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	<title>power generation Archives &#8226;</title>
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	<title>power generation Archives &#8226;</title>
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		<title>Power Generation Companies Raise Concerns Over Financial Impact of Grid Collapses</title>
		<link>https://theelectricityhub.com/power-generation-companies-gencos-in-nigeria-report-massive-financial-losses-with-kainji-and-jebba-plants-alone-losing-n21-87-billion/</link>
					<comments>https://theelectricityhub.com/power-generation-companies-gencos-in-nigeria-report-massive-financial-losses-with-kainji-and-jebba-plants-alone-losing-n21-87-billion/#respond</comments>
		
		<dc:creator><![CDATA[Niniola Odeyemi]]></dc:creator>
		<pubDate>Sat, 23 Nov 2024 19:46:18 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[On-Grid]]></category>
		<category><![CDATA[Watt Page]]></category>
		<category><![CDATA[West Africa]]></category>
		<category><![CDATA[Grid]]></category>
		<category><![CDATA[Nigeria]]></category>
		<category><![CDATA[power generation]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=96859</guid>

					<description><![CDATA[<p>Power Generation Companies (GenCos) in Nigeria have expressed serious concerns about the financial and operational effects of the country’s frequent grid collapses, resulting in substantial losses. The national grid suffered&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/power-generation-companies-gencos-in-nigeria-report-massive-financial-losses-with-kainji-and-jebba-plants-alone-losing-n21-87-billion/">Power Generation Companies Raise Concerns Over Financial Impact of Grid Collapses</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li class="">Power Generation Companies (GenCos) in Nigeria report massive financial losses, with Kainji and Jebba plants alone losing N21.87 billion due to frequent grid collapses in 2024.</li>



<li class="">GenCos urge urgent reforms, including better grid management and the approval of Ancillary Services, to prevent further damage and reduce operational costs.</li>
</ul>



<p class="">Power Generation Companies (GenCos) in Nigeria have expressed serious concerns about the financial and operational effects of the country’s frequent grid collapses, resulting in substantial losses. The national<a href="https://theelectricityhub.com/nigerias-national-grid-remains-unstable-following-recent-collapses-leaving-many-areas-with-reduced-power-supply/"> grid suffered</a> 12 full or partial collapses in 2024, causing severe commercial and technical disruptions for the sector.</p>



<p class="">At a recent workshop organised by the Association of Power Generation Companies <a href="https://apgc.org.ng/">(APGC),</a> Dr Joy Ogaji, the association&#8217;s CEO, highlighted the significant damage caused by these grid failures. While the total industry impact has yet to be fully quantified, Dr Ogaji noted that the Kainji and Jebba hydroelectric plants alone had lost N21.87 billion due to system instability this year.</p>



<p class="">Dr. Ogaji explained that grid collapses pose both mechanical and commercial challenges. On the mechanical side, frequent disruptions damage critical infrastructure like generators and transformers, leading to prolonged downtimes and costly repairs. </p>



<p class="">Commercially, GenCos faces reduced revenue from lower power sales, penalties for missed deliveries, and increased operational costs. The strain on resources makes it difficult for companies to maintain and repair equipment, further undermining the stability and reliability of power supply.</p>



<p class="">Prof. Stephen Ogaji, an electricity industry expert, added that grid instability causes significant revenue losses, especially when plants cannot generate power. He pointed out that the economic impact extends beyond GenCos, affecting the entire economy that relies on stable power. </p>



<p class="">A recent study revealed massive energy losses at the Odukpani NIPP plant due to frequent shutdowns and startups, which resulted in wasted gas and reduced efficiency. The financial strain from underutilised gas resources and high operational costs could ultimately lead to the closure of some GenCos, especially those without backup contracts.</p>



<p class="">Furthermore, the thermal fatigue caused by repeated shutdowns leads to costly damage to critical components such as combustion liners, fuel nozzles, and gas turbine parts. The repair costs for these components run into millions of dollars.</p>



<p class="">Given these challenges, Dr. Ogaji called for urgent reforms, including approving Ancillary Services to provide secondary controls like Spinning Reserve. She also urged the System Operator to complete and commission the SCADA project, implement the proposed Generation Dispatch Tool (GDT), and enforce the Grid Code to improve grid stability and prevent further disruptions.</p>



<p class="">Engr. Jacob Barasuno, Operations Supervisor at Mainstream Energy, added that frequent grid collapses had caused extensive damage to equipment at the Kainji and Jebba plants, affecting GenCos&#8217; ability to meet generation targets and fulfil contractual obligations.</p>



<p class="">The calls for urgent action highlight the need for immediate interventions to prevent further damage to Nigeria&#8217;s power generation infrastructure and mitigate the escalating financial losses caused by grid instability.</p>
<p>The post <a href="https://theelectricityhub.com/power-generation-companies-gencos-in-nigeria-report-massive-financial-losses-with-kainji-and-jebba-plants-alone-losing-n21-87-billion/">Power Generation Companies Raise Concerns Over Financial Impact of Grid Collapses</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
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		<item>
		<title>Nigerians Rely Less on Generators Amid Petrol Price Surge</title>
		<link>https://theelectricityhub.com/nigerians-rely-less-on-generators-amid-petrol-price-surge/</link>
					<comments>https://theelectricityhub.com/nigerians-rely-less-on-generators-amid-petrol-price-surge/#respond</comments>
		
		<dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator>
		<pubDate>Sat, 19 Oct 2024 20:44:55 +0000</pubDate>
				<category><![CDATA[Distribution]]></category>
		<category><![CDATA[Metering]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Nigerian Senate]]></category>
		<category><![CDATA[On-Grid]]></category>
		<category><![CDATA[Prospects & Challenge]]></category>
		<category><![CDATA[Rural Electrification]]></category>
		<category><![CDATA[West Africa]]></category>
		<category><![CDATA[Adelabu]]></category>
		<category><![CDATA[energy sector]]></category>
		<category><![CDATA[mini-grids]]></category>
		<category><![CDATA[power generation]]></category>
		<category><![CDATA[Power Minister]]></category>
		<category><![CDATA[proper tariffs]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=95295</guid>

