Power Sector And Other Related News Stories For Wednesday December 28th 2022

Posted by News Room December 28, 2022
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Nigeria Now Supplies 8,000MW Of Electricity – Minister 

The federal government has disclosed that electricity supply in Nigeria is currently at 8,000 megawatts across, despite the epileptic power still recorded across the country. 

The minister of power, Abubakar Aliyu who disclosed this yesterday in Abuja at the 11th edition of the President Muhammadu Buhari (PMB) ‘Scorecard Series (2015-2023)’ organised to showcase the achievements of the Buhari Administration, noted that this administration is set to bequeath to Nigerians additional 4,000MW generating capacity. 

https://leadership.ng/scorecard-nigeria-now-supplies-8000mw-of-electricity-minister/

 

Govs have no excuse not providing electricity, says REA member 

A memeber representing the South-West on the board of the Rural Electrification Agency (REA), Michael Oluwagbemi, has said that governors have no excuse not to provide electricity for their states.According to him, electricity, which is on the Concurrent List in the 1999 Constitution, gives state governments a power to provide electricity as much as the Federal Government. 

https://guardian.ng/news/govs-have-no-excuse-not-providing-electricity-says-rea-member/

Zaria power accident: Kaduna Electric announces 6 fatalities 

The management of Kaduna Electric has lamented the power surge which occured in Gwargwaje community, Zaria, Kaduna state, noting that six persons lost their lives, and that the company has taken measures to avoid a recurrence.   

A statement issued by the company’s Head of Corporate Communication, Malam Abdulazeez Abdullahi, Tuesday, said contrary to some reports, its investigations revealed that six people died from the incident, adding that it has reached out to the family of the victims and it is liaising with the traditional institutions and security agencies on the next steps.   

The management of Kaduna Electric has said that its “investigations so far revealed that six persons lost their lives in the unfortunate electrical incident that occurred in Zaria last week. 

https://www.blueprint.ng/zaria-electricity-accident-kaduna-electric-announces-6-fatalities-takes-measures-to-avert-reoccurrence/

Agric ministry builds 1.21MW power projects, others 

The Federal Ministry of Agriculture and Rural Development says it has installed 20,124 units of solar electrification facilities with a combined capacity of 1.21 megawatts and constructed 105 classrooms, as well as 15 public toilets. 

FMARD, which is the arm of the Federal Government responsible for the development of agriculture in Nigeria, said it constructed the above projects in various rural areas across the country between 2015 and 2022. 

It disclosed this in a document obtained by our correspondent from the ministry in Abuja, which was put together by the ministry’s Department of Rural Development. 

https://punchng.com/agric-ministry-builds-1-21mw-power-projects-others/

Avoiding death from frequent power surge 

THERE is no doubt that Nigerians are now buffeted from all flanks. Wherever the people turn to, avoidable death lurks in the corner. For instance, if one was lucky to escape from the criminals prowling the land, or from trigger-happy men in uniforms, one may not be so lucky with containers falling from articulated vehicles, or fires from fallen petrol tankers on the roads. 

In recent times, however, Nigerians have suffered two, but related, kinds of death – electrocution and fire caused by power surge due to poor services by electricity distribution companies. From as early as 2016 to the most recent incident this December, hundreds of lives and property worth millions of Naira have been lost to these horrible incidents. 

https://www.vanguardngr.com/2022/12/avoiding-death-from-frequent-power-surge/

Strategic management and consolidation for Nigeria’s electricity industry 

The NESI comprises of generating companies (GenCos), the Transmission Company of Nigeria (TCN) and the DisCos. There are eleven DisCos including Abuja Electricity Distribution Company (AEDC), Benin Electricity Distribution Company (BEDC), Enugu Electricity Distribution Company (EEDC), Ibadan Electricity Distribution Company (IBEDC), Jos Electricity Distribution Company (JEDC) and Kaduna Electricity Distribution Company (KADECO). Others include Kano Electricity Distribution Company (KEDCO), Eko Electricity Distribution Company (EKEDC), Ikeja Electricity Distribution Company (IE), Port Harcourt Electricity Distribution Company (PHEDC) and Yola Electricity Distribution Company (YEDC). 

https://www.thecable.ng/strategic-management-and-consolidation-for-nigerias-electricity-industry

Afreximbank’s FEDA to acquire minority stake in Geregu Power 

FEDA is the development impact investment platform of the African Export-Import Bank (Afreximbank). 

In a recent statement, the bank explained that as part of its intervention efforts in Africa’s energy sector, FEDA made a strategic decision to support leading energy platforms across Africa, including the renewables and transition fuels sectors. 

As such, FEDA aims to support Geregu Power as a minority investor and work with the current owners and management team to drive the expansion of the business over the next few years, Afreximbank said. 

https://www.thecable.ng/afreximbanks-feda-to-acquire-minority-stake-in-geregu-power#:~:text=The%20Fund%20for%20Export%20Development,to%20satisfactory%20diligence%20and%20documentation

 

Stakeholders seek collaboration on energy sustainability in Africa 

The United Nations Educational, Scientific and Cultural Organisation (UNESCO) Chair in Energy for Sustainable Development and other global stakeholders are canvassing for leeway to address the energy crisis in Africa. 

The stakeholders, including the African Union have insisted that knowledge sharing remains a key factor to build capacity in the continent and ensure that Africa enjoys sustainable energy. 

They stated this at a programme organised by the UNESCO Chair in Energy for Sustainable Development at the Po-litecnico di Milano, Italy, Emanuela Colombo. 

https://guardian.ng/business-services/stakeholders-seek-collaboration-on-energy-sustainability-in-africa/

Spain announces €10bn help to fight rising prices 

The government would “protect the middle class and workers amid the rise in the cost of living, energy and food”, he said. 

The proposals include cuts to VAT and a €200 one-off payment for millions of households on less than €27,000 a year. 

It’s Spain’s third set of aid measures and brings total support to €45bn. 

Spain has succeeded in bringing down inflation in recent months to 6.8%, the lowest annual rate in the European Union and the lowest figure since the Russian invasion of Ukraine in February 2022. But food price inflation is far higher. 

https://www.bbc.com/news/world-europe-64103683