Power Sector And Other Related News Stories For Friday December 29th 2023
Nigerians Groan in Darkness Despite Power Sector Privatisation, N7tn Investments
The inability of the privatised power sector to meet the demands of electricity users nationwide is causing pain and anger among power consumers, as they express disgust over the privatisation exercise.
Many industries, small businesses, companies, among others, have collapsed as a result of the poor supply of electricity in Nigeria. This is despite the privatisation of the successor power generation and distribution companies in November 2013.
Nigeria’s power firms generate and supply between 3,500 megawatts and 5,500MW of electricity to over 200 million citizens across the country. On December 28, 2023, for instance, power generation on the national grid was 4,690.07MW.
https://punchng.com/nigerians-groan-in-darkness-despite-power-sector-privatisation-n7tn-investments/
Fresh Worries as 20 Electricity Plants Face Hurdles
Over 20 of the 27 electricity plants on the Nigerian electricity grid are in shambles as some of the plants are producing only about 0.2 per cent of their installed capacity.
The Nigerian Electricity Regulatory Commission (NERC) in its third quarter report for the year showed that troubles await the aging plants, leading to recurring maintenance, even as liquidity and gas constraints kept the plants below par.
Although Nigeria, which had projected a 40,000 megawatts of electricity generation by this year has repeatedly described the generation segment of the electricity market as the strongest in the power sector, even though only about 4,211 megawatts of the 12, 643 megawatts of the installed capacity was produced in the third quarter of the year.
https://guardian.ng/news/fresh-worries-as-20-electricity-plants-face-hurdles/
Illegal Connections, Vandalism, Others Trigger 126 Electricity-Related Accidents in Nine Months
At least 126 electricity-related accidents were recorded between January and September 2023, according to an analysis of the quarterly reports released by the Nigerian Electricity Regulatory Commission (NERC).
Also, there were 72 injuries and 79 fatalities in the same period under review.
In each of the reports analyzed, NERC blamed “illegal/unauthorized connections, unsafe conditions/acts, wire snap, vandalism, explosions, and electrocution” for the accidents, injuries, and fatalities recorded between Q1 to Q3 2023.
BIPC Partners INDASSOL On Provision of 5-Megawatatts Generation.
Plans have been Concluded between Benue Investment and Property Company to Partner with INDASSOL for 5- megawatts power generation in Benue State.
Indication unveiled as Plans has reached advance stage for private power supply to enable the company Cut down the cost of energy consumed by the company. And also extend to government agencies in the State.
It was gathered that this decision was made known during strategic partnership meeting between Dr. Raymond Asemakaha, the Managing Director of BIPC, and representatives from INDASSOL, namely Mr. Murat Cengiz, Mr. Ahmet Garipagaolu, Dr. Vincent Dogo, Mr. Jude Okotcha Pendragon, and Mr. Victor Theophilus.
https://championnews.com.ng/bipc-partners-indassol-on-provision-of-5-megawatatts-generation/
FG Announces Delivery of Seven Power Transformers to Boost Electricity Supply
The Nigeria Federal Government has announced that it received delivery of seven new power transformers in the Akangba 330/132kV transmission substation to boost the electricity supply.
Ndidi Mbah, the General Manager of Public Affairs at Transmission Company of Nigeria, disclosed this in a statement on Thursday.
According to TCN, the transformers range from 60 megavolt-amperes to 100MVA and are part of the ongoing TCN/World Bank Power projects.
Fresh Worries as 20 Electricity Plants Face Hurdles
Over 20 of the 27 electricity plants on the Nigerian electricity grid are in shambles as some of the plants are producing only about 0.2 per cent of their installed capacity.
The Nigerian Electricity Regulatory Commission (NERC) in its third quarter report for the year showed that troubles await the aging plants, leading to recurring maintenance, even as liquidity and gas constraints kept the plants below par.
Although Nigeria, which had projected a 40,000 megawatts of electricity generation by this year has repeatedly described the generation segment of the electricity market as the strongest in the power sector, even though only about 4,211 megawatts of the 12, 643 megawatts of the installed capacity was produced in the third quarter of the year.
https://guardian.ng/news/fresh-worries-as-20-electricity-plants-face-hurdles/
