Power Sector And Other Related News Stories For Wednesday February 22nd 2023

Posted by News Room February 22, 2023

IBEDC Decries Assaults Against Its Staff and Facilities, Appeals for Caution 

In light of recent incidents of attacks across our business locations, the Management of   Ibadan, Electricity Distribution Company (IBEDC) Plc would like to appeal to the public to refrain from engaging in such acts of violence against its employees and facilities.

A statement signed by the Managing Director of the company, Engr. Kinsley Achife said electricity distribution companies provide an essential service, which is critical to the daily lives of citizens. The attack on these offices not only causes damage to the property but also disrupts the provision of electricity, which affects the livelihoods of many and throws communities into darkness.


Jos DisCo arrests 11 Vandals in Gombe, Bauchi and Plateau 

The Chief Security Officer of Jos Electricity Distribution Company, Mallam Musa Abdullahi, has said about 11 electricity vandals have been arrested in some parts of Gombe, Bauchi and Plateau States.

The arrest was as a result of a diplomatic shuttle between the Managing Director, Engr Abdu Bello Mohammed and the Chief Security Officer of the company who virtually visited all the security Chiefs and traditional rulers in the company franchise States with the view to halting the menace of the electricity criminals, a statement sent to our correspondent by the Head, Corporate Communications, Dr. Friday Adakole Elijah said.


How Smart Meters Reduce Energy Spending For Nigerians – PPC 

 Nigerians who have replaced their old prepaid energy meters with new smart meters are enjoying premium energy savings, PPC Limited, one of Nigeria leading engineering and infrastructure Development Company, has said.

Engr Kelechi Onuigbo , Head of Power Division at PPC,in a statement yesterday, said the ability to pay only for the units of energy used and control energy usage is just one of the numerous benefits of migrating to smart meter technology.


Agenda for The New NLC Leadership 

The Nigeria Labour Congress (NLC) recently inaugurated its new leadership, with Comrade Joe Ajaero as the President. The former General Secretary of the National Union of Electricity Workers, was elected as the new NLC President on a consensus at the 13th NLC National Delegates Conference in Abuja. He took over from Ayuba Wabba, who served as the NLC President between 2015 and 2023.


Buhari Commissions N6.8bn Substation in Akwa Ibom 

President Muhammadu Buhari on Monday performed the groundbreaking ceremony for the construction of a 2—30/40MVA substation worth N6.8 billion in Ibiono Ibom LGA, Akwa Ibom State, to improve power generation and supply to the people of the state.

Represented by the Minister of State for Power, Prince Goddy Jeddy-Agba, the President noted that the 2x30MVA substation was in fulfilment of his campaign promises to Akwa Ibom state.

We are here for an official groundbreaking ceremony of the construction of a 2—30/40MVA substation at Ibiono Ibom, Akwa Ibom state, the contract for the engineering, procurement, and construction of 2—30/40MVA substation was awarded in favour of M/S Jamec West Africa Ltd. with a completion period of 18 months.


Accelerating Energy Transition With Best Technology 

Nigeria has demonstrated appreciable level of dedication leaning towards investing in new energy and has entered into various levels of cooperation to accelerate investment in that space.

Most recently, in her determined effort in that regard, especially, to boost renewable energy investment, Nigeria and Egypt signed a Memorandum of Understanding (MoU) to enhance bilateral cooperation in the field of electricity and renewable energy.


How Russia war Shattered Global Energy Routes 

Europe was expecting to freeze when Russia invaded Ukraine. Instead, the war shock waves left some Asian nations in the dark.

After a year of fighting, Europe gas reserves are bulging and its leaders are moving forward with ambitious plans to green their economy. But it starkly different thousands of miles away, where poor Asian countries are scrounging for fuel after liquefied natural gas cargoes were rerouted to wealthy European markets.

Some nations have resorted to burning more coal. Others have endured electric blackouts due to abrupt fuel shortages.


Biomass Electricity Global Market Report 2023: Government Subsidies and Support Bolsters Growth 

The global biomass electricity market will grow from $41.44 billion in 2022 to $45.17 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The biomass electricity market is expected to grow to $61.32 billion in 2027 at a CAGR of 7.9%.

Western Europe was the largest region in the biomass electricity market in 2022. Asia Pacific was the second-largest region in the biomass market. The regions covered in the biomass electricity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The increasing government support through various government subsidies and policies is driving the growth of the biomass electricity market. Due to the growing concerns about climate change and the rising levels of greenhouse gases in the atmosphere resulting from the burning of fossil fuels such as coal and oil, new government policies are being framed to encourage sustainable power generation.


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