Power Sector And Other Related News Stories For Wednesday May 3rd 2023

Posted by News Room May 3, 2023

Why Nigeria Must Optimise Local Capacity to Boost Power Generation 

First Independent Power Limited (FIPL), a Sahara Group Company, has said Nigeria’s power generation capacity will remain elusive without a focus on local content development. 

Chief Executive Officer, FIPL, Dr. Kenechukwu Nwangwu, stated this, noting that investing in local capacity has the potential of transforming the power sector remarkably. 

Speaking at the Nigerian Content Conference organised by the Nigerian Society of Engineers (NSE) in Port Harcourt, Rivers State, Nwangwu said strengthening local content in the power sector would promote job creation, fund retention and the development of skills and competencies among Nigerian professionals. 


EKEDC Improves Staff Welfare 

Eko Electricity Distribution Company says it has grown into a great workplace by implementing intentional policies and optimising systems, resulting in the attraction and retention of exceptional talent and achievement of high-performance levels. 

 According to EKEDC, it has witnessed some remarkable changes in staff remuneration and incentivisation, as well as training and capacity development. 

“The strategy has been to create a continuous upward mobility track, where employees become better as they stay on the job while ensuring they receive their due reward for performance,” it noted in a statement signed by EKEDC’s General Manager of Corporate Communications and Strategy, Babatunde Lasaki. 



Blackout Looms as IBEDC Raises Alarm Over Poor Remittances 

AUTHORITY of Ibadan Electricity Distribution company (IBEDC) has expressed the readiness of the Market Operator, a unit in the Transmission Company of Nigeria (TCN), to commence disconnection of its feeders from the national grid from next month. 

This, it said was due to poor remittances from customers, according to a statement signed by IBEDC MD/CEO, Engr. Kingsley Achife, on Tuesday. 

He noted that the action may result in power outages to customers within IBEDC franchise area. 


Buhari Names Zungeru Hydropower, Mass Metering, Others As Major Achievements in Nigeria’s Power Sector 

President Muhammadu Buhari has listed the Zungeru Hydropower Project, Siemens power project, and mass metering program as some of his achievements in Nigeria’s power sector. According to a May  fact sheet from the State House which is targeted at the achievements of Buhari since he assumed office in 2015, the president has achieved many goals in the power sector.   

Some of the other achievements listed include the Zungeru Hydropower Project, the Kashimbila Hydropower Project, Afam III Fast Power, Kudenda Kaduna Power Plant, the Okpai Phase 2 Plant, and the Dangote Refinery Power Plant. All of which could increase the country’s power capacity by 4000 megawatts (MW).  



The NESI Components: Exploring the Transmission Sub-Sector 

The Nigerian Electricity Supply Industry (NESI) is primarily made up of the Generation Companies (GenCos), the Transmission Company of Nigeria (TCN), the Distribution Companies (DisCos), and the consumers. The NESI transmission network is used for the bulk movement of electrical energy from a generating site, such as a power station or power plant, to a substation where voltage is transformed and distributed to consumers or other substations. The interconnected lines that enable the movement of electrical energy are known as a “transmission network,”. 


Decentralisation of Electricity Regulation in Nigeria: An Elixir or A Sugar Pill? (II) 

For instance, all of the grid-supplied electricity in Nigeria currently originates from only 12 states, namely Niger, Lagos, Ogun, Rivers, Abia, Imo, Ondo, Cross River, Bayelsa, Edo, Kogi, and Delta, whilst consumption is spread across the entire country. 

This could change with the more permissive regulatory regime for electricity generation. Also, according to the World Bank, at least 85 million Nigerians are not connected to the national grid. In the same way as with electricity generation, the constitutional amendment presents an opportunity for states to facilitate transmission grid capacity expansion within their territory. 



Agency Urges South-West to Invest in Power, Rail 

The Ondo State Governor, Mr Rotimi Akeredolu, has said “the energy sector and rail transportation will form the bedrock for the future development of the South-West.” 

Akeredolu, who was represented by his deputy, Lucky Aiyedatiwa, stated this during the second edition of the South-West Investment Promotion Agencies’ Conference held in Akure. 


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