Nigeria experienced a significant drop in electricity generation, with a decrease of 16.4% to 3,501.20 megawatts (MW) from the previous week’s 4,187.6 MW. This decline can be attributed to various factors, including the poor condition of power plants and a shortage of gas supply to thermal plants. As a result, the Electricity Distribution Companies (DISCOs) have resorted to load shedding to ensure that the limited electricity is distributed to as many people as possible at different times.In other news, the Nigerian Electricity Regulatory Commission (NERC) has received rate review applications from eleven DISCOs. These requests are based on the need to adjust rates to account for changes in macroeconomic factors and other variables that affect the quality, operations, and sustainability of the companies.Meanwhile, Powercom Smart Grid Nigeria (PSGN) has recently acquired Kano Electricity Distribution Plc (KEDCO). PSGN, a subsidiary of Powercom, specializes in providing end-to-end solutions for Smart Grid/Smart Metering. The acquisition presents a significant opportunity for KEDCO to implement a comprehensive turnaround plan aimed at enhancing performance and efficiency.PSGN’s plan includes upgrading the existing distribution grid into a modern platform, addressing areas such as revenue enhancement, energy loss reduction, debt recovery, outage reduction, grid optimization, asset recording and protection, peak load management, workforce automation, operational cost reduction, and improved customer service. Their solution also incorporates a vending platform and a control room with GIS visualization for effective grid management.
Source: Vanguard
