Power Sector News And Other Related News Stories For Monday 7th November 2022

Posted by News Room November 7, 2022

Nigeria Will Explore Nuclear Energy to Generate Electricity

President Mohammadu Buhari has said Nigeria would explore nuclear energy to generate electricity.

He also expressed unwavering commitment of his administration to energy mix through acquisition of nuclear power.

The President spoke at the just concluded International Ministerial Conference on Nuclear Power in the 21st Century held in Washington DC.

According to him, the Federal Government has activated the Nigeria Atomic Energy Commissio, NAEC, as the national focal agency charged with the responsibility of developing the framework and technical pathway to explore, exploit and harness atomic energy for peaceful applications for the socio-economic development of the country.



Expensive Darkness: Nigerians Paid N258.9bn for Electricity in Seven Months

Despite epileptic power supply and frequent blackouts, electricity consumers in the country paid N258.91 billion for electricity in the first seven months of 2022, latest report from the Nigeria Bulk Electricity Trading Plc, NBET, has shown.

The report obtained by Vanguard showed that the amount was however, N194.4 billion short of the N453.31 billion invoiced for electricity supplied over the period.

The figure was also 24.91 percent short of the Minimum Remittance Order, MRO, set by the Nigerian Electricity Regulatory Commission, NERC, for electricity distribution companies, DisCos.



Power Generation Peaks at 4,735.1MW

Nigeria’s power generation, yesterday, rose by three percent to 4,735.1 megawatts, MW, from 4,594.6MW recorded last week.

The Nigeria Electricity System Operator, a semi-autonomous body under the Transmission Company of Nigeria, TCN, responsible for operating the transmission system disclosed this in its report obtained by Vanguard.



Electricity Generation Sheds 410.80MW in 24 Hours

The Nigerian Electricity Supply Industry (NESI) shed 410.80MW in 24 hours – between November 5 and November 6, 2022

The drop in generation emanated from the drop in the number of power plants that supplied electricity

Whereas 24 power generating companies produced 4,65.22MW the previous day (Saturday), only 19 plants operated and generated 3,965.10MW.

This was contained in the “List of GenCos and their MW Load @ 07hrs on 05/11/2022,” and “List of GenCos and their MW Load @ 07 hrs on 06/11/2022,”.



Nigerian Breweries Reduces Electricity Bill with $10m Renewable Energy Deal

Nigerian Breweries Plc (NB)and CrossBoundary Energy have announced the commencement of two renewable energy (solar and battery storage hybrid)projects for NB Plc’s Ibadan and Ama breweries in Oyo and Enugu States in a deal valued at $10 million.

The deal, adjudged to be one of the largest renewable energy projects for a business in Nigeria would see Nigerian Breweries significantly discount its current cost of power .

As part of the agreement, CrossBoundary Energy will expand the current renewable energy system at NB’s Ibadan Brewery from a 663 kWp solar PV plant to a hybrid solar-plus-storage facility consisting of a3 MWp solar PV system and a 2 MW/2 MWh battery energy storage system (BESS).



Nigeria Bemoans Absence of Nuclear Power in Africa

Nigeria has expressed sadness over absence of nuclear power plants across Africa saying out of over 400 nuclear power plants operating in the world, only one country in the continent is using it.

Minister of Science, Technology and Innovation, Sen. Adeleke Mamora in his National statement at the international ministerial conference on Nuclear Power in the 21st century in Washington DC lamented that there are over 400 nuclear power plants operating today across the world, but sadly, Africa, except for one country, is yet to have a feel of the immense benefits of nuclear power in the energy basket of the continent.



DisCos Pay Over N212billion to NBET in 6 Months

Between January and June 2022, electricity distribution companies (DisCos) paid N212billion of their total invoice to the Nigerian Bulk Electricity Trading Plc (NBET) , reports have shown.

This is from a total of N388bn invoice value and a minimum remittance order(MRO) of N315 billion.

According to the report, for January, the Nigerian Electricity Regulatory Commission (NERC) approved remittance was put at 81.33% from which DisCos payment remittance as related to the MRO was 66.12%.



TCN: Workers Petition Minister, Accuse General Manager of Bribery, Embezzlement

Workers of Transmission Com­pany of Nigeria (TCN) has pe­titioned the Minister of Power, Engineer Abubakar Aliyu, ac­cusing the company’s General Manager, Project Coordination, Engineer Joseph Ciroma of perpetrating corruption.

The workers, in the petition, addressed to the Minister and sighted by Saturday INDE­PENDENT, accused Ciroma of collaborating with training consultants for kickbacks con­trary to 5th schedule of the 1999 Nigerian constitution which prohibits a public officer from accepting property or benefits of any kind for himself in the discharge of his duties.



World Bank Approves $497 Million for South Africa’s GHG Emissions

The World Bank Group Board of Executive Directors approved South Africa’s request for a $497 million project to decommission and repurpose the Komati coal-fired power plant using renewables and batteries. The project will also create opportunities for the affected workers and communities. This aligns with the government’s efforts to transition the country toward a low-carbon development path with reliable, affordable, and sustainable energy for all.



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