					<description><![CDATA[<p>Power Minister Adebayo Adelabu claims fewer Nigerians rely on generators despite the sharp rise in petrol prices. Speaking at the 2024 Nigeria Energy Exhibition in Lagos, Adelabu said many citizens&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/nigerians-rely-less-on-generators-amid-petrol-price-surge/">Nigerians Rely Less on Generators Amid Petrol Price Surge</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li class="">Power Minister Adebayo Adelabu claims fewer Nigerians rely on generators due to improved electricity supply despite petrol prices exceeding N1,000 per litre.</li>



<li class="">Nigeria&#8217;s power generation has increased by only 2,000 MW in 40 years, currently averaging 5,000 MW, with a peak of 5,527 MW.</li>



<li class="">The government aims to attract over $10 billion in annual investments to stabilise the power sector and plans to deploy 1.3 million meters by mid-2025.</li>
</ul>



<p class=""><a href="https://www.thisdaylive.com/index.php/2024/10/16/adelabu-claims-nigerians-no-longer-need-petrol-for-electricity-on-improved-nationwide-power-supply/">Power Minister</a> Adebayo Adelabu claims fewer Nigerians rely on generators despite the sharp rise in petrol prices. Speaking at the 2024 Nigeria Energy Exhibition in Lagos, Adelabu said many citizens no longer need generators for electricity.</p>



<p class="">With petrol now over N1,000 per litre, Adelabu noted that people have stopped complaining because they aren&#8217;t buying as much gasoline to <a href="https://theelectricityhub.com/?s=power+generators">power generators</a>. &#8220;If Nigerians still needed petrol at N1,000 for power, the outcry would be much louder,&#8221; he said.</p>



<p class="">Adelabu revealed the government&#8217;s plan to replace all generators across the country, which aligns with Lagos State’s target to phase out one million generators annually.</p>



<p class=""><strong>Power Generation Concerns</strong></p>



<p class="">Adelabu expressed disappointment over Nigeria&#8217;s slow growth in power generation. He said the country added only 2,000 megawatts (MW) to the grid in the last 40 years. &#8220;For over 200 million people, celebrating 5,000 MW is not an achievement,&#8221; Adelabu said, pointing out that current capacity averages 5,000 MW, with a peak of 5,527 MW in September.</p>



<p class=""><strong>Revenue Potential</strong></p>



<p class="">Adelabu believes the Nigerian Electricity Supply Industry (NESI) can generate between N3 trillion and N5 trillion annually with <a href="https://theelectricityhub.com/?s=proper+tariffs">proper tariffs</a>. He noted NESI earned N1 trillion in revenue in 2023 and expects to double that by the end of 2024.</p>



<p class="">He argued higher revenues would allow the sector to invest in critical infrastructure, including replacing outdated transformers and repairing power lines.</p>



<p class="">Adelabu also announced the government has started repaying debts to power-generating companies (Gencos) and gas suppliers. He disclosed that the government owes N1.3 trillion to Gencos and $1.3 billion to gas suppliers.</p>



<p class=""><strong>Investment Drive</strong></p>



<p class="">The minister outlined efforts to attract investments to the <a href="https://theelectricityhub.com/?s=energy+sector">energy sector</a>. He highlighted over $1 billion in secured funds, including $500 million from the Renewable Investment Platform Limitless Energy (RIPLE) and $750 million from the World Bank’s DARES project. The DARES program will provide over 2.5 million people with solar power through mini-grids and <a href="https://theelectricityhub.com/?s=solar+home+systems">solar home systems</a>.</p>



<p class="">Adelabu emphasised the need for $10 billion in annual investments over the next decade to stabilise the sector. He urged the private sector to play a vital role in meeting this goal.</p>



<p class=""> <strong>Grid Collapse and Power Disruptions</strong></p>



<p class="">Despite reforms, Nigeria’s power sector continues to face <a href="https://theelectricityhub.com/?s=grid+collapses">grid collapses</a>. A nationwide blackout followed a grid disturbance on Monday. The Transmission Company of Nigeria (TCN) reported the incident but assured the public it restored 90% of the grid.</p>



<p class="">Frequent power grid failures continue to disrupt supply, leading to calls for better infrastructure investments to prevent future collapses.</p>



<p class=""><strong> Metering and Local Manufacturing</strong></p>



<p class="">Power Minister Adelabu announced plans to deploy 1.3 million meters by mid-2025 as part of the Nigeria Distribution Sector Recovery Program (DISREP). This initiative aims to reduce estimated billing and increase transparency.</p>



<p class="">He also promoted local manufacturing, stating that 250,000 meters would come from Nigerian manufacturers. This move aims to create jobs and reduce reliance on imports.</p>



<p class="">In closing, Adelabu reaffirmed the government&#8217;s commitment to improving financial sustainability in the power sector through reforms and investments.</p>
<p>The post <a href="https://theelectricityhub.com/nigerians-rely-less-on-generators-amid-petrol-price-surge/">Nigerians Rely Less on Generators Amid Petrol Price Surge</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
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		<title>El Salvador Partners with Argentina to Launch Nuclear Energy Program</title>
		<link>https://theelectricityhub.com/el-salvador-partners-with-argentina-to-launch-nuclear-energy-program/</link>
					<comments>https://theelectricityhub.com/el-salvador-partners-with-argentina-to-launch-nuclear-energy-program/#respond</comments>
		
		<dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator>
		<pubDate>Fri, 04 Oct 2024 09:11:46 +0000</pubDate>
				<category><![CDATA[Carbon Emissions]]></category>
		<category><![CDATA[Energy Storage]]></category>
		<category><![CDATA[International News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Off-Grid]]></category>
		<category><![CDATA[Sustainable Development]]></category>
		<category><![CDATA[Argentina]]></category>
		<category><![CDATA[economic growth]]></category>
		<category><![CDATA[El Salvador]]></category>
		<category><![CDATA[Energy supply]]></category>
		<category><![CDATA[Nuclear technology]]></category>
		<category><![CDATA[power generation]]></category>
		<category><![CDATA[sustainable power]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=94639</guid>

