Tag: power grid

  • Experts make case for renewable energy mix into power grid

    Experts make case for renewable energy mix into power grid

    Stakeholders in the power sector have renewed calls for urgent and strategic reforms to enable the effective integration of renewable energy into the national electricity grid.

    The call was made at the 9th anniversary edition of the Nextier Power Dialogue, held under the theme “Pre-empting Resilience for Accelerated Renewable Energy Scaling.”

    Organised by The Electricity Hub and sponsored by the African Climate Foundation (ACF), the event brought together regulators, industry executives, policymakers, and private sector operators to explore Nigeria’s readiness for a renewable energy transition and the practical steps needed to achieve it.

    In a presentation highlighting the current challenges, Busayo Omofe, a consultant at Nextier, warned that Nigeria’s power grid remains fragile and ill-equipped to handle large-scale renewable integration.

    She emphasized the urgent need for investment in infrastructure upgrades and the development of technical capacity to support widespread adoption of clean energy.

    The Nigerian Electricity Regulatory Commission (NERC) was represented by Dr. Yusuf Ali, a commissioner at the agency, who noted that integrating renewable energy into the grid on a large scale would require significant improvements in both grid infrastructure and commercial demand.

    “Without a real-time Supervisory Control and Data Acquisition (SCADA) system, it will be difficult to monitor and balance variable renewable energy sources effectively,” he said.

    Dr. Ali disclosed that efforts are already underway through the World Bank-supported Delta Project, which aims to fully modernize grid control systems by 2026.

    From the distribution perspective, Engr. Emmanuel Ogwuche of the Abuja Electricity Distribution Company (AEDC) argued that renewable energy remains more expensive compared to traditional energy sources.

    He called on the government to create Renewable Energy Zones, offer financial subsidies, and encourage innovative financing models such as Public-Private Partnerships (PPPs) and Independent Power Producers (IPPs).

    According to him, these measures are essential for scaling up clean energy investments and reducing cost barriers for developers.

    Also speaking at the dialogue, Engr. Moses Ezirim of JA Solar stressed the importance of integrating technical solutions such as battery storage systems and smart meters.

    He also emphasized the need for greater policy clarity to attract private capital into the renewable energy space.

    Read Also: Building brighter futures with renewable energy empowerment

    Ezirim urged state governments to reduce bureaucratic hurdles and support small-scale energy producers, noting that a decentralized power model would better serve Nigeria’s rural and underserved communities.

    Olayemi Arowolo, Policy Manager at Nextier, said that data-driven planning and real-time monitoring are essential for the success of Nigeria’s renewable energy agenda.

    He stressed that closer collaboration between government and industry is non-negotiable if Nigeria is to make meaningful progress.

    “We need policy tools that reflect our realities, guided by data, and backed by strong implementation,” he said.

    At the close of the session, the panelists issued a set of key recommendations aimed at accelerating the integration of renewable energy into Nigeria’s power grid.

    These include the full implementation of SCADA systems for real-time grid control, the creation of Renewable Energy Zones with financial incentives, the adoption of cost-reflective tariff structures, the deployment of energy storage systems to manage intermittency, and strengthened cooperation between federal, state, and private actors.

    The dialogue underscored a clear and urgent message: Nigeria must act boldly and deliberately to modernize its grid, reform regulatory frameworks, and invest in clean technologies.

    With the right policies and partnerships, the country has the potential to become a continental leader in renewable energy deployment and energy security.

  • Fed govt assures of stable power grid with completion of Siemens Project Phase 1

    Fed govt assures of stable power grid with completion of Siemens Project Phase 1

    …as Nigeria advances energy transition plans with German support

    The Minister of Power, Chief Adebayo Adelabu, has assured Nigerians that the nation’s power grid will achieve significant stability following the completion of phase one of the Presidential Power Initiative (PPI), also known as the Siemens project.

    The assurance came on Wednesday, coinciding with yet another national grid collapse, the 12th incident in 2024.

    Speaking after a meeting with German officials during the visit of German President Frank-Walter Steinmeier to the State House in Abuja, Chief Adelabu highlighted the substantial progress already made under the bilateral energy partnership between Nigeria and Germany.

    The minister revealed that the pilot phase of the project, which commenced after the signing of an agreement at COP28 in Dubai in December 2023, is nearing completion.

