Category: Power
Discos owe service providers N263bn
By Oke Peter Recent findings have shown that Nigerian Electricity Distribution Companies (Discos) owe service providers, including the Transmission Company of Nigeria (TCN), a total of N263 billion. The service providers in the power sector include the Nigerian Electricity Regulatory Commission (NERC), the Nigerian Bulk Electricity Trading Plc (NBET), the Transmission Service Provider (TSP), the…
Ikeja Electric begins MAP rollout in Shomolu
Leading Electricity Distribution Company, Ikeja Electric Plc (IE) has commenced the roll out of meters for customers in the Shomolu Business Unit under the Meter Asset Provider (MAP) scheme. The company, which has just completed the installation of meters for all residents of Unilag Estate in Isheri, announced that it has also commenced metering of…
Turkey’s Karpowership: Floating power plants seek anchor clients …Says it has reduced electricity costs in Ghana by 50%
The Istanbul-based company, Karpowership is shaking up the power sector on the continent, currently supplying electricity to six African countries and trying to add Morocco to its client list. The six African countries include Gambia, Ghana, Sudan, Sierra Leone, Guinea-Bissau, and Mozambique, the subsidiary is, according to experts, a game changer in the field. Founded…
Water constraints, gas shortage, others cut power generation by 3,109.5MW
By Oke Peter There are reports that a total of 3,109.5 megawatts of electricity could not be generated on the country’s power grid on Wednesday as a result of gas, frequency and water management constraints in the sector, latest figures from the industry released on Thursday showed. According to the report, 1,709.5MW of power could…
Power grid development: UK’s CDC to invest $300m in Africa
The United Kingdom government’s foreign investment arm, CDC Group, has announced it will invest $300 million in power grid development in Africa over the next five years. This contribution will be made through Gridworks, a company that will be launched shortly to this end. The company will make investments in African transmission networks, but also…
Wärtsilä launches Modular Block solution for sustainable power generation
By Oke Peter Foremost technology group, Wärtsilä has launched a modular, reliable and efficient solution for sustainable power generation, with fast delivery and installation, Modular Block at the ongoing Africa Energy Forum (AEF) in Lisbon, Portugal. The Wärtsilä Modular Block power plant solution is a pre-fabricated, modularly configured, and expandable enclosure for Wärtsilä medium-speed 34SG…
ATI, KfW unveil renewable energy solution, Transparency Tool to aid electrification in Africa
The African Trade Insurance Agency (ATI) through its partnership with KfW, has launched a new renewable energy solution, the Transparency Tool on the sidelines of the premier global energy event for Africa, the African Energy Forum (AEF) in Lisbon, Portugal. The Transparency Tool is an on-line platform that works in tandem with another innovation created…
Ikeja Electric rolls out prepaid meters for Ikorodu customers under MAP Scheme
One of Nigeria’s leading electricity distribution companies, Ikeja Electric Plc (IE), has announced the roll-out of prepaid meters for customers in the Ikorodu Business Unit. According to the firm, the deployment and installation of prepaid meters to customers in Ikorodu, which will be carried out by one of its MAPs, New Hampshire Capital limited, will…
20 energy ministers, 2,500 delegates brainstorm as 21st Africa Energy Forum begins in Lisbon
By Oke Peter The 21st edition of the foremost global investment meeting for Africa’s power, energy, infrastructure, and industrial sectors, Africa Energy Forum (AEF) begins today at the Lisbon Congress Center, Lisbon, Portugal. The four-day event commences with the Government opening ceremony with over 20 Ministers of Energy in attendance. According to the organiser of the…
Schneider Electric launches new products in Nigeria
Schneider Electric, the global specialist in energy management and automation present in more than 100 countries has launched a new range of products for its Nigerian market to address power-related challenges and the need for premium protection and innovative offers from high-end users to low-income earners. The newly launched products include a range of affordable…