Darkness Looms as N710bn Power Supply Fund Draws Down – ThisDay

AD

Gencos has warned that the prevailing nationwide power supply situation may decline significantly from December as the N701.9 billion payment assurance scheme initiated by the FG through the CBN and NBET, is drawn down.

The fund will be drawn down before 2019 that it is originally designed to last. The fund was put in place to guarantee prompt payments for power supplied to the grid. Already, the Gencos stated that gas suppliers had begun to issue the notice of disconnection, adding that the Alaoji Independent Power Plant owned by the Niger Delta Power Holding Company (NDPHC) has been disconnected from gas supply by Total while First Independent Power Limited in Rivers State has equally been issued a notice of disconnection.

But their claims, which were made at the 2018 edition of the Power Safety Summit (PSS) in Abuja, have been debunked by the NBET, which said there was no cause for alarm, and that it was working hard to ensure payments to Gencos for power supplied to the national grid were made promptly.

 

 

PSC Industries launches electric vehicle chargers – Vanguard

In preparation for mass integration of electric vehicles in Africa, PSC Solar UK, the research and development arm of PSC Industries Limited, a Lagos, Nigeria-based solar electricity and renewable energy total solutions manufacturer, has announced the introduction of EV chargers for electric vehicles in Nigeria, Ghana, Niger and Benin Republic.

The announcement was made by the company’s Managing Director/Chief Executive Officer, Dr Patrick Owelle at the recently concluded Paris Motor Show in Paris, France, during PSC Solar UK’s exhibition on October 5, 2018. Nigeria urges Niger Basin member nations to pay contributions In a chat with Vanguard, Owelle said: “As everyone is now aware of the current trending revolution of electric vehicles (EV), cars, buses, trains and boat manufacturers are all competing for market share in the EV Market as most governments the world over, are beginning to ban diesel power engines due to climate change considerations and serious noise and environmental pollution.”

Noting that the challenge posed by climate change and global warming is real and Africa must take a strong position now, the PSC Industries boss said: “The Lake Chad Basin is virtually drying up forcing migration into Europe by Africans in the region who otherwise relied on fishing and farming for their sustenance. The Ice Glaciers in Greenland are warming up and breaking off due to the increase in environmental temperatures resulting from global warming. One cannot begin to imagine the disaster that will befall the earth should these glaciers melt and flood the earth.”

AD

About Princess 178 Articles
Ethereal Goddess Ambrosia...

Be the first to comment

Leave a Reply