    He disclosed that 10 power transformers and 10 mobile substations have been imported, installed, and mostly commissioned, adding 750 megawatts to the transmission grid’s capacity.

    Two remaining units are expected to be commissioned before the year’s end, further increasing the grid’s capacity by an additional 150 megawatts.

    He emphasized that the pilot phase’s success has laid the groundwork for the commencement of phase one, which includes the rehabilitation of 14 existing substations and the establishment of 23 new substations across the country.

    The minister explained that the commercial aspects of the initial batch of phase one have been finalized, pending a no-objection approval from the Bureau of Public Procurement (BPP) and subsequent presentation to the Federal Executive Council (FEC).

    Chief Adelabu underscored the importance of the Siemens project in addressing the fragility of Nigeria’s outdated and dilapidated grid.

    He expressed optimism that the planned interventions would transform the grid, ensuring long-term stability and reliability in power supply.

    “The name of the game now is about cooperation, collaboration, and partnership and the flagship of this bilateral relationship has to do with what we call the Siemens project, which is our Presidential Power Initiative, where Siemens is implementing the brownfield and greenfield transmission substations of the Presidential Power Initiative.

    “Since the signing of the agreement in Dubai at COP 28 in December 2023, we have made significant progress. We have completed the pilot phase of this project, up to 80%.

    “This involves the importation, installation, and commissioning of 10 power transformers and 10 power mobile substations; they’ve been imported, they’ve been installed, and lots of them have been commissioned. We have just about two left to be commissioned before the end of the year.

    “The positive impact of this is that it has added nothing less than 750 megawatts to our transmission grid capacity, which is why the relative stability that we are seeing in the grid today is the direct positive impact of the pilot stage completion.

    “We believe that before the end of the year, an additional 150 megawatts of capacity is going to be added upon completion of the entire pilot phase.

    Read Also: National grid collapses as power generation drops to 0MW

    “So we are officially entering into the phase one stage of this project, which involves the rehabilitation of 14 brownfield existing substations and the establishment of 23 new greenfield stations across the length and breadth of this country.

    “So the first stage or the Batch 1 of this phase one stage has already been concluded in terms of the commercials. What we’re expecting now is a no-objection approval from the Bureau of Public Procurement, after which I’m going to present it at FEC.

    “Once presented at FEC, and we will finalize the financing arrangement, enter into phase one. We are quite confident from the satisfaction that we got from the completion of the pilot stage.

    “When we are done with the phase one project in the transmission, the entire grid will not remain the same, and that’s why we are telling Nigerians that this is a very old grid. It’s quite fragile and it’s dilapidating.

    “We need to revamp the entire grid for us to be sure of stability going forward. That is the Presidential Power Initiative”, he said.

    Speaking further, Adelabu, reaffirmed Nigeria’s commitment to achieving net-zero emissions by 2060, emphasizing the role of renewable energy in the country’s energy transition plan, highlighting Nigeria’s renewable energy potential and ongoing collaboration with Germany.

    He noted that Nigeria’s abundant natural resources, including over 10 hours of daily sunshine across 30 states, desert, and coastal winds, and more than 300 underutilized dams, present vast opportunities for renewable energy development.

    He stressed that Germany’s advanced technology, combined with Nigeria’s natural advantages, provides a strong foundation for energy transformation.

    Highlighting new infrastructure developments such as the Lagos-Calabar coastal highway and the Badagry-Sokoto road, the minister explained that these projects would enhance access to renewable energy resources, including offshore wind and hydroelectric power from previously inaccessible dams.

    Adelabu also outlined plans to implement a distributed power model, which would enable each of Nigeria’s 36 states and the Federal Capital Territory to have localized power generation.

    This approach, he said, would shield states from disruptions on the national grid while ensuring expanded energy access, particularly in rural areas and isolated institutions such as schools and hospitals.

    Chief Adelabu acknowledged the ongoing support from Germany through its international development agency, GIZ, which has been instrumental in grid extension and renewable energy projects.

    He also noted significant interest from German private investors in Nigeria’s solar, wind, and hydroelectric sectors.

    While no new agreements were signed during the meeting, Adelabu said discussions focused on accelerating the implementation of existing agreements under the bilateral energy partnership.

    He expressed optimism that these collaborations would drive progress toward Nigeria’s renewable energy goals and provide sustainable power solutions for the country.

