The media has been awash with reports that TCN has reduced the load allocation to distribution companies. That information is incorrect. The correct position is that TCN can only transmit the quantum of power generated by GenCos through the national grid to distribution load centres nationwide.
The one-day workshop availed the energy management company the opportunity to inform the Nigerian market about its new microgrid solutions, and communicate on the next steps with regards to addressing the energy deficit sustainably in Africa, starting with Nigeria.
In-house engineers of the Transmission Company of Nigeria (TCN) have deployed a stop-gap solution to improve grid monitoring and acquisition of data from remote stations (power stations and transmission substations) to the National Control Centre. This was achieved by utilizing the Internet of Things (IoT) solution, and Virtual Private Network (VPN) by using various Internet Service Providers (ISP).
“This substation capacity upgrade will ensure that more power is made available for IKEDC to take to its franchise areas within Ijede LCDA and Ikorodu Local Government area axis.”
The projected oil price of the Federal Government of $62/barrel as contained in the 2022 Appropriation Bill has almost doubled going by the current global oil prices, which have been on the increase since the invasion of Ukraine by Russia on February 24, 2022.
Commenting on the oil firm’s 2021 financial results, its Chief Executive Officer, Roger Brown, said, “Seplat Energy announced a major acquisition last week and despite a challenging year for Nigerian oil and gas, the robust results delivered today clearly show how our increasing financial strength has made such an acquisition possible.