					<description><![CDATA[<p>El Salvador has taken a decisive step toward diversifying its energy mix by signing an agreement with Argentina’s National Atomic Energy Commission (CNEA). This memorandum of understanding advances El Salvador&#8217;s&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/el-salvador-partners-with-argentina-to-launch-nuclear-energy-program/">El Salvador Partners with Argentina to Launch Nuclear Energy Program</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li>El Salvador and Argentina signed a memorandum to develop El Salvador&#8217;s nuclear energy program, focusing on technical exchange and training.</li>



<li>President Nayib Bukele aims to diversify the country&#8217;s energy mix, reduce import reliance, and promote sustainable development.</li>



<li>Argentina&#8217;s expertise in nuclear energy, with its decades of experience, will support El Salvador’s plans for peaceful applications in energy, agriculture, and health</li>
</ul>



<p>El Salvador has taken a decisive step toward diversifying its energy mix by signing an agreement with Argentina’s National Atomic Energy Commission (<a href="https://energynews.pro/en/argentina-el-salvador-agreement-nuclear-cooperation-to-diversify-energy/">CNEA</a>). This memorandum of understanding advances El Salvador&#8217;s goal of reducing its dependence on external energy sources.</p>



<p>CNEA President Germán Guido Lavalle and Daniel Alejandro Álvarez, Director of El Salvador’s Agency for Implementing the Nuclear Energy Program (OIPEN), signed the agreement. The partnership focuses on exchanging technical expertise, facilitating scientific visits, and training Salvadoran professionals.</p>



<p>Lavalle described the deal as “a major step in developing nuclear energy for El Salvador.” He emphasised Argentina’s commitment to providing expertise and educational support to help El Salvador build local capabilities in <a href="https://theelectricityhub.com/?s=nuclear+technology">nuclear technology</a>.</p>



<p>President Nayib Bukele recently outlined his vision to integrate nuclear power into the country’s energy system. Bukele&#8217;s administration seeks to reduce reliance on energy imports while promoting sustainable development and securing a stable <a href="https://theelectricityhub.com/?s=energy+supply">energy supply</a>.</p>



<p>During the International Atomic Energy Agency (IAEA) General Conference in Vienna, Álvarez highlighted El Salvador’s determination to diversify its energy matrix. He reiterated the country’s aim “to reduce reliance on external resources while ensuring affordable and sustainable energy in line with international standards.”</p>



<p>Argentina, a leader in nuclear energy since 1974, operates three reactors and continues building a small modular reactor. The country’s expertise, particularly in its RA-10 research reactor project, is pivotal in assisting El Salvador’s nuclear ambitions.</p>



<p>Through the agreement, Argentina will provide Salvadoran engineers with access to its research facilities and training programs. This collaboration strengthens bilateral ties and accelerates El Salvador’s nuclear energy journey.</p>



<p>El Salvador aims to apply nuclear technology beyond <a href="https://theelectricityhub.com/?s=power+generation">power generation</a>. The country plans to use it for peaceful purposes in agriculture, healthcare, and environmental management. These applications would boost economic development and address critical challenges such as food security and medical advancements.</p>



<p>By working with Argentina, El Salvador seeks to cultivate a skilled workforce capable of supporting a sustainable nuclear program. The partnership will help the country build local expertise and innovate within its <a href="https://theelectricityhub.com/?s=energy+sector">energy sector</a>.</p>



<p>Argentina’s extensive nuclear experience enables it to offer valuable technical support to El Salvador. The collaboration facilitates the exchange of knowledge essential for safely and efficiently developing atomic energy.</p>



<p>This agreement reflects the growing trend of regional cooperation in energy and technology across Latin America. El Salvador aims to establish itself as a critical player in the Latin American energy sector while securing reliable and <a href="https://theelectricityhub.com/?s=sustainable+power">sustainable power</a> for its citizens.</p>



<p>El Salvador advances its nuclear energy goals through this strategic partnership with Argentina and positions itself for future scientific and <a href="https://theelectricityhub.com/?s=economic+growth">economic growth</a>.</p>
<p>The post <a href="https://theelectricityhub.com/el-salvador-partners-with-argentina-to-launch-nuclear-energy-program/">El Salvador Partners with Argentina to Launch Nuclear Energy Program</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
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		<title>Cameroon’s Lagdo Dam Release Sparks Flood Concerns in Nigeria</title>
		<link>https://theelectricityhub.com/cameroons-lagdo-dam-release-sparks-flood-concerns-in-nigeria/</link>
					<comments>https://theelectricityhub.com/cameroons-lagdo-dam-release-sparks-flood-concerns-in-nigeria/#respond</comments>
		
		<dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator>
		<pubDate>Fri, 20 Sep 2024 10:44:46 +0000</pubDate>
				<category><![CDATA[Climate Change]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Nigerian Senate]]></category>
		<category><![CDATA[On-Grid]]></category>
		<category><![CDATA[West Africa]]></category>
		<category><![CDATA[Cameroon]]></category>
		<category><![CDATA[Fllod]]></category>
		<category><![CDATA[hydrological]]></category>
		<category><![CDATA[power generation]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=93875</guid>

					<description><![CDATA[<p>Nigeria raised concerns over Cameroon’s controlled water release from the Lagdo Dam, though hydrological authorities from both countries downplayed the risk of significant flooding. The dam, crucial for power generation,&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/cameroons-lagdo-dam-release-sparks-flood-concerns-in-nigeria/">Cameroon’s Lagdo Dam Release Sparks Flood Concerns in Nigeria</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li class="">Cameroon controlled water release from the Lagdo Dam after heavy rains and monitored it to prevent overflow into Nigeria’s Benue River.</li>



<li class="">Nigerian states fear potential flooding, but NIHSA confirmed water levels remain below danger thresholds and attributed recent floods to seasonal rains, not the dam.</li>



<li class="">Cameroon and Nigeria coordinate closely on water management to reduce flood risks and optimise water use for agriculture and power generation.</li>
</ul>