  • The Role of Static Compensators (STATCOM) in the Stability of Nigeria’s Aging Power Grid

    The Role of Static Compensators (STATCOM) in the Stability of Nigeria’s Aging Power Grid

    • By Engr. Adekunle Awoniyi

    Engr. Adekunle Awoniyi, a seasoned power system engineer, brings a wealth of experience from his tenure at the Transmission Company of Nigeria (TCN), where he worked on various projects to improve the nation’s power grid. Currently, he is a Power Engineer at General Electric in Berlin, Germany, where he continues to contribute to advancements in power system technologies. 

    In this article, Engr. Awoniyi explores the transformative potential of Static Compensators (STATCOM) in stabilizing Nigeria’s aging power grid.

    Introduction:

    Nigeria’s power grid, plagued by frequent blackouts and voltage instability, has long been a bottleneck to the country’s economic development and quality of life. The aging infrastructure, coupled with inadequate maintenance and operational inefficiencies, exacerbates these issues. To address these challenges, innovative solutions such as Static Compensators (STATCOM) are essential. STATCOM technology can significantly enhance the stability and reliability of power grids, making it a critical tool for Nigeria’s energy sector.

    Challenges of the Nigerian Power Grid:

    The Nigerian power grid faces multifaceted challenges. The infrastructure, much of which was established several decades ago, is severely outdated. Frequent equipment failures and the lack of modern monitoring and control systems contribute to the grid’s instability. Additionally, the operational inefficiencies, such as poor load management and uneven electricity distribution, further strain the grid. Economic constraints and regulatory hurdles also limit the capacity for substantial investments in grid modernization, making the situation more complex.

    What is STATCOM?

    A Static Compensator (STATCOM) is an advanced power electronics system used to manage reactive power in an electrical system, thereby stabilizing voltage levels. Unlike older technologies such as the Transformers, STATCOMs offer faster and more efficient dynamic voltage control. They achieve this by quickly responding to changes in voltage and adjusting the reactive power in real-time. This rapid response is crucial for mitigating voltage instability and preventing blackouts, especially in aging power grids like Nigeria’s.

    Comparison with Other Technologies:

    When compared to other technologies such as transformers and traditional power electronics solutions, STATCOM stands out due to its superior ability to provide dynamic voltage control. Transformers are crucial for stepping up or stepping down voltage levels during transmission and distribution, but they lack the real-time responsiveness required to stabilize voltage fluctuations. Traditional power electronics like SVCs are slower and less efficient than STATCOMs. While both transformers and SVCs play important roles, they cannot match the rapid response and efficiency of STATCOM in maintaining voltage stability and reactive power management.

    Long-term Investment Benefits:

    Investing in STATCOM technology requires a significant initial outlay. However, the long-term benefits of STATCOM are substantial and far-reaching. Unlike transformers and mechanical solutions, which require frequent maintenance and upgrades, STATCOMs have lower operational costs and minimal maintenance needs. This results in significant savings over time. Moreover, the improved efficiency and reduced power losses offered by STATCOM enhance the overall performance of the power grid. The long-term benefits of STATCOM include not only financial savings but also improved reliability and stability of the power supply.

    Practical Improvements to the Grid:

    The implementation of STATCOM can bring about noticeable improvements in the Nigerian power grid. For instance, in regions such as Lagos that frequently experience voltage dips due to high reactive power demand and inadequate infrastructure, STATCOM can stabilize voltage levels and reduce the occurrence of blackouts. This results in a more reliable power supply with improved power quality, which is crucial for both residential consumers and industrial operations. In industrial zones with sensitive equipment, stable voltage levels provided by STATCOM can reduce disruptions and equipment malfunctions, leading to increased productivity and fewer operational losses. In rural areas prone to frequent power outages, STATCOM can enhance grid reliability by providing immediate reactive power support during disturbances, thus improving power availability and quality of life for residents.

    Economic and Social Benefits:

    The benefits of STATCOM extend beyond technical improvements to the power grid. A more stable and reliable electricity supply has a direct impact on the standard of living in Nigeria. With fewer power outages and more consistent voltage levels, households can enjoy uninterrupted access to electricity, improving daily life and reducing the inconvenience and costs associated with blackouts. For businesses, particularly in the industrial sector, a reliable power supply means increased productivity and reduced operational disruptions, which can lead to economic growth and job creation. Furthermore, the adoption of advanced technologies like STATCOM fosters the development of local expertise and technical skills, contributing to the advancement of technology in Nigeria. This, in turn, positions Nigeria as a leader in modern power grid solutions and attracts further investment in the energy sector.

