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<p>Nigeria&#8217;s electricity regulator, NERC has approved a five-year Performance Improvement Plan and Capital Expenditure benchmark for distribution companies.</p>


NERC approves five-year performance improvement plan for power distributors

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<p>The Nigerian government has rejected the World Bank’s report on the state of Nigeria’s power sector arguing that it is unclear what empirical evidence the global lender deployed to arrive at their figures. In the report, the World Bank noted that 78 per cent of consumers in Nigeria received less than 12 hours of electricity supply daily and stressed that businesses lose $29 billion annually over unreliable power supply. George Etomi, Director of Eko Electricity Distribution Company joins CNBC Africa for more.</p>


Nigeria rejects World Bank report on its power sector

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<p>Nigeria is looking to spend about three billion dollars on the energy sector within the next two years and plans to end electricity subsidies by the end of the year. This comes as Nigeria is aiming to generate 9,000 Mega Watts of on-grid power from renewable energy sources by 2030, Oti Ikomi,  CEO &#038; Executive Vice-Chairman of Proton Energy joins CNBC Africa for more.</p>


How Nigeria can scale through its power sector hurdles

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<p>Nigeria plans to collaborate with Egypt to overhaul its power grid and distribution systems as part of the Presidential Power Initiative with German engineering company Siemens AG. Joining CNBC Africa to discuss this and other developments in Nigeria’s Power sector is Oti Ikomi, CEO and Executive Vice-Chairman of Proton Energy.</p>


Nigeria to collaborate with Egypt on power reforms

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<p>The Leader for Energy and Utilities Resources at PwC Nigeria, Pedro Omontuemhen, says the vision for Nigeria’s power sector is stable electricity supply which can be achieved via an effective collaboration that harmonises the interests of the different stakeholders across the value chain. Omontuemhen joins CNBC Africa’s Kenneth Igbomor for more.</p>


How to harmonise stakeholders interest in Nigeria’s power value chain

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<p>The Nigerian Electricity Regulatory Commission (NERC) has ordered the electricity distribution companies in Nigeria to suspend the implementation of the new electricity tariffs they introduced on September 1, for two weeks. Former DG of the NERC, Sam Amadi joins CNBC Africa’s Christy Cole to discuss latest power sector developments in Nigeria.</p>


NERC orders DisCos to suspend new electricity tariffs for two weeks

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<p>Nigeria&#8217;s power sector faces many challenges from capacity complications to liquidity issues which have led to renewed calls by the Senate for a review of the power sector privatisation process. But how will the Gas Transportation Network Code which expected to come on board in August impact    Nigeria&#8217;s power sector&#8217;s delivery going forward? Christopher Ezeafulukwe, MD &#038; CEO of Transcorp Power joins CNBC Africa for more.</p>


Transcorp’s Ezeafulukwe on what Nigeria’s gas transportation network code means for the power sector

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<p>In response to Covid-19 realities Nigeria’s electricity regulators shelved an initially planned April tariff hike by another three months. This comes as talks that the country plans to cap electricity tariff shortfalls this year to 380 billion naira and to move to full cost-reflective tariff in 2021. Oti Ikomi, CEO and Executive Vice-Chairman Proton Energy, joins CNBC Africa to discuss stakeholders’ responses and further sectorial impact.</p>


Proton Energy CEO on COVID-19 & its impact on Nigeria’s power sector reforms

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Is Nigeria’s 2019/2020 Tariff Order meeting set objectives? The CEO and Executive Vice-Chairman of Proton Energy, Oti Ikomi joins CNBC Africa to assess its impact and talk projections as the Nigeria’s power sector gears for possible commencement of implementation of a new tariff regime in April.</p>


Is the 2019/2020 Tariff Order helping Nigeria’s power market?