<p class="">Nigeria raised concerns over <a href="https://energynews.pro/en/lagdo-dam-risk-management-between-cameroon-and-nigeria/">Cameroon’s</a> controlled water release from the Lagdo Dam, though hydrological authorities from both countries downplayed the risk of significant flooding.</p>



<p class="">The dam, crucial for <a href="https://theelectricityhub.com/?s=power+generation">power generation</a>, released water after heavy rainfall in Cameroon and Nigeria. Officials monitor the controlled discharge to prevent overflow into the Benue River, which flows through both countries. The release manages reservoir levels and prevents the dam from overloading.</p>



<p class="">Cameroon asserts that the water release remains under control, with volumes kept within safe limits to minimise downstream flooding risks in Nigeria. Despite this, some Nigerian states expressed concerns about potential flooding, particularly in areas around the Benue River basin.</p>



<p class="">The Nigerian Hydrological Services Agency (NIHSA) responded by calming fears. NIHSA stated that Benue River water levels remain below danger thresholds, keeping the situation stable. However, NIHSA stressed the importance of staying vigilant as heavy rains persist.</p>



<p class="">NIHSA also clarified that recent flooding in Nigeria stems from seasonal rains, not from the Lagdo Dam. The agency confirmed that the dam’s controlled release had not worsened the ongoing floods.</p>



<p class="">The Benue River, which begins in Cameroon and flows into Nigeria, is a shared resource. For years, both governments prioritised cross-border cooperation to manage these waters. Cameroon and Nigeria actively coordinate water management and exchange <a href="https://theelectricityhub.com/?s=hydrological+">hydrological</a> data to limit flood risks while ensuring water supplies for agriculture, domestic needs, and power generation.</p>



<p class="">Heavy rainfall this year caused significant damage across Central and West Africa, leading to widespread flooding. While the Lagdo Dam’s water release plays a role in the current water management, authorities emphasise that seasonal rains remain the leading cause of flooding in Nigeria and neighbouring countries.</p>



<p class="">In Cameroon, torrential rains put pressure on dams, prompting controlled releases to prevent reservoir overloading. The Lagdo Dam follows strict protocols and coordinates closely with Nigerian authorities to manage these releases.</p>



<p class="">Water management in Central and West Africa faces complex challenges, balancing the needs of power generation, irrigation, and flood prevention. The Lagdo Dam is vital to Cameroon’s electricity supply and affects downstream areas, especially Nigeria.</p>



<p class="">As extreme weather strains infrastructure, coordination between Cameroon and Nigeria becomes crucial. Effective collaboration helps protect populations and ensures the proper use of shared water resources.</p>



<p class="">With seasonal rains ongoing, the risk of flooding persists. However, both countries&#8217; active dialogue and coordinated actions remain vital in managing the situation and mitigating potential impacts.</p>
<p>The post <a href="https://theelectricityhub.com/cameroons-lagdo-dam-release-sparks-flood-concerns-in-nigeria/">Cameroon’s Lagdo Dam Release Sparks Flood Concerns in Nigeria</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
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		<title>Formula 1 Teams Up with Aggreko for Low-Carbon Energy Solution</title>
		<link>https://theelectricityhub.com/formula-1-teams-up-with-aggreko-for-low-carbon-energy-solution/</link>
					<comments>https://theelectricityhub.com/formula-1-teams-up-with-aggreko-for-low-carbon-energy-solution/#respond</comments>
		
		<dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator>
		<pubDate>Fri, 06 Sep 2024 11:44:28 +0000</pubDate>
				<category><![CDATA[Carbon Emissions]]></category>
		<category><![CDATA[Energy Storage]]></category>
		<category><![CDATA[Energy Transition]]></category>
		<category><![CDATA[International News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Off-Grid]]></category>
		<category><![CDATA[Renewable Energy]]></category>
		<category><![CDATA[Renewables]]></category>
		<category><![CDATA[Sustainable Development]]></category>
		<category><![CDATA[Carbon Emission]]></category>
		<category><![CDATA[carbon net zero]]></category>
		<category><![CDATA[Formula 1]]></category>
		<category><![CDATA[power generation]]></category>
		<category><![CDATA[sustainable future]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=93141</guid>

					<description><![CDATA[<p>Formula 1 has announced a landmark multi-year partnership with Aggreko, a leader in low-carbon energy solutions, to deliver innovative energy systems at all European Grands Prix starting in the 2025&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/formula-1-teams-up-with-aggreko-for-low-carbon-energy-solution/">Formula 1 Teams Up with Aggreko for Low-Carbon Energy Solution</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li class="">Formula 1 team up with Aggreko to provide low-carbon energy systems for all European Grands Prix starting in 2025.</li>



<li class="">The system, tested at the Austrian, Hungarian, and Monza Grands Prix, has reduced carbon emissions by over 90% in critical areas.</li>



<li class="">The collaboration supports Formula 1’s commitment to achieving Net Zero by 2030 through innovative energy solutions.</li>
</ul>



<p class="">Formula 1 has announced a landmark multi-year partnership with <a href="https://biofuels-news.com/news/f1-partners-with-aggreko-to-deliver-low-carbon-power-solutions/">Aggreko</a>, a leader in low-carbon energy solutions, to deliver innovative energy systems at all European Grands Prix starting in the 2025 season. As part of this collaboration, Aggreko will be officially recognised as the energy provider for the Formula 1 series.</p>



<p class="">The partnership commenced in 2023 and saw its first significant deployment at the Austrian Grand Prix. The centralised <a href="https://theelectricityhub.com/?s=power+generation">power generation</a> system introduced at this event dramatically reduced carbon emissions by over 90% within critical areas such as the Paddock, Pit Lane, and broadcast zones compared to the previous year&#8217;s race. </p>



<p class="">This significant reduction was made possible using <a href="https://theelectricityhub.com/?s=renewable+energy+sources">renewable energy sources</a>, including hydrotreated vegetable oil (HVO), biofuel, solar panels, and advanced battery storage systems.</p>



<p class="">Following the success of the initial trial, the system was implemented again at the Red Bull Ring and later at the Hungarian Grand Prix in 2024. It has also been set up for this weekend’s race at Monza. These expanded trials consistently show substantial <a href="https://theelectricityhub.com/?s=carbon+reductions">carbon reductions</a>, affirming the system&#8217;s effectiveness. </p>