    Conclusion:

    The integration of STATCOM into Nigeria’s aging power grid represents a viable solution to the persistent issues of voltage instability and grid unreliability. By providing real-time reactive power compensation, STATCOM can enhance voltage stability, reduce power losses, and improve the overall reliability of the power supply. For Nigeria to fully realize these benefits, significant investment and supportive regulatory frameworks are essential. Embracing STATCOM technology can pave the way for a more stable and reliable power grid, fostering economic growth and improving the quality of life for millions of Nigerians.

    Figure1Typical power electronic converter system for STATCOM applications
    (Source: General Electric)

    About the Author:

    Engr. Adekunle Awoniyi is a distinguished power system engineer with extensive experience in the energy sector. Having worked at the Transmission Company of Nigeria (TCN) at the National Control Centre (NCC) and sub-station in Lagos, he contributed to several projects aimed at improving the nation’s power grid. Currently, he is a Power Engineer at General Electric in Berlin, Germany, where he continues to leverage his expertise to advance power system technologies globally. Engr. Awoniyi is passionate about finding innovative solutions to power grid challenges and is committed to contributing to the development of sustainable and reliable energy systems.

    Contact: www.linkedin.com/in/adekunle-ajjoshuaawoniyi.de@com

  • Another power grid collapse paralyses businesses, other activities

    Another power grid collapse paralyses businesses, other activities

    Economic activities were again paralysed nationwide for several hours yesterday following the collapse of the national grid.

    The collapse was the sixth this year and second this month.

    The Transmission Company of Nigeria (TCN) blamed the grid collapse on a fire outbreak at Afam power generating station in Oyigbo, Rivers State.

    The incident that took more than 12 hours to fix, triggered a drop in generation from 629 megawatts (mw) to 64.70mw, leaving commercial and domestic users without power for hours before the grid in Osogbo, Osun State was fixed.

    The Nation had reported yesterday that the grid might collapse due to pressure to meet the 20- hour electricity supply to users classified as ‘Band A’ customers.

    In a statement by its spokesman, Ndidi Mbah, the TCN said: “At 02:41Hrs today (yesterday), fire erupted at the Afam V 330kV bus bar coupler, leading to the tripping off units at Afam III and Afam VI.

    “This resulted in a sudden generation loss of 25mw and 305mw respectively, destabilising the grid and causing a partial collapse.

    “During the incident, the Ibom Power plant was isolated from the grid and was supplying parts of the Port Harcourt region. This further minimised the effect of the system disturbance. TCN announced that the affected section of the grid had been fully restored and stabilised.”

    The company reaffirmed its commitment to improving the “resilience and reliability” of the grid by paying attention to measures aimed at strengthening its infrastructure.

    Afam IV power station and Afam V power station operated by First Independent Power Limited, are both owned by Transcorp Power Limited. Afam IV and Afam V   have a combined generation capacity of 726 MW.

     A document by the Independent System Operator (SO), the technical wing of the TCN, showed that 770mw  were  sent to 10 electricity Distribution Companies (DisCos) as of 10:53am yesterday when the grid came alive again.

    Port Harcourt Electricity Distribution Company (PHEDC)   got zero allocation. Others like Eko, Jos and Enugu assured their customers of improved power once the situation normalised.

    Our customers get trapped in elevator, says Lagos Hotel manager

    In Lagos, an hotel manager said that apart from the fact that erratic power supply damage their appliances, their customers were sometimes trapped inside the elevator.

    He added that the hotel spends substantial amount of its income on generators.

    David Nwosu, an event manager in a Lagos-based hotel said: “The unstable light has affected some of our appliances, and we have to keep replacing them. Our customers are also sometimes trapped in the elevator when the light goes off suddenly and before we switch to generator, though it takes about two minutes to switch.

    “Unfortunately due to the current price of diesel, no one wants to operate fully on generator and we also won’t. We will keep managing until the situation improves.”

    In Osun, the Charleston Foundation lamented that   “poor supply has never been this bad since Nigeria’s independence in 1960.

    It charged President Bola Tinubu to declare a state of emergency in the power sector.

    The Foundation’s Executive Director (ED), Charles Adeyemi said: “The main fulcrum of Nigeria micro and macro economy are largely dependent on availability of power supply and when this is missing it is a risk for country’s economy.