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Dallas Peavey, Group Chief Operating Officer for Armese Power Solutions says the Meter Asset Providers are the go-between the distribution companies and the customers. In this interview, he discusses the challenges in bridging the metering gap in Nigeria’s power sector and plans to adopt smart meters.</p>


How to fix to Nigeria’s metering problem

How to fix Nigeria’s metering problem

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Following controversies trailing Nigeria&#8217;s power sector with power distribution companies taking most of the heat, Director, Eko Distribution Company, George Etomi, says the sector’s privatisation agenda would flourish once the government takes a step back. This comes as the Association of Nigerian Electricity Distributors (ANED) say they will resist any attempt to hand over their assets.</p>


Privatisation opened up Nigeria’s power sector

Privatisation opened up Nigeria’s power sector, diversified economy, says Eko Electric’s George Etomi


<p>JOHANNESBURG (Reuters) &#8211; South Africa’s Eskom has offered some managers voluntary severance packages, capping costs at 400 million rand ($26.8 million), a communique sent to staff by the struggling power utility showed.</p>



<p>Eskom does not generate enough cash to cover its mammoth debt servicing costs and expects to make a loss of around 20 billion rand this financial year.</p>



<p>The severance packages are open to managerial employees in non-core positions as well as managers from 60 to 62 years old, according to the communique, which was dated Feb. 6.</p>



<p>Eskom spokesman Sikonathi Mantshantsha declined to comment.</p>



<p>Analysts have long said that Eskom should cut its bloated workforce of more than 46,000 staff.</p>



<p>Under pressure from trade unions, South African President Cyril Ramaphosa said last year that voluntary severance packages would be the preferred method to cut costs at Eskom, rather than layoffs.</p>



<p>Eskom said in the communique that staff could apply for the severance packages from the third week of February, with employee exits planned for the end of April.</p>



<p>Eskom also offered voluntary severance packages in 2015.</p>



<p>($1 = 14.9245 rand)</p>



<p>Reporting by Alexander Winning; editing by Jason Neely</p>


South Africa’s Eskom plans to spend up to $27 million on severance packages


<p>CAPE TOWN (Reuters) &#8211; South Africa is planning to create a new power generating company separate from struggling state-owned utility Eskom to boost energy security, senior officials said on Thursday.</p>



<p>Eskom, which generates more than 90% of the country’s electricity, is mired in financial crisis and suffers frequent breakdowns at its coal-fired power plants, forcing it to implement power cuts that have dented economic output.</p>



<p>Eskom’s problems have been a major concern among investors at industry conference the Mining Indaba this week.</p>



<p>“There is going to be a separate entity to Eskom, but the issue is not Eskom or no Eskom, the issue is security of energy supply,” Mineral Resources and Energy Minister Gwede Mantashe said on the sidelines of the conference in Cape Town.</p>



<p>Details surrounding the plan for the new generating company are still hazy.</p>



<p>Mantashe said he wanted industry to partner with the government on its formation, but it is not clear what that partnership would entail. It is also not clear which generating technologies it would employ.</p>



<p>Director-general in the Department of Mineral Resources, Thabo Mokoena, echoed Mantashe’s comment that the main aim of the new company would be to improve energy security but did not elaborate further.</p>



<p>Reporting by Tanisha Heiberg; Editing by Alexander Winning and Mark Potter</p>


South Africa plans to create new generating firm to boost power security, what you need to know

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<p>Executive Secretary of REN21, Rana Adib says there are opportunities for cities to drive renewable energy uptake in the power sector. She joins CNBC Africa’s Esther Awoniyi to discuss the global status of renewables.</p>


REN21 Exec Rana Adib assesses global status of renewable energy in power sector


<p>ACCRA, Oct 23 (Reuters) &#8211; The United States has cancelled $190 million in grants to Ghana under the &#8220;Power Africa&#8221; initiative in response to the Ghanaian government&#8217;s termination of a contract with a private utility provider, the U.S. embassy said.</p>



<p>The Millennium Challenge Corporation (MCC), a U.S. government foreign assistance agency, agreed in 2014 to provide $498 million in funding to Ghana&#8217;s power sector to help stimulate further private investment.</p>



<p>The financing was the largest by the United States under Power Africa, which was launched in 2013 by then president Barack Obama and aims to bring electricity to tens of millions of households in Africa.</p>



<p>One reform under the agreement involved handing over operations at state-run Electricity Company of Ghana (ECG) in March to Ghana Power Distribution Services (PDS), a consortium led by Philippine electricity company Meralco.</p>



