Power Sector News And Other Related News Stories For Friday January 13th 2023
BEDC Seeks N100 Billion to Meter Four States, Says MD
The managing director of Benin Electricity Distribution Company (BEDC), Dr Henry Ajagbawa yesterday, disclosed that the company needs about N100 billion to meter all its customers in the four franchise states of Edo, Delta, Ondo and Ekiti.
Ajagbawa made the disclosure during a meeting with billing and payment agents in Benin City, Edo state capital.
He, however, disclosed that the company does not have such huge money for the project.
Why Lagos Purchased Electric Train — LAMATA Boss
Abimbola Akinajo, Managing Director, Lagos Metropolitan Area Transport Authority, says the train sets procured for passenger operations on the Blue Line will cut down Greenhouse Gas effect on the environment.
The Managing Director of LAMATA said this when she spoke with the News Agency of Nigeria in Lagos on Thursday.
Akinajo said the Lagos State Government was conscious of the Greenhouse Gas effect on the environment.
She said: “The Lagos State Government is being futuristic and thinking about cutting down drastically the effect of emissions in the environment and on the people.
“The state government is also very conscious of the Greenhouse Gas effect on the environment, hence the electric train.”
She stated that the Lagos Rail Mass Transit Blue Line rail project would be powered by electricity, using the third rail, noting that the state government opted for trains powered by electricity because they were environmentally friendly.
Discos Didn’t Remit N128.3bn in Six Months – FG
Power distribution companies did not remit a total of N128.3bn to Nigeria’s electricity market between January and June 2022, data sourced on Thursday from separate reports of the Federal Government’s power sector regulator, showed.
Figures obtained from the second quarter 2022 report of the Nigerian Electricity Regulatory Commission, which was released on Thursday, indicated that the power firms did not remit N58.32bn in the second quarter of last year.
Challenges, Energy Transition Issues in Focus at 13th IRENA Assembly
Over 1,500 global leaders across Africa and other continents are converging on Abu Dhabi, United Arab Emirates (UAE) to decide on critical energy transition issues.
The industry players and decision-makers, who are participating at the 13th Assembly of the International Renewable Energy Agency (IRENA) would consider issues bothering on investment, critical materials, energy planning, decarbonization of end use and the renewables-healthcare nexus.
Energy Sector Offers More Relationship Between Nigeria, Spain, Says Osinbajo
Exploring opportunities in the energy sector offer possibilities for a more robust relationship between Nigeria and Spain.
The Vice President, Prof. Yemi Osinbajo stated this yesterday when he received the Minister of Foreign Affairs of the Kingdom of Spain, Mr. José Manuel Albares, on a courtesy visit at the Presidential Villa.
According to the Vice President, “Spain has been a very good friend of Nigeria. Aside from the economic connections, it has been the largest importer of our gas and the third-largest importer of crude oil.
Husk Power Systems kicks off 2023 with $750,000 Solar Deal in Nigeria
Nigerian mini-grid player, Husk Power Systems, has secured the sum of $750,000 in funding for solar mini-grid projects in Nasarawa State.
Disclosing this in a statement to newsmen, the company said the loan was made available by Germany’s development finance institution (DEG).
Husk plans to set up eight new community solar microgrids in Nasarawa state. DEG allocated the funds from its Up-Scaling Program, which is co-financed by the Federal Ministry for Economic Cooperation and Development. According to the company, the financing is the first debt raised by Husk for its business in Nigeria, where the company currently has 12 operational microgrids and a target of building 500 mini-grids by 2026. The loan is payable in five years.
Petrofac : TenneT, Hitachi Energy and Petrofac Announce Early Works Agreement for 2GW Projects
Today Dutch-German Transmission System Operator TenneT, global technology leader Hitachi Energy, and international services company Petrofac, announce they have entered into early works agreements in support of TenneT’s 2GW Programme. Under the terms of the agreements, the companies will begin preparatory work and detailed engineering to ensure timely delivery of the first two Dutch offshore converter stations for TenneT’s high voltage direct current (HVDC) offshore wind grid expansion.
Shell Acquires 35% Interest in Oman’s GEO Project
British energy giant, Shell Plc, has purchased a 35% interest in the Green Energy Oman (GEO) project. The project involves the production of green hydrogen in the Sultanate from 25 GW of solar and wind power.
The purchase was made as part of a cooperation agreement between Shell and OQ. a state-owned oil and gas company, in the area of green hydrogen, according to Oman’s Ministry of Energy and Minerals.
The GEO project, unveiled in 2021, is backed up by several consortiums including green fuels developer InterContinental Energy (ICE) and Kuwait’s state-backed energy investor EnerTech (ETC) alongside OQ.
Intersect Power Reaches Commercial Operation of 310MW Project in California
The Athos III solar project (also known as Blythe Mesa Solar II) generates 224 MWac/310 MWp of reliable solar energy, enough to power approximately 94,000 homes. It features 448 MWh of co-located battery storage.
The Athos III solar project was built by union labour with American-made solar panels, batteries, and steel piles. It is expected to meet the domestic content and prevailing wage requirements in the Inflation Reduction Act.
Intersect Power CEO Sheldon Kimber called the project “a case study in how the clean energy industry can maximize our impact by prioritizing domestic supply chains and union labour to ensure the benefits of the clean energy transition are experienced by all Americans.”
Scotland Plans to Deliver Additional 20GW of Renewable Power Capacity
The Scottish Government has published a new energy strategy and a just transition plan. Proposals in the strategy aim to create an additional 20GW of renewable electricity generation capacity by 2030, including 12GW of onshore wind, offshore wind, solar and tidal power.
Scotland has also unveiled an ambition for 5GW hydrogen production capacity by the end of the decade and 25GW by 2045.
Net Zero and Energy Secretary Michael Matheson said: “At a time of unprecedented uncertainty in our energy sector, accelerating the transition towards becoming a renewables powerhouse makes sense for several reasons, particularly to helping to mitigate against future global market volatility and the high energy prices which are making life so difficult for so many people across Scotland.”