    “The current outages is an indication that all is not well. Small and medium size businesses are folding up every day. It is now difficult for hospitals, laboratories and school to perform optimally.”

    Read Also: Power grid restored successfully, says TCN

    Saheed Olarewaju, managing director of Fatty Fancy Arts, a leading printing company in Osogbo said: “Our company is on Band A, but unfortunately, we have been running generator to do most of our jobs.

    “This is affecting how we charge our customers. If we subsidise price for them because of electricity, we end up using diesel to power our generator. You can imagine the negative implication on our company.”

    Power plant shut down in PH

    Consumers in Rivers did not care to know that the PHEDC got zero megawatt allocation.  Residents, especially youths of Oro Abali, shut down a power plant in the community during a protest.

    The residents complained that despite paying a lot on estimated billings and new tariffs, electricity had been epileptic in the area

    The protesters, who carried placards with inscriptions such as “No fairness to host community,” said there had been no power in the area despite increase in tariff.

     The Nation gathered that the shut plant is the next big power station after the Afam power plant.

    Residents of Chinda Okabie/Isaiah/Lucky Street and the Ejiji community sent a protest letter to PHEDC through   Bethel Chimzie and Associates, over poor electricity supply.

    The letter reads: “We bring to your notice our dissatisfaction and complaints over low supplies, current fluctuation, lack of power supply and total blackout for months coupled with huge estimated bills piled on us due to no metering system within our vicinity, which has been concurrent over a few years.

    “We are billed by PHEDC and compel to pay the bills even in blackout with a day or two of power supply in between for just an hour or less.

    “Shops are closing down, tenants are relocating, business are crumbling as a result of no power to strive in their daily business activities. Residents are developing airborne diseases caused by heat which is taking a toll on children.”

    Business operators, especially in the hospitality industry and hair dressing/barbing salon, lamented that they spend almost all their income on petrol and diesel.

    “The problem on national grid definitely affects our business big deal.  In the past days, we have been experiencing drop in the hours of power supply in our business facility. This has affected us so much,” Chineme the administration manager of Echelon Heights, one of the Five-Star hotels in Port Harcourt, said.

    In Enugu, the former general manager, Enugu State Tourism Board and manager, Eze Park, said: “These  outages are becoming unbearable for people like us who are into hospitality business.”

    Eze, who operates a private business, added: “For some days now, we haven’t had power and that has put so much pressure on my resources as a businessman.

    “We buy diesel at N1, 700 per litre. When that is no longer sustainable, we resort to buying fuel for a smaller  generator at N700 per litre.

    “But, since this system collapse, that has become frequent, the situation has been so unbearable. You can’t even buy ice blocs from anywhere.”

    Association: NEMSA, SON not enforcing standards

    While angry electricity users in Lagos, Osun, Rivers, Abia, Enugu, Benue and Adamawa states counted the impact of  the latest outage, the Association for Public Policy Analysis (APPA) said the Nigerian Electricity Management Service Agency (NEMSA) and  the Standard Organisation of Nigeria (SON) should be held liable for not enforcing    standard in the power sector.

    The National President of the association, Princewill Okorie, said: “NEMSA is to enforce standard, it should explain how substandard electrical materials were installed by unlicensed electricians. SON should account for how the substandard materials usually enter this country.”

    Chief Executive Officer, Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, who said outages worsen inflation, advocated payment of compensation to consumers for power disruptions.

     “Anytime DisCos are not able to meet the minimum power supply, the consumers must be credited for the lost hours,” Yusuf told our reporter.

    He added: “The grid collapse will affect businesses adversely because production processes will be disrupted and it is very costly to restart a production line once disrupted; it also means the businesses will have to resort to alternative source of power which is more expensive. This will also worsen high cost of inflation in the country.

    “The stand of the National Electricity Regulatory Commission (NERC) is that compensation should be paid to consumers for such power distruptions.  But whether the regulator will be able to enforce this is another issue.

    “DisCos have put too many consumers on that Band A all because of the money they want to make. I was surprised when I saw the number of consumers now on Band A.  I don’t think the DisCos have the capacity to deliver what they are promising. There are too many people on that band at the moment.

    “The DisCos may be depriving others on lower bands and that is the danger of privatising utilities because leaving utilities completely in the hands of the private sector   creates a lot of social inequality.