<p>But Ghana&#8217;s finance minister informed U.S. officials on Saturday that the government was cancelling the 20-year concession it had signed with PDS, saying payment guarantees provided were not satisfactory.</p>



<p>In a statement on Tuesday, the U.S. embassy said the decision to terminate the contract was unjustified and that the MCC was therefore cancelling $190 million in grants.</p>



<p>The remaining $308 million will still be disbursed.</p>



<p>&#8220;The United States underscores the importance of contract sanctity as essential to a conducive investment climate and a pre-condition for inclusive economic growth,&#8221; it said.</p>



<p>Ghana&#8217;s Information Minister Kojo Oppong Nkrumah told reporters on Wednesday that the U.S. announcement did not represent &#8220;a crisis of confidence&#8221; between the two governments.</p>



<p>&#8220;It has been a difference in opinion which we have mutually agreed to respect,&#8221; he said.</p>



<p>Meralco did not immediately respond to a request for comment. </p>



<p>(Reporting by Christian Akorlie; Writing by Juliette Jabkhiro; Editing by Aaron Ross and Jan Harvey)</p>


This West African country has lost $190 million U.S. grant over cancelled power contract

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<p>As Nigerians await President Buhari&#8217;s budget presentation before a joint session of the National Assembly, we find out what areas are pertinent to the power sector. For this discussion, George Etomi, Director of Eko Electricity Distribution Company joins CNBC Africa.</p>


What to look out for in Nigeria’s power sector ahead of 2020 budget

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<p>Amidst talks of a further divestment in Nigeria&#8217;s power sector, International Finance Corporation&#8217;s Nigeria Country Manager, Eme Essien Lore says the country needs a plan of action on how Discos can over time become financially sustainable. To discuss divestment, stranded power, and a failed social contract within Nigeria&#8217;s power sector, Eme Essien Lore joins CNBC Africa&#8217;s Christy Cole for more.</p>


power sector

NERC approves five-year performance improvement plan for power distributors

Nigeria rejects World Bank report on its power sector

How Nigeria can scale through its power sector hurdles

Nigeria to collaborate with Egypt on power reforms

How to harmonise stakeholders interest in Nigeria’s power value chain

NERC orders DisCos to suspend new electricity tariffs for two weeks

Transcorp’s Ezeafulukwe on what Nigeria’s gas transportation network code means for the power sector

Proton Energy CEO on COVID-19 & its impact on Nigeria’s power sector reforms

Is the 2019/2020 Tariff Order helping Nigeria’s power market?

How to fix Nigeria’s metering problem

Privatisation opened up Nigeria’s power sector, diversified economy, says Eko Electric’s George Etomi

South Africa’s Eskom plans to spend up to $27 million on severance packages

South Africa plans to create new generating firm to boost power security, what you need to know

REN21 Exec Rana Adib assesses global status of renewable energy in power sector

This West African country has lost $190 million U.S. grant over cancelled power contract

What to look out for in Nigeria’s power sector ahead of 2020 budget

Nigeria’s power sector in need of recapitalisation amid disinvestment threat

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Advertise With Us

power sector

NERC approves five-year performance improvement plan for power distributors

Nigeria rejects World Bank report on its power sector

How Nigeria can scale through its power sector hurdles

Nigeria to collaborate with Egypt on power reforms

How to harmonise stakeholders interest in Nigeria’s power value chain

NERC orders DisCos to suspend new electricity tariffs for two weeks

Transcorp’s Ezeafulukwe on what Nigeria’s gas transportation network code means for the power sector

Proton Energy CEO on COVID-19 & its impact on Nigeria’s power sector reforms

Is the 2019/2020 Tariff Order helping Nigeria’s power market?

How to fix Nigeria’s metering problem

Privatisation opened up Nigeria’s power sector, diversified economy, says Eko Electric’s George Etomi

South Africa’s Eskom plans to spend up to $27 million on severance packages

South Africa plans to create new generating firm to boost power security, what you need to know

REN21 Exec Rana Adib assesses global status of renewable energy in power sector

This West African country has lost $190 million U.S. grant over cancelled power contract

What to look out for in Nigeria’s power sector ahead of 2020 budget

Nigeria’s power sector in need of recapitalisation amid disinvestment threat

News Tips

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