he World Bank, African Development Bank (AfDB), Japan International Cooperation Agency (JICA) and French Development Agency are among some of the multilateral donor agencies that have raised $1.57 billion for the Transmission Company of Nigeria (TCN) to expand Nigeria's electricity grid to 20,000 megawatts (MW) within the next four years, THISDAY learnt Tuesday in Abuja. The funds according to the Managing Director of the TCN, Mr. Usman Mohammed, were raised for the company to implement its Transmission Rehabilitation and Expansion Programme (TREP).
Mohammed said the TREP was initiated and approved by the federal government for the TCN to steadily grow, stabilise and modernise Nigeria's transmission network so it can take more electricity from generation companies (Gencos) to distribution networks. He disclosed this when the TCN hosted a workshop with stakeholders in the electricity industry to review its plan to procure and install brand new supervisory control and data acquisition (SCADA) and electricity management system (EMS) for the national grid.
(AfDB/News and Events, 29/05/2018
The African Development Bank, the Green Climate Fund (GCF) and the Africa50 investment fund signed a letter of intent to collaborate on the Desert to Power programme on the sidelines of the Bank’s Annual Meetings, Busan, Korea. The Desert to Power programme, initiated by the Bank, aims to develop 10,000 MW of solar energy across the Sahel region. It is intended to provide solar generated electricity to 250 million people, including 90 million through off grid solutions, thereby enabling the development of agriculture and other economic activities. The three institutions agreed that they will share ideas and resources about opportunities to make solar power available throughout the Sahel region, transforming African deserts into new sources of renewable energy.
(Engie Africa, 3 April 2018)
Global utility company ENGIE and off-grid energy leader Fenix International have closed their acquisition agreement today. Fenix is the first Solar Home System “SHS” company to join a major worldwide energy com-pany and has already delivered clean, safe and affordable energy and financial services to over one million people. ENGIE and Fenix have ambitious targets to reach millions of households across Africa and this partnership will accelerate and expand Fenix’s ability to scale off-grid energy and financial services. Fenix will gain access to ENGIE’s supply chain, expertise, long-term capital investments and talent across the energy value chain.
Your power bill could rise further by as much as 70 per cent as the Government moves to raise additional revenue to sustain idle plants. The Energy Regulatory Commission (ERC) has expressed concerns about the number of planned power projects, saying the current pace in growing electricity generation by far outpaces demand. This is even as power-intensive industries fail to set up in the country at the expected pace.
The current state of affairs, the regulator cautions, could have the impact of further pushing up power costs as consumers are made to pay for idle power plants, burdening them further as they are already reeling from the high cost of energy. ERC now wants different power producers to slow down on the construction of plants to ensure that supply matches demand. A report by the regulator released yesterday shows that over the next six years, power producers could have a generating capacity of 43 per cent and prices could go up by as much as 70 per cent. Among the power plants that the regulator wants to be slowed down are the controversial Lamu coal plant, the much-hyped nuclear power plant, and a host of geothermal plants planned by State-owned KenGen and other independent power producers.