power Generates Over 29TWh to Nigeria’s National Grid 10yrs After Privatization

BARELY 10 years after privatisation, Transcorp Power Limited, TPL, a single cycle 972MW installed capacity power generating plant, has generated over 29,574,447MWh, 29TWh, of energy to the national grid for transmission and distribution to many homes and industries in Nigeria and West Africa.

In the progress report obtained by Vanguard, the company, stated: “Transcorp Group has been investing in the power sector for 10 years, with its first investment in the Ughelli Power Plant through Transcorp Power Limited.



We’ll Use Gas to Revolutionise Nigeria’s Power, Industrial Sectors –Kyari

The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Ltd., Mr. Mele Kyari, has said that the company will utilise Nigeria’s abundant gas resources to revolutionize the nation’s power and industrial sectors.

Kyari disclosed this during a signing ceremony of a Shareholders Agreement (SHA) between the NNPC Ltd., UTM Offshore (an indigenous company), and the Delta State Government on the development of the first Floating Liquefied Natural Gas (FLNG) facility in Nigeria, held at the NNPC Towers in Abuja, on Tuesday.



Reps Seek VAT, Import Duty Waivers For Contractors On N18bn, $231m Electricity Equipment

The House of Representatives on Tuesday called the federal government to urgently issue Value Added Tax (VAT) and Import Duty Exemption Certificate (IDEC) waivers to Contractors handling critical power projects across the country.

The resolution was passed by the House Committee on Public Accounts Committee (PAC), chaired by Rep. Bamidele Salam during the resumed investigative hearing into the ‘Accelerated Transmission-Distribution Interface Transmission Lines/Sub-stations’ contracts worth $231,004,002.8 and N18,264,411,235.66 awarded since 2015.

While briefing the Committee, representatives of the Transmission Company of Nigeria (TCN) and the Contractors explained that all the contracts have a great total of offshore components since the giant transformers are to be sourced from outside Nigeria.


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