    “While the DisCos are chasing their profits, government also needs to weigh in so that consumers on other bands are not thrown into perpetual darkness.”

  • Power grid restored successfully, says TCN

    Power grid restored successfully, says TCN

    The national power grid which collapsed at about 4:28 pm on Thursday has been successfully restored, the Transmission Company of Nigeria has said.

    In a statement issued yesterday, the TCN said the grid attained full recovery by 10 pm on the same day.

    Meanwhile,  the Eko Electricity Distribution Company yesterday said that it was able to receive minimal power supply from the grid to put Agbara, Ojo, Akangba, Ajah, Lekki and Alagbon Transmission Stations on supply.

     The spokesperson of the TCN, Ndidi Mbah, said, “We remain optimistic that power supply will be restored to optimal normalcy soon, as the grid restoration continues. We will keep you updated.”

     Mbah said a report from the National Control Centre in Osogbo had it that the system disturbance was triggered by a significant reduction in generation capacity, primarily due to gas constraints.

    Read Also: Five Nigerian meals for Easter vacation

     She explained that the reduction led to a rapid decline in system frequency, creating “a sudden imbalance in the grid.”

    Her words:“The imbalance in grid stability was exacerbated by the sudden tripping of Egbin generation Turbine 3, resulting in an additional loss of 167MW load and the subsequent collapse of the grid.

     “The grid has, however, since been recovered and is stable, and is currently transmitting all the generated power to distribution load centres nationwide.

    “TCN emphasises its unwavering commitment to addressing grid challenges and actively working to mitigate disruptions. In instances where challenges extend beyond TCN’s control, the company collaborates with other stakeholders in the power sector value chain to minimize the impact and swiftly restore the grid to normal operation.”

  • Boosting the national power grid with private sector investments

    Boosting the national power grid with private sector investments

    The unbundling and privatisation of Nigeria’s power sector aimed to establish a competitive market, drawing private investment to enhance power generation and ensure a reliable, cost-efficient power supply. Transcorp Group’s first investment in the Ughelli Power Plant via Transcorp Power Limited stands as a pivotal contributor to economic development. This strategic investment has invigorated the national grid, empowering it to power numerous homes and industries across Nigeria and West Africa, reports Assistant Business Editor COLLINS NWEZE

    Despite the initial challenges accompanying the privatisation of the power sector, the past decade has witnessed the emergence of formidable power companies, both at the national and international levels. These companies have played a crucial role in achieving various milestones, such as the augmentation of installed power generation capacity, the expansion of the transmission network, widespread meter deployment, increased utility revenues, and a heightened demand for power sector equipment. This transformation has paved the way for extensive private sector investments and engagement across the entire value chain.

     Over the course of a decade, Transcorp Group’s inaugural investment in the Ughelli Power Plant through Transcorp Power Limited has significantly elevated the national grid. Transcorp Power Limited (TPL), situated in Ughelli, Delta State, boasts a single-cycle 972MW installed capacity, making it the largest gas-fired power generating station in the country. With a mission to improve lives, TPL is at the forefront of energy generation, impacting millions in Nigeria and across Africa.

     Having surpassed all requirements within the stipulated period, Transcorp Power received the certificate of discharge from post-privatisation monitoring. As of November 2023, year-to-date figures indicate that TPL has contributed substantially, sending out 2,857,950.40MWh (an average of 357MW daily), constituting 8.65 percent of the energy supplied to the national grid. In a noteworthy performance in November 2023, Transcorp Power Limited consistently dispatched an average of 438MW, securing the second position after Egbin. For the entire year-to-date of 2023, TPL holds a commendable fourth position in power generation rankings.

     “TPL currently has a generation capacity of 500MW, and can generate enough energy to power 1.6 million homes daily. Since the privatisation of the power sector in November 2013, TPL has generated over 29,574,447MWh (29TWh) of energy to the national grid powering countless homes and industries in Nigeria and West Africa. TPL currently has a generation capacity of 500MW and currently generates 426MW on average daily in December,” report from the company said.

    Managing Director/CEO of Transcorp Power Limited, Peter Ikenga, in his comments noted that the Company’s journey has been one of resilience, innovation, and a steadfast commitment to powering progress.

    “As we celebrate the 10th anniversary of Transcorp Power Limited, we reflect on a decade of impactful contributions to the energy sector. I am immensely proud of our team’s dedication and the milestones we’ve achieved,” Ikenga said, adding that the anniversary is not just a testament to the Company’s past successes but a springboard for the future.

