Power Sector And Other Related News Story For Wednesday 8th March 2023

Posted by News Room March 8, 2023

BEDC Partners Independent Company for Power in Ondo 

The Benin Electricity Distribution Company (BEDC) plc, says it has entered into patnership with an independent power company to restore power supply to four local government areas of Ondo which were disconnected from the National Grid. 

The Tide’s source reports that BEDC franchise states include Edo, Delta, Ondo and Ekiti 

This was contained in a statement signed by the Managing Director of the company, Dr Henry Ajagbawa and made available to newsmen on Friday in Benin. 

Ajagbawa noted that the partnership was to render excellent services to the company’s numerous customers in BEDC franchise states. 


Experts Proffer Solution to Eradicate Energy Poverty in Nigeria 

Stakeholders in the energy sector have proffered decentralization and advocacy for renewable solutions as a progressive step toward ending energy poverty in Nigeria. The call was made during the Clean Energy Session #CES2023 hosted by Black Voice Media in collaboration with Africa Nxt Conference. 

Guided by the theme “Bridging the energy gap in Unserved and Under-served communities in Nigeria’’, the session featured conversations on clean energy as crucial in the drive to provide alternative energy. Moderated by Collins Teke, Broadcast media veteran and Founder of Black Voice Media, it also initiated more awareness about clean energy solutions while tackling energy poverty and climate change. 


Otedola’s Geregu Positioned to Transform Nigeria’s Power Industry with 1300MW Surge 

Gatekeepers News reports that Geregu Power Plc. is the eighth most valuable company on the Nigerian Exchange. 

In the next two years, the power-generating company aims to expand its operations and increase its total capacity from 435 megawatts to an impressive 1,300 megawatts, solidifying its position as one of the fastest-growing power companies in Africa. 

The move demonstrates the company’s commitment to meeting the energy needs of Nigerians, and also aims to boost its earnings and revenue through continued growth in the power sector. 


Stakeholders Explore Opportunities in Energy Transition in Dubai 

As the Middle East Energy Conference commences, stakeholders have stated that global and local dialogue remains key to the achievement of a robust, timely, just, and inclusive energy transition. 

The conference, which commenced yesterday in Dubai, explores leeway to achieving energy transition in Nigeria and other African countries despite the lingering energy crisis. 

Themed “Guiding the region through the energy transition”, the 48th edition focuses on five distinct product sectors that are leading the way in the energy transition. 


China’s Energy Transition Sees ‘Staggering’ Progress on renewables  And Coal Power Boom 

China is making rapid progress in scaling up clean energy, tentatively boosting hopes that the world’s largest carbon emitter could soon start to curb greenhouse gas pollution. 

A massive wave of permits for new coal-fired capacity poses a significant challenge to the country’s climate goals, with Beijing seen as “the glaring exception to the ongoing global decline in coal plant development,” according to the Global Energy Monitor. 



World Bank Backs Uzbekistan’s Solar Power Plant Expansion 

The World Bank’s Board of Executive Directors approved today financing support in the amount of $12 million for the Scaling Solar 2 Project for Uzbekistan. The Project will help expand the country’s capacity to produce clean and renewable energy, as well as further support the Government’s agenda of the transition to a green economy and promoting the decarbonization of the energy sector. 


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