Electricity generation in Nigeria experienced a significant decline, decreasing by 16.4% to 3,501.20 megawatts (MW) from the previous week’s 4,187.6 MW. As a consequence, the Electricity Distribution Companies (DISCOs) have resorted to load shedding to distribute the limited electricity supply among consumers at different times.
In related news, the Nigerian Electricity Regulatory Commission (NERC) revealed that eleven electricity distribution companies have submitted applications for rate review. The DISCOs seek this rate adjustment to accommodate changes in macroeconomic parameters and other factors impacting their service quality, operations, and sustainability.
In a separate development, Powercom Smart Grid Nigeria (PSGN) has announced its acquisition of Kano Electricity Distribution Plc (KEDCO). PSGN, a subsidiary of Powercom, specializes in providing an end-to-end Smart Grid/Smart Metering turnkey solution. The acquisition is seen as an opportunity for KEDCO to implement a comprehensive turnaround plan aimed at enhancing its performance and efficiency.
PSGN’s Turnaround Plan aims to address the challenges faced by KEDCO and transform it into a highly efficient and financially viable electricity distribution company capable of serving around 5 million customers. The move represents a step towards improving the overall electricity supply situation in Nigeria.
