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Nigeria: PSGN Acquires Kano Electricity Distribution Company
Powercom Smart Grid Nigeria (PSGN), the subsidiary of POWERCOM, has announced its acquisition of Kano Electricity Distribution PLC (KEDCO).
A statement issued by PSGN said: “This acquisition presents a significant opportunity for KEDCO to implement a comprehensive turnaround plan aimed at improving performance and efficiency.”
The statement said PSGN Turnaround Plan encompasses a strategic approach to address the challenges faced by KEDCO and transform it into a highly efficient and financially viable electricity distribution company supporting five million customers.
The plan focuses on revenue enhancement, operational performance optimisation, revenue collection, customer service and overall system reliability.
PSGN would supply KEDCO smart electricