Power Sector News And Other Related Stories For Wednesday 10th August 2022

Posted by News Room August 10, 2022

 AEDC Tops, As Electricity Customer Metering Rises to 10.51m In 2021

The Abuja Electricity Distribution Company (AEDC) recorded the highest number of metered customers in 2021 at 701,781, even as the total number of Electricity Distribution Companies DisCos) customers in Nigeria increased from 10.37 million in 2020 to 10.51 million in 2021.

Data obtained from National Bureau of Statistics (NBS) Nigeria Electricity Report 2021 released in Abuja, also showed that Yola Electricity Distribution Company (YEDC) recorded the least with 65,098.

The report said Ikeja Electricity Distribution Company (IEDC) recorded the highest electricity supplied in 2021 with 4,088.62 Gwh, while YEDC recorded the lowest at 422.00 Gwh.



Kogi Residents Hope AEDC Will Sustain Improved Power Supply

esidents of Kogi are full of praise to the Abuja Electricity Distribution Company (AEDC) for the improvement in power supply in the state in recent times.

A cross section of the residents who spoke with the News Agency of Nigeria (NAN) on Tuesday in Lokoja described the turn of events as “commendable” for the near 24 hours power supply daily.

A secondary school Teacher, Gabriel Adewale, said that AEDC had gotten it right as the residents now enjoyed power supply almost 24 hours per day.

“In fact, the way and manner we are enjoying light nowadays is unbelievable, considering our experiences of epileptic power supply over the years.



Unveils Africa’s First Meter Museum in Lagos

Iyali Peter, the Special Adviser on Media to the Minister of State for Power, Goddy Jedy-Agba, made this known in a statement on Tuesday.

The minister, while inaugurating the project said that the museum/gallery was designed to showcase the evolution path of electricity meter in the country

He said the evolution, created from a simple electro-mechanical electricity meter to Advanced Meter Reading (AMR) and Advanced Meter Infrastructure (AMI), “is considered the first of its kind in Africa.”



Improved Metering Pushes DisCos’ Revenue Up by 44.50%

The total revenue collected by the electricity distribution companies (DisCos) in 2021 stood at N761.17 billion, an increase of 44.50 percent over the N526.77 billion they collected in 2020.

The National Bureau of Statistics (NBS), which disclosed this in its Nigerian DisCos Electricity report released yesterday, said the improved revenue is attributable to the increased number of metered customers.

According to the report, “The number of metered customers rose by 36.18 percent from 3.51 million in 2020 to 4.77 million in 2021, while estimated billing customers decreased by 16.32 percent from 6.86 million in 2020 to 5.74 million in 2021.”

The report also showed that the total number of customers recorded in 2021 increased marginally from 10.37 million in 2020 to 10.51 million in 2021.



Ade Yesufu: Linking Stakeholders with Investors to Boost Energy Sector

Nigeria Energy is the leading energy platform gathering contractors, developers, investors, project owners and utilities to meet and develop reliable power solutions for the country’s peak energy demand and pave the way for decentralisation. Its 2022 flagship conference will bring together key stakeholders from Nigeria’s energy sector, from government ministries and regulators to gas companies supplying fuel to grid-connected plants to independent power producers, distribution companies and the bodies mandated to facilitate the development of renewable energy and off-grid solutions. The strategic conference will provide a platform for the public and private sector in Nigeria to engage with international energy leaders and investors, not only offering a stage to share knowledge but a platform for developing solutions and forming partnerships to meet Nigeria’s energy challenges.In this interview, Ade Yesufu, Exhibition Director, Energy Portfolio 



Nigerian Discos Generate N761.2 Billion Revenue in 2021, Metered Customers Hit 4.8 Million

Electricity distribution companies (DisCos) in Nigeria generated a sum of N761.2 billion as revenue in 2021, an increase of 44.5% compared to N526.8 billion recorded in the previous year. This is according to data recently released by the National Bureau of Statistics (NBS).

Meanwhile, electricity bill in 2021 grew by 5.98% to 23,360.59 Gigawatts hour (Gwh), from 22,042.28Gwh recorded in 2020. Similarly, the number of metered customers rose by 36.2% from 3.51 million recorded in 2020 to 4.77 million customers in the review year.

On the other hand, estimated billing customers decreased from 6.86 million to 5.74 million in 2021, representing a year-on-year decline of 16.32%. Notably, Ikeja Electric Distribution Company (IEDC) generated the highest revenue in the year under review at N155.01 billion, while Yola Electricity Distribution Company generated the least revenue of N9.8 billion.



‘Nigeria Requires 30,000mw Electricity Generation to Meet Current Demand’

The Association of Nigerian Electricity Distributors(ANED), the umbrella body of Electricity Distribution Companies, (DisCos) has estimated that Nigeria requires 30,000 megawatts of electricity generation to meet current demand of electricity by consumers.

The executive director, Research and Advocacy of ANED, Sunday Oduntan, in his presentation at a one day workshop on, “Building Consumer Awareness and Strengthening the Customer Service Capacity Of Electricity Distribution Companies” in Lagos yesterday said, since 1960 the country has not generated up to 6,000 megawatts of electricity thus creating huge gap in service delivery in the system.



Masdar, Tanesco Sign Renewable Energy Deal

Clean energy developer, Masdar is set to build renewable energy projects in Tanzania.  Abdulla Zayed, Head of Business Development and Investment at Masdar and Maharage Chande, Managing Director of TANESCO signed the investment deal on the sidelines of the Tanzania Energy Congress in the presence of Hon. January Makamba, Minister for Energy for Tanzania.

The Joint Development Agreement (JDA) envisages the establishment of a co-owned joint venture (JV) company by the two organizations to develop the project. Through the JV, the two companies are initially targeting the development of renewable energy projects with a capacity of about 600 megawatts (MW), starting with solar photovoltaic (PV) and onshore wind. The JV will further explore the development of projects with a total capacity of at least 2,000 megawatts.



Huawei, Meinergy Launch Mega Solar Storage Project in Ghana

Huawei Digital Power Technologies, a unit of Chinese multinational tech giant Huawei, has signed a deal with Ghana-based solar developer Meinergy Technology to build a 1 GW solar plant coupled with 500 MWh of storage in Ghana over the next years.

Under the terms of the deal, Huawei will supply solar-plus-storage systems for the project. Meinergy will handle the development and construction of the facility.

In an interview with PV Magazine, Kevin Wu, CEO of Meinergy noted, “Meinergy has vigorously expanded its renewable energy business in Ghana and other countries in Africa to provide stable green power for local communities and bridge the electric power divide. We have been in Ghana for many years, and our business covers the mining, electric power, and PV sectors. We already built ground-mounted and floating PV plants in Ghana and also middle-sized hydroelectric plants. We have gained enough experience and found trusted long-term partners such as Huawei to deal with big projects.”



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