<p class="">Consequently, starting in 2025, this innovative energy solution will be deployed across all European Grand Prix, reflecting Formula 1’s commitment to sustainability.</p>



<p class="">Ellen Jones, Head of ESG at Formula 1, emphasized the importance of this initiative, stating, “Our entire paddock is committed to achieving Net Zero by 2030. Introducing this low-carbon energy generation system is a crucial component of that goal. </p>



<p class="">By combining cutting-edge technology with coordinated action, we are demonstrating how we can reduce the environmental impact of our events and move towards a more sustainable future.”</p>



<p class="">Robert Wells, President of Aggreko Europe and Aggreko Event Services, expressed his enthusiasm for the partnership, saying, “Aggreko has a long-standing reputation for delivering power solutions in some of the world’s most demanding and challenging environments. </p>



<p class="">&#8220;We are honoured to support Formula 1&#8217;s ambitious journey towards <a href="https://theelectricityhub.com/?s=carbon+net+zero">carbon net zero</a> by 2030. This partnership highlights our role in the global energy transition and our commitment to providing innovative solutions that drive positive change.”</p>



<p class="">The partnership with Aggreko represents a significant step forward in Formula 1’s sustainability efforts. It showcases how major sporting events can adopt and benefit from advanced energy technologies, setting a new standard for environmental responsibility in the industry. </p>



<p class="">As Formula 1 continues to lead the way in sustainability, this collaboration with Aggreko marks a pivotal moment in pursuing a greener, more <a href="https://theelectricityhub.com/?s=sustainable+future">sustainable future</a> for motorsport.</p>
<p>The post <a href="https://theelectricityhub.com/formula-1-teams-up-with-aggreko-for-low-carbon-energy-solution/">Formula 1 Teams Up with Aggreko for Low-Carbon Energy Solution</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
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		<title>Engie SA’s Hybrid Power Plant: Key Step for Renewable Energy</title>
		<link>https://theelectricityhub.com/engie-sas-hybrid-power-plant-key-step-for-renewable-energy/</link>
					<comments>https://theelectricityhub.com/engie-sas-hybrid-power-plant-key-step-for-renewable-energy/#respond</comments>
		
		<dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator>
		<pubDate>Thu, 05 Sep 2024 12:10:22 +0000</pubDate>
				<category><![CDATA[Carbon Emissions]]></category>
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		<category><![CDATA[Clean Energy]]></category>
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		<category><![CDATA[Engie SA]]></category>
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		<category><![CDATA[power generation]]></category>
		<category><![CDATA[Solar Energy]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=93057</guid>

					<description><![CDATA[<p>French utility company Engie SA has launched a 57-MW hybrid renewable energy facility in Romania&#8217;s Braila County. The project combines wind and solar power and is one of Romania’s first&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/engie-sas-hybrid-power-plant-key-step-for-renewable-energy/">Engie SA’s Hybrid Power Plant: Key Step for Renewable Energy</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li>Engie SA has inaugurated a 57-MW hybrid wind and solar facility in Braila County, Romania. </li>



<li>The hybrid plant, featuring 17,100 bifacial solar panels on metal trackers, is expected to generate 140 GWh of electricity annually, sufficient for over 46,800 households.</li>



<li>This project raises Engie Romania’s total wind and solar capacity to 211 MW and is the country’s first hybrid renewable power plant.</li>
</ul>



<p>French utility company Engie SA has launched a 57-MW hybrid renewable energy facility in <a href="https://renewablesnow.com/news/engie-romania-unveils-57-mw-wind-solar-hybrid-867923/">Romania&#8217;s Braila County</a>. The project combines wind and solar power and is one of Romania’s first hybrid plants.</p>



<p>Engie Romania, the group&#8217;s local subsidiary, added a 9.3-MWp <a href="https://theelectricityhub.com/?s=solar+photovoltaic">solar photovoltaic</a> (PV) plant to its 47.5-MW wind farm in the Gemenele commune. The solar plant, built on a 14-hectare site, features 17,100 bifacial solar panels mounted on metal trackers.</p>



<p>The hybrid facility is connected to a single grid point, allowing the wind and solar plants to operate together. The combined facility will generate approximately 140 GWh of electricity annually to power more than 46,800 households.</p>



<p>The project brings Engie Romania’s total wind and solar capacity to 211 MW. It is also Engie&#8217;s first hybrid renewable power plant in the country.</p>



<p>Solar addition aims to maximise energy output while balancing generation from wind. The bifacial panels can absorb light from both sides and increase <a href="https://theelectricityhub.com/?s=energy+efficiency">energy efficiency</a>. The metal trackers help the panels follow the sun’s position for optimal energy capture throughout the day.</p>



<p>The facility is expected to provide more consistent <a href="https://theelectricityhub.com/?s=power+generation">power generation</a> by integrating wind and solar energy. This mix helps balance the intermittency of wind and solar energy, creating a more stable supply for the grid.</p>



<p>The Gemenele project highlights Romania’s growing commitment to renewable energy. Romania has been increasing its investments in <a href="https://theelectricityhub.com/?s=clean+energy">clean energy</a> as it transitions away from <a href="https://theelectricityhub.com/?s=fossil+fuels">fossil fuels</a>. This project supports the country’s energy diversification efforts and aligns with the European Union’s push for greener energy solutions.</p>



<p>Engie’s project is part of the company’s broader strategy to expand its renewable energy portfolio. The group has been ramping up investments in European <a href="https://theelectricityhub.com/?s=clean+energy+projects">clean energy projects</a>, focusing on solar, wind, and hybrid solutions. This latest development reinforces Engie’s commitment to achieving its global <a href="https://theelectricityhub.com/?s=sustainability+goals">sustainability goals</a>.</p>



<p>The company has several other renewable energy projects in Romania, and the new hybrid facility strengthens its presence in the country’s clean energy sector. Engie Romania’s CEO hailed the project as a milestone in the company’s efforts to support Romania’s energy transition.</p>



