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FG- Imo: :Regulatory Oversight of The State Electricity Market Is Now Underr ISERC

By Favour Ifeoluwa & Akinola Ajibade  The Federal Government yesterday( Monday) announced the transfer of Regulatory Oversight of the Electricity Market in Imo State to the state electricity regulatory commission, otherwise known as (ISERC). In a statement issued by the Nigerian Electricity Regulatory Common( NERC), the development is in compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended), reiterating that all transfers envisaged by this order shall be completed by 31 December 2024. According to the Commission,the transfer Order’s provisions include: “Direct Enugu Electricity Distribution Company (EEDC) to incorporate a subsidiary (EEDC SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Imo State from EEDC, and that EEDC shall complete the incorporation of EEDC SubCo within 60 days from 27th June 2024. The subcompany shall apply for and obtain licence for the in

Savannah signed MoA, plans to generate 75Mw in Cameroon

By Favour & Akinola Ajibade



Savannah Energy Plc has signed a Memorandum of Agreement (MoA) with the Cameroonian Government, with  a view to generate 75 megawatts ( Mw) of electricity in the northern region of Cameroon.

By this, the parties involved in the provision of 75 megawatts of electricity in the anglo-phone country are  legally binded  to respect the terms of the agreement reached before and after the execution of the project. 

The parties majorly are Savannah Energy Plc and Cameroonian Government. 

Savannah is achieving this plans, by developing the Bini Warak Project to generate electricity in order to further improve supply especially in northern part of Cameroon.

The company wholly owns Savannah RCM Limited, which  its signed MoA. 

Before to this period, Savannah Energy Plc, a British Independent Energy Company, has implemented many projects in the power/ allied sectors, with the recent MoA signing holding greater importance in the country..

Speaking during the ceremony  in Yaoundé, Cameroon, the country's Minister of Water and Energy, Gaston Eloundou Essomba, said the 75Mw project would help in providing clean stable and affordable power to  residents in  northern Cameroon on completion. 

According to him, the event which had the British High Commissioner to Cameroon, Dr Christian Dennys- McClure, Savannah Energy's Chief Executive officer, Mr Andrew Knott and other signatories in attendance, was meant to improve economic growth  through generation of  electricity in the Anglo-Phone country. 

He said the facility would help in improving electricity in the Northern  Region of the country by 50 per cent, as well as helping in dispatching power to the southern part of Cameroon.

Part of the goals of the Bini Warak Project, Essomba said include the construction of a dam on the Bini River, together with an 82km2 reservoir and associated tunnels, powerhouses, substations and a 225 Kilovolt transmission line connecting the Bini Project to Cameroon's northern electricity grid. 

The minister further said the project will run over a period of years, beginning from 2024 to 2028.

Essomba said: " The Government is delighted to partner with Savannah Energy in order to deliver clean and affordable electricity to support our industrialisation plans for northern Cameroon. The Bini Project will address the current electricity shortages caused by the hydrology deficit of the Ladgo Dam and reduce the consequent reliance on expensive thermal generated power in the region. 

Adding that: Our partnership with Savannah is in line with our long-term "Vision 2035" Master Plan for increasing the electrification in the country and the National Strategy for Development 2020-2030. The decision to invest in the Bini Project is a clear indication of the confidence Savannah has in our country's potential and our legal frameworks for investment.  As a government, we will provide all the support needed to enable Savannah to deliver first power from this exciting project in the 2027 to 2028 window." 

Also, Dr Christian Dennys-McClure said that the British Government is greatly excited about the massive investment in renewable energy in Cameroon.

"I am delighted that a British company, Savannah Energy, is making such a substantial investment in renewable energy in Cameroon. Cameroon has plentiful hydropower resources which, through investments like this, can be harnessed to develop the economy and improve the lives of millions of Cameroonians. This is a further example of the United Kingdom's commitment to Cameroon." he said. 

Speaking in the same vein,  Savannah Energy's CEO,  Andrew Knott said that the signing of the Bini a Warak MOA would help in providing clean, stable and affordable power to northern Cameroon, as well as supporting both households and industrial projects in the region.



  

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