Power Sector News and Other Related News Stories For Thursday September 29th 2022

Posted by News Room September 29, 2022

No Plans to Sell TCN Now – BPE

The Bureau of Public Enterprises (BPE) has declared that news publication alleging that “the Federal Government is currently gearing up to put the Transmission Company of Nigeria (TCN), up for Sale” is false and a mere fabrication by mischief makers.

Ibeh Uzoma Chidi, BPE’s Head, Public Communications, in a statement made available to journalists in Abuja, said such false fabrication by mischief makers aims at creating room for another needless strike by electricity workers.

“The attention of the Bureau of Public Enterprises (BPE) has been drawn to a news publication alleging that “the Federal Government is currently gearing up to put the Transmission Company of Nigeria, up for Sale”.

“The BPE wishes to state that the news is completely false in all its ramifications. The allegation is a mere fabrication by mischief makers aimed at creating room for another needless strike by electricity workers.

“The actions of the Federal Government in the power sector are guided by well-articulated policy documents and extant legislations.



Electricity Market Records 31 Deaths

In the Fourth Quarter of last year, the total number of incidents was 40 – 9 injuries and 31 deaths, it was learnt yesterday.

This has prompted the Nigerian Electricity Regulatory Commission (NERC) to investigate the reported incidents to understand the causes as well as meting out relevant actions against the licences (where applicable).

The NERC “fourth quarter 2021 report,” stated that the commission has intensified efforts to implement various safety programmes aimed at eliminating accidents.

“In 2021/Q4, the total number of incidents was 40 – 9 injuries and 31 deaths.

“Compared to the 49 incidents recorded in 2021/Q3 -9 injuries and 30 deaths,” it added.

It added that 222,639 electricity customers flooded the 11 electricity Distribution Companies (DisCos) with complaints in the fourth Quarter of last year.

The energy distributors were able to resolve 211,436 of the complaints.



NDPHC Expresses Commitment to Power Supply Despite N150bn Debt

Nigeria’s largest asset holders in the power sector, Niger Delta Power Holding Company, NDPHC, is owed over N150 billion by the Nigerian Electricity Supply Industry, NESI, despite offering the cheapest tariff in the industry, documents from the company have shown.

NDPHC, a company owned by the Federal, states and local governments, was incorporated under the Corporate Affairs Commission with the mandate to manage power projects tagged: The National Integrated Power Project (NIPP).

The NIPP was conceived in 2004 by the Federal Government and was developed to address the issues of insufficient electric power generation and excessive gas flaring from oil exploration in the Niger Delta region. Ten power plants were designed in gas-producing states as part of the project.

The power plants include: Ihovbor Power Station Benin, Edo State with the capacity of 4 x 112.5 MW (ISO 126 MW); Calabar Power Station, Cross River State with the capacity of 5 x 112.5112.5 MW (ISO 126 MW); Egbema Power Station, Imo State with the capacity of 3 x 112.5 MW (ISO 126 MW); Gbarain Power Station, Yenagoa, Bayelsa State with the capacity of 2 x 112.5 MW (ISO 126 MW).



Why Nigeria Must Generate Power from Sun

The need for Nigeria to utilise its abundant sun to provide power for homes, offices and industries has reiterate.

The Group Managing Director of Mojec International Holding Limited, Chantelle Abdul, said this would go a long way to solving the nation’s parlous and epileptic power situation.

The move, she further said, is sustainable. She spoke at the just concluded 2022 Nigeria Energy Conference in Lagos.

The theme of the Conference was “Affordable, reliable and sustainable energy through collaboration. ” It was organised by the Nigeria Energy Exhibition and Conference and attended by key stakeholders and players in th energy sector .

In attendance were government officials and regulators in the industry, representatives of companies supplying fuel to grid-connected plants and independent power producers ; distribution companies and the bodies mandated to facilitate the development of renewable energy and off-grid solutions.

In her virtual presentation at titled, ‘Solving Nigeria’s power challenges through smart electricity metering’, Abdul said Mojec International pioneered the concept of smart metering technology in Nigeria by setting up a state-of-the-art electricity meter manufacturing plant in the country with a production capacity of 1,200,000 meters annually designed to serve the local African markets.



Group to Tackle Nigeria’s Power Supply Challenge Using Solar Energy

Himel, a global manufacturer and provider of electrical products for low voltage power distribution has initiated plan to tackle power supply challenge in Nigeria.

The Vice-President, Sales for the Middle East, Africa, and Central Eastern Europe for Himel, Mr Balaji Lenka, made this known in a statement on Wednesday after the conclusion of the Nigeria Energy Conference and Exhibition recently.

Lenka said it has became imperative because access to electricity play a very vital role in the economic growth of any nation and remain a challenge in Nigeria.

He said the local energy sector has the capacity to meet today’s domestic demand and create valuable manufacturing jobs and opportunities for a sustainable future.

He said by working with local and international partners to share knowledge and fuel innovation in the ever changing energy landscape, Nigeria has major potential for it’s power generation needs.

According to Lenka, the manufacturing company is focused on bringing safer electrical access to the country through its recently launched solar-ready offer at the concluded conference and exhibition.



CBEA, ENGIE Energy Sign Finance Transaction Agreement to Build $60m Mini Grids in Nigeria

Cross Boundary Energy Access Nigeria (CBEA) and ENGIE Energy Access Nigeria (ENGIE) are announcing a project finance agreement to build a $60 million portfolio of mini-grids that will connect over 150,000 people to electricity in Nigeria.

ENGIE has developed a pipeline of mini-grids to build over the next four years. CBEA will finance all of the development and construction activities and will own the projects.

ENGIE will provide long-term operations and maintain services for the mini-grids and ensure that the residential, commercial, and productive use customers receive clean, reliable electricity while delivering high-quality and customer-centric services.

CBEA will provide the private capital for the transaction. CBEA will invest this private capital alongside the Performance Based Grant (PBG) funded by the World Bank and administered by Rural Electrification Agency (REA) and the Nigeria Electrification Project (NEP).

ENGIE, expanding on its energy access track record across Africa, sees huge value in the development of the mini-grid business in Nigeria. The agreement represents further progress in the African mini-grid space as it will expand access to energy to grid-unserved communities, creating economic growth and increasing socio-economic welfare in the community.



Shell Acquires Nigerian Renewables Group in First African Power Deal

Shell has made its first power sector acquisition in Africa with the purchase of a Nigerian renewable energy provider, as the oil major seeks to build out a green energy business that will eventually reduce its dependence on fossil fuels.

Daystar Power, which operates in Nigeria, Ghana and three other countries across west Africa, provides solar power and battery solutions to business and industry across the region, including Nigerian Bottling Co, makers of Coca-Cola in the country.

Thomas Brostrøm, Shell’s executive vice-president for renewable generation, said the acquisition of Daystar for an undisclosed sum was “a fundamental step for Shell in growing our presence in emerging power markets”.

The deal follows Shell’s acquisitions of renewable power businesses in other parts of the world in the past year, including the Indian group Sprng Energy in April for $1.55bn and US-based Savion in December 2021.



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