<p>The Gemenele hybrid plant is expected to reduce Romania&#8217;s carbon emissions and increase the share of renewable energy in its national grid. The project also underscores the growing importance of hybrid energy solutions in meeting global <a href="https://theelectricityhub.com/?s=energy+demands+sustainably">energy demands sustainably</a>.</p>



<p>With the new facility, Engie SA is well-positioned to contribute to Romania’s renewable energy goals and the broader European green agenda. As the country continues to adopt renewable energy, projects like the Gemenele hybrid plant are expected to play a crucial role in ensuring <a href="https://theelectricityhub.com/?s=energy+security">energy security</a> and sustainability.</p>



<p>Engie’s investment in hybrid energy projects sets a benchmark for other energy companies looking to develop efficient, <a href="https://theelectricityhub.com/?s=sustainable+energy+systems">sustainable energy systems</a>. The success of this project may encourage further developments in hybrid energy across Romania and beyond.</p>
<p>The post <a href="https://theelectricityhub.com/engie-sas-hybrid-power-plant-key-step-for-renewable-energy/">Engie SA’s Hybrid Power Plant: Key Step for Renewable Energy</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
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		<title>Zimbabwe to Maintain Power Generation Amid Water Shortages</title>
		<link>https://theelectricityhub.com/zimbabwe-will-continue-power-generation-from-the-kariba-hydro-power-station-despite-low-water-levels-while-zambia-plans-to-suspend-its-operations/</link>
					<comments>https://theelectricityhub.com/zimbabwe-will-continue-power-generation-from-the-kariba-hydro-power-station-despite-low-water-levels-while-zambia-plans-to-suspend-its-operations/#comments</comments>
		
		<dc:creator><![CDATA[Niniola Odeyemi]]></dc:creator>
		<pubDate>Thu, 05 Sep 2024 10:18:58 +0000</pubDate>
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		<guid isPermaLink="false">https://theelectricityhub.com/?p=93078</guid>

					<description><![CDATA[<p>Despite ongoing challenges due to low water levels, Zimbabwe will continue generating power from the Kariba Hydro-Power Station through the end of the year. This assurance comes as Zambia, which&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/zimbabwe-will-continue-power-generation-from-the-kariba-hydro-power-station-despite-low-water-levels-while-zambia-plans-to-suspend-its-operations/">Zimbabwe to Maintain Power Generation Amid Water Shortages</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li class="">Zimbabwe will continue power generation from the Kariba Hydro-Power Station despite low water levels, while Zambia plans to suspend its operations from the dam due to the drought.</li>



<li class="">The Zimbabwean government is pushing for renewable energy projects by significant power consumers to conserve water and improve energy availability.</li>
</ul>



<p class="">Despite ongoing challenges due to low water levels, Zimbabwe will continue generating power from the Kariba Hydro-Power Station through the end of the year. This assurance comes as Zambia, which shares the Kariba Dam, plans to halt its power generation later this month due to an El Niño-induced drought affecting water levels in the dam.</p>



<p class="">The Zambezi River Authority (ZRA), responsible for managing <a href="https://theelectricityhub.com/zambia-zimbabwe-face-energy-woes-worsened-by-drought/">power generation</a> at Kariba for Zimbabwe and Zambia, has reported that only eight per cent of the available water is suitable for power generation. This severe shortage has raised concerns about sustaining energy production in the region.</p>



<p class="">Energy and Power Development Minister Edgar Moyo confirmed that Zimbabwe has not reached the limit of its power generation capacity and will maintain its current production levels. However, some load shedding might occur due to water scarcity. </p>



<p class="">Zimbabwe is generating approximately 215 megawatts (MW) from its installed capacity of over 1,000 MW. The country also relies on thermal power stations in Hwange to balance the power supply.</p>



<p class="">Looking ahead, Zimbabwe is optimistic that the upcoming La Niña rainy season will improve water levels in Lake Kariba and enhance its power generation capacity. The Southern Africa Regional Climate Outlook Forum <a href="https://www.sadc.int/latest-news/sadc-host-29th-southern-africa-climate-outlook-forum-sarcof-29-and-sadc-sub-sectoral">(Sarcof-29)</a> has forecasted normal to above-normal rainfall for the 2024/25 rainy season, which could alleviate some current water shortages.</p>



<p class="">In response to the energy challenges, the Zimbabwean government has mandated ferrochrome smelting companies, major consumers of the country’s power, to develop their renewable energy sources. This directive aims to conserve water and increase the available power for other sectors. </p>



<p class="">Ferrochrome producers have until the end of 2025 to complete their renewable energy projects, after which they will be disconnected from the national grid. This move is expected to free up approximately 20 per cent of the country’s power for other uses.</p>



<p class="">Minister Moyo also encouraged other sectors to invest in renewable energy, highlighting that Zimbabwe&#8217;s Renewable Energy Policy facilitates the import of solar equipment duty-free to promote renewable sources. By boosting investments in renewable energy, Zimbabwe aims to enhance its energy security and manage its resources more effectively amid ongoing challenges.</p>
<p>The post <a href="https://theelectricityhub.com/zimbabwe-will-continue-power-generation-from-the-kariba-hydro-power-station-despite-low-water-levels-while-zambia-plans-to-suspend-its-operations/">Zimbabwe to Maintain Power Generation Amid Water Shortages</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
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		<title>Accugas Invests $45M to Boost Gas Supply In Nigeria</title>
		<link>https://theelectricityhub.com/accugas-invests-45m-to-boost-gas-supply-in-nigeria/</link>
					<comments>https://theelectricityhub.com/accugas-invests-45m-to-boost-gas-supply-in-nigeria/#comments</comments>
		
		<dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator>
		<pubDate>Fri, 23 Aug 2024 07:54:35 +0000</pubDate>
				<category><![CDATA[Carbon Emissions]]></category>
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		<category><![CDATA[On-Grid]]></category>
		<category><![CDATA[West Africa]]></category>
		<category><![CDATA[Accugas]]></category>
		<category><![CDATA[Energy Security]]></category>
		<category><![CDATA[gas]]></category>
		<category><![CDATA[gas market]]></category>
		<category><![CDATA[Nigeria]]></category>
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		<category><![CDATA[transition fuel]]></category>
		<guid isPermaLink="false">https://theelectricityhub.com/?p=92180</guid>