    For the last decade, Transcorp Power has been an integral part of its host community, with several community-based projects aimed at improving livelihoods including a vocational skills acquisition program that has empowered over 200 recipients. The Transcorp Staff School which Transcorp Power Limited adopted following the takeover of the Ughelli Plant currently serves the community as well as its employees, guaranteeing a higher quality of education for the children in the community.

    “We remain committed to driving positive change and being a catalyst for sustainable development. Thanks to our team, stakeholders, and the communities we serve for being integral parts of this incredible journey. Here’s to the next decade of powering possibilities and lighting up the path to a brighter future,” Ikenga added.

    At the event which held in Warri, Delta State, Transcorp Power also celebrated its employees who have been with the company since inception and have contributed significantly to the achievements of the past decade.

    Transcorp Power Limited has continued to receive recognition for its contributions to the power sector. The company recently won multiple international awards, including the Leading Power Generation Company Nigeria 2023 (International Business Magazine Awards 2023), Leading Power Generation Company Nigeria 2023 and Most Sustainable Power Company Nigeria 2023 (2023 World Business Outlook Awards).

    Transcorp Power Limited (TPL) is a single cycle 972MW installed capacity power generating plant located in Ughelli, Delta State. It is the largest gas-fired power generating station in the country. Its mission is to improve lives, and we are leading the way in energy generation for millions of people in Nigeria and Africa.

    Also, in May next year, the Central Bank of Nigeria, under the leadership of Olayemi Cardoso, in collaboration with the Transmission Company of Nigeria and various power distribution companies, is set to conclude 53 power projects valued at N122 billion. These projects, currently under construction across the nation, are poised to augment the country’s power infrastructure significantly. Upon completion, they are expected to contribute over 1,000 megawatts to the firm’s wheeling capacity. The initiative comes at a crucial juncture as Nigeria grapples with the imperative of meeting the escalating demands for electricity driven by rapid population growth.

    Recognising this need, the stakeholders are strategically investing in diverse power projects to address the burgeoning energy requirements anticipated through 2030. Industry insiders predict promising prospects in areas such as distributed power generation, smart grids, and energy storage over the medium to long term. These innovations not only align with the evolving landscape of energy needs but also position Nigeria to harness opportunities in the dynamic and technologically advanced power sector.

    Power investment and expansion programmes

    In a strategic move, Transcorp Group recently acquired a commanding 60 per cent stake in the Abuja Electricity Distribution Company (AEDC), solidifying its influence in the region. This acquisition seamlessly aligns with Transcorp Group’s overarching vision to empower Africa and act as a catalyst for the expansion of the continent’s industrial landscape. Under the leadership of Transcorp Group Chairman, Tony Elumelu, the conglomerate’s market capitalisation experienced a significant upswing, providing the financial strength required to make electricity accessible to Nigeria and Africa’s burgeoning population.

     Tony Elumelu, recognising that the lack of electricity presents a significant challenge for the continent, he strategically positioned Transcorp to bridge power supply gaps in Africa. Through a consortium, Transcorp Group not only acquired a substantial stake in AEDC but also orchestrated pivotal management changes. Christopher Ezeafulukwe, the Managing Director/CEO of Transcorp Power, was appointed by the AEDC board to assume the role of the new Managing Director/CEO of AEDC; while Peter Ikenga, the current CEO of Transcorp Energy, succeeded Ezeafulukwe as the Managing Director of Transcorp Power. Elumelu utilised this portfolio realignment to further strengthen Transcorp’s foothold in the continent’s power sector, propelling economic growth with a reliable power supply.

     In recognition of the transformative impact of addressing Nigeria’s power challenges, the World Bank emphasises that resolving the nation’s power problem presents an opportunity to address longstanding issues and stimulate economic growth. The absence of dependable power has been a significant constraint for citizens and businesses, leading to estimated annual economic losses of $29 billion, equivalent to about two percent of Gross Domestic Product (GDP). Beyond Nigeria, West Africa grapples with one of the lowest electrification rates, with 220 million people living without access to electricity, compounded by some of the highest electricity costs in Sub-Saharan Africa. Transcorp’s strategic initiatives, therefore, position it as a key player in tackling these challenges and driving positive change in the region’s power landscape.