Power Sector And Other Related News Stories For Wednesday November 30th 2022
Stakeholders canvass sustainable financing for rural electrification
As Nigeria battles with electricity supply with millions of rural dwellers totally unconnected to the grid despite the poor performance of the electricity grid system, stakeholders are demanding for sustainable financing that will increase electricity access across unserved and underserved communities.
Despite being privatised about eight years ago, over 80 million people in Nigeria reportedly lack access to electricity and those with connections do not have a reliable supply.
Eko Disco Laments Loss of over N1.2bn to Vandalism, Cable Theft
Eko Electricity Distribution Company (EKEDC) has expressed worry over its loss of over N1.2 billion of its assets and electrical installations to vandalism alone in 2022.
The General Manager, Corporate Communications, EKEDC, Mr. Godwin Idemudia, disclosed this yesterday in a statement, saying the company was being challenged by frequent cases of vandalism on its network in spite of the campaign against it.
He said vandalism was posing a serious threat to EKEDC distribution infrastructure, especially electricity cables.
Blame FG for power sector woes, stakeholders tell Nigerians
Electricity stakeholders have said the lack of sanctity of contract and sincerity on the part of the Federal Government were the critical factors that frustrated the projected objectives of the power sector years after privatization.
They insisted that the Federal Government conducted road shows across the world for investors only to backpedal on the key pillars that would have led to the growth of the sector.
The players, who converged at a media workshop organised by the Power Correspondents Association of Nigeria (PCAN) in Abuja said the sector is currently buried in corruption and gross lack of respect for contracts.
NDPHC wins power sector award
Niger Delta Power Holding Company (NDPHC) Limited has emerged the Best Company of the Year 2022. NDPHC was announced winner in the Project of the Year category of the maiden Nigeria Power Sector (NPS) Awards 2022 for 2X150MVA and 2x60MVA 330/132/33KV Lafia transmission substation.
The Awards is designed to recognise, celebrate and promote public and private sector organisations and individuals in the Nigerian Electricity Supply Industry (NESI).
Electricity: NBET targets 6,500MW generation with new initiatives
Five months into the implementation of the partial power purchase agreement for all 26 power generation companies on the national grid that is expected to raise on-grid supply to 5,500 Megawatts, the Nigerian Bulk Electricity Trading, NBET, Plc, has said that the target is to improve supply to 6,500MW in 2023.
The Managing Director of NBET, Dr Nnaemeka Ewelukwa who stated this at a workshop in Lagos, yesterday, said the additional 1,000MW would come from activated contracts in the industry.
Ayade: Cross River to Generate 50Mw from State Power Plants
Cross River State Governor, Professor Ben Ayade, has stated that he is optimistic that a combined power generation from the two power plants built by his administration will add 50 megawatts of electricity capable of providing the state capital, Calabar, with steady supply even without being linked to the national grid.
The governor stated this as he embarked on a tour of the power generating plant at Adiabo close to Tinapa Business and Leisure Resort in Calabar.
While speaking at the 26 megawatts gas-fired power plants expected to be completed soon in Adiabo, he said: â€œThe consistent generation of 26 megawatt from here, combined with the one at Parliamentary Extension, will give Cross River State almost 50mw of steady power supply, making Calabar the first city to be powered from an independent state source without falling back to the national grid.
KfW and AFD Provide £600 Million for SA Energy Transition
South Africa currently benefits from the Just Energy Transition Partnership (JETP), especially with France and Germany supporting South Africa with £600 million for the energy transition.The agreement was signed on the sidelines of COP27. The JETP was launched at COP26 in Glasgow, Scotland, in 2021.
The funding is being provided by the French Development Agency (AFD) and Kreditanstalt fÃ¼r Wiederaufbau (KfW), the German development agency. This first public policy loan from France to South Africa is accompanied by £1.5 million in grant support, which will help finance local research on the social impacts of the transition, possible options for converting coal-fired power plants, the potential for job creation and the opportunities for mobilising climate finance, AFD said.
Egypt Releases Path for 220,000 Tons of Green Hydrogen
As a first step toward being carbon neutral, the Egyptian government has signed a framework agreement for creating, financing, constructing, operating, and maintaining a green hydrogen project.
A pilot electrolysis facility is anticipated to generate 20,000 tons of green hydrogen yearly initially. Then, up to 200,000 tons, more green hydrogen will be produced annually at the plant during the following phase, bringing the total output to 220,000 tons.
The project supports Egypt National Green Hydrogen Strategy, unveiled during COP27.
South Africa to Set UP $90M Net-zero Energy Solutions Platform
African Infrastructure Investment Managers (AIIM), one of Africa largest infrastructure-focused private equity fund managers, will provide the initial equity of up to $90 million to establish a new renewable energy platform to deliver net-zero energy solutions for South Africa.
The renewable energy platform NOA Group Holdings (Pty) Ltd is a vertically integrated energy platform that will provide net-zero oriented renewable energy solutions to customers in the commercial and industrial sectors of the economy. They have developed a comprehensive and innovative range of solutions for customers by providing large-scale wheeled energy generation using wind, solar and storage technologies.