					<description><![CDATA[<p>Accugas Limited, a subsidiary of Savannah Energy, has invested $45 million in a new compression system at its Uquo facility. The system features two parallel trains with a combined capacity&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/accugas-invests-45m-to-boost-gas-supply-in-nigeria/">Accugas Invests $45M to Boost Gas Supply In Nigeria</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li>Accugas invests $45 million in a new gas compression system at its Uquo facility, boosting export capacity and pressure.</li>



<li>Minister of Power Adebayo Adelabu commends Savannah Energy&#8217;s contributions to Nigeria&#8217;s energy sector and urges other companies to follow suit.</li>



<li>Accugas supplies 80% of its gas to power generation, supporting 20% of Nigeria&#8217;s thermal power capacity and 10% of cement production.</li>
</ul>



<p>Accugas Limited, a subsidiary of <a href="https://leadership.ng/accugas-invests-45m-to-advance-nigerias-gas-infrastructure/">Savannah Energy</a>, has invested $45 million in a new compression system at its Uquo facility. The system features two parallel trains with a combined capacity of 320 million standard cubic feet per day (MMscfpd) and will boost gas export pressure to 81 bar gauge. Accugas plans to bring the project online later this year.</p>



<p>This investment marks a crucial step in Accugas&#8217; ongoing efforts to ensure a reliable gas supply for its customers. The Uquo facility plays a vital role in Nigeria&#8217;s energy sector, with Accugas focusing on domestic gas consumption. The company developed a 200 MMscfpd processing facility supported by a 260km pipeline network that serves only the domestic market.</p>



<p>During a visit to the Uquo Central Processing Facility, the Minister of Power, Chief Adebayo Adelabu, praised Savannah Energy Nigeria&#8217;s Managing Director, Pade Durotoye, for the company’s commitment to Nigeria&#8217;s energy transition. Durotoye emphasised the importance of natural gas as a <a href="https://theelectricityhub.com/?s=transition+fuel">transition fuel</a>, particularly for power generation.</p>



<p>Accugas supplies 80% of its gas to <a href="https://theelectricityhub.com/?s=power+generation">power generation</a> companies, contributing to about 20% of Nigeria&#8217;s thermal power capacity. Additionally, the gas provided by Accugas supports approximately 10% of the country&#8217;s cement production.</p>



<p>Minister Adelabu commended Savannah Energy’s significant investments in Nigeria&#8217;s energy sector and noted their positive impact on the domestic <a href="https://theelectricityhub.com/?s=gas+market">gas market</a>. He described the Uquo facility as a strong indicator of Savannah Energy&#8217;s confidence in Nigeria&#8217;s economy. He urged other companies in the gas industry to follow Accugas&#8217; example to help solve Nigeria’s power challenges.</p>



<p>&#8220;We urge other companies to emulate Accugas so that we can resolve our gas supply challenges,&#8221; Adelabu said. &#8220;Accugas has been tried, tested, and trusted. Their investment in a new compressor to increase pressure is significant, and we appreciate it. We will continue to partner with them.&#8221;</p>



<p>The minister also recognised Accugas&#8217;s social impact, including job creation and corporate social responsibility projects. He encouraged the company to expand its operations to increase domestic <a href="https://theelectricityhub.com/?s=gas+supply">gas supply</a>.</p>



<p>In response, Durotoye reiterated Accugas&#8217; dedication to supporting the federal government&#8217;s energy goals. He highlighted the company’s commitment to ensuring all its gas serves the domestic market, boosting local power generation and industrial production.</p>



<p>Accugas continues strengthening its role in Nigeria&#8217;s energy landscape as it prepares to bring the new compression system online. The investment enhances the company’s market position and supports Nigeria’s goal of achieving a more reliable and sustainable energy supply.</p>



<p>The project at Uquo forms part of Savannah Energy&#8217;s broader strategy to invest in infrastructure that meets Nigeria&#8217;s growing energy needs. With the completion of the compression system later this year, Accugas plans to increase its contribution to the country’s <a href="https://theelectricityhub.com/?s=energy+security">energy security</a>.</p>
<p>The post <a href="https://theelectricityhub.com/accugas-invests-45m-to-boost-gas-supply-in-nigeria/">Accugas Invests $45M to Boost Gas Supply In Nigeria</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
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		<title>UK Government to Announce NSIP Threshold Changes</title>
		<link>https://theelectricityhub.com/uk-government-to-announce-nsip-threshold-changes/</link>
					<comments>https://theelectricityhub.com/uk-government-to-announce-nsip-threshold-changes/#respond</comments>
		
		<dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator>
		<pubDate>Thu, 01 Aug 2024 04:40:35 +0000</pubDate>
				<category><![CDATA[Energy Storage]]></category>
		<category><![CDATA[International News]]></category>
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		<category><![CDATA[Onshore wind]]></category>
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		<guid isPermaLink="false">https://theelectricityhub.com/?p=90740</guid>

					<description><![CDATA[<p>The United Kingdom Ministry for Housing, Communities, and Local Government will release the results of its consultation on nationally significant infrastructure projects (NSIPs). This consultation focuses on adjusting the threshold&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/uk-government-to-announce-nsip-threshold-changes/">UK Government to Announce NSIP Threshold Changes</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li class="">The Ministry for Housing, Communities, and Local Government will announce changes to the NSIP thresholds, currently set at 50MW, that affect project designations.</li>



<li class="">Gareth Phillips from Pinsent Masons LLP highlights the 50-200MW range as a costly &#8220;planning dead zone&#8221; for solar projects.</li>



<li class="">The Labour government aims to reduce bureaucratic delays with its Great British Energy company and considers uniform thresholds for all energy technologies.</li>
</ul>



<p class="">The United Kingdom Ministry for Housing, Communities, and Local Government will release the results of its consultation on nationally significant <a href="https://theelectricityhub.com/?s=infrastructure+projects">infrastructure projects</a> (NSIPs). This consultation focuses on adjusting the threshold for projects considered nationally significant.</p>



<p class="">Currently, the threshold sits at 50MW. Developers have proposed many projects below this limit, at 49MW, to avoid NSIP designation. Industry groups remain divided on whether to change the threshold, and evidence does not strongly support a change.</p>



<p class="">Gareth Phillips, head of client relationships for the global <a href="https://theelectricityhub.com/?s=energy+sector">energy sector</a> at Pinsent Masons LLP, said the 50-200MW range has become a “planning dead zone” for solar projects. Developers found the cost of seeking consent through the NSIP process too high, which affected project viability.</p>



<p class="">A RenewableUK, CPRE, and Aldersgate Group report criticised the NSIP process as ineffective for projects barely exceeding the 50MW threshold. Phillips noted that the rise in solar NSIPs in the 100-200MW range over recent years shows that DCO costs are becoming more manageable.</p>



<p class="">The NSIP regime offers more certainty on approval timelines than the Town and Country Planning Act regime. This latter system often has inconsistencies, with conflicts between local planning authorities and the planning inspectorate.</p>



<p class="">Raising the NSIP threshold might slow project deployment due to local-level political hurdles. While the Secretary of State’s power to “call in” planning decisions might help in some cases, it does not provide a comprehensive solution.</p>



<p class="">Phillips argued against varying thresholds for different technologies. He said, “The power generation and its contribution to national needs should determine NSIP status, not the type of technology.” He questioned why 100MW of <a href="https://theelectricityhub.com/?s=onshore+wind">onshore wind</a> would be considered nationally significant but the same amount from solar would not.</p>



<p class="">The Labour government has promised to reduce bureaucratic red tape through its state-owned Great British Energy company. The NSIP consultation also considers different thresholds for various technologies.</p>



<p class="">Phillips believes a uniform threshold for all generating technologies makes more sense. He stressed that a project&#8217;s significance should depend on its <a href="https://theelectricityhub.com/?s=power+generation">power generation</a> and contribution to national needs rather than the specific technology used.</p>



<p class="">The release of the consultation results will likely impact the future of large-scale <a href="https://theelectricityhub.com/?s=renewable+energy">renewable energy</a> projects. Developers and industry groups will closely monitor any threshold changes and how these might affect project viability and deployment.</p>
<p>The post <a href="https://theelectricityhub.com/uk-government-to-announce-nsip-threshold-changes/">UK Government to Announce NSIP Threshold Changes</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
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		<title>Involve Private Sector in Energy Sector- Expert Urges FG</title>
		<link>https://theelectricityhub.com/involve-private-sector-in-energy-sector-expert-urges-fg/</link>
					<comments>https://theelectricityhub.com/involve-private-sector-in-energy-sector-expert-urges-fg/#respond</comments>
		
		<dc:creator><![CDATA[Blessing Afolabi]]></dc:creator>
		<pubDate>Tue, 11 Jun 2024 16:08:48 +0000</pubDate>
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		<guid isPermaLink="false">https://theelectricityhub.com/?p=88458</guid>

					<description><![CDATA[<p>An energy expert has called on the federal government to involve private sector stakeholders and create an enabling environment for business. The Company Secretary of Tetracore Energy Group Limited, Okezi&#8230; </p>
<p>The post <a href="https://theelectricityhub.com/involve-private-sector-in-energy-sector-expert-urges-fg/">Involve Private Sector in Energy Sector- Expert Urges FG</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="">An energy expert has called on the federal government to involve private sector stakeholders and create an enabling environment for business.</p>



<p class="">The Company Secretary of Tetracore Energy Group Limited, Okezi Okah-Avae, stated this during an interview on Channels TV on Monday, June 10 2024, while discussing tackling Nigeria&#8217;s Power and Energy Challenges.</p>



<p class="">He stressed that before the tariff increase, the government should have put proper infrastructure in place since the payment should be based on customers paying for what they use. He said the tariff increase should have been gradual, not a fast shoot-up to over 200.</p>



<p class="">The Electricity Hub <a href="https://theelectricityhub.com/nerc-approves-electricity-tariff-increase-by-240/">reported</a> that on April 3, 2024, the federal government, through the Nigerian Electricity Regulatory Commission (NERC), increased tariffs for Band A customers to N225 per kilowatt-hour (kWh), which it later revised in May to <a href="https://theelectricityhub.com/discos-align-as-nerc-slashes-electricity-tariff-to-n206-per-kwh/">N206.8/ kWh</a>.</p>



<p class="">As a result of this, experts, sector stakeholders, and electricity customers have aired divided views on the increase in electricity tariffs. Some in support of the increase while others against it. Those on the latter side have argued that the government should have utilised its Multi-Year Tariff Order (MYTO) in implementing the tariff increase.</p>



<p class="">Okah-Avae stated, “<em>There is what we call the MYTO, which is the Multi-Year Tariff Order, which allows for a gradual review of electricity tariffs. There should have been proper stakeholder management before the tariff was increased. The government must deliver reliable power if it has to set the tariff high. It&#8217;s a no-brainer that a country with a good power system will develop properly</em>.</p>



<p class="">“<em>The government should allow the private sector to invest in energy through the right policies, regulatory framework, and systems. Friendly policies should encourage business, encourage the private sector, encourage collaboration between the public and private sectors, and put a system in place for investor confidence</em>,” he added.</p>



<p class="">Tetracore, an integrated energy solutions provider focused on natural gas delivery, recently <a href="https://theelectricityhub.com/tetracore-unveils-advanced-efficient-cng-facility/">commissioned</a> a 3.1 million scoff cf of gas CNG plant and a 10 million scoff LNG plant in Ogun State. The firm focuses on gas because it is cleaner, more environmentally friendly than fossil fuels, and more abundant in Nigeria.</p>
<p>The post <a href="https://theelectricityhub.com/involve-private-sector-in-energy-sector-expert-urges-fg/">Involve Private Sector in Energy Sector- Expert Urges FG</a> appeared first on <a href="https://theelectricityhub.com"></a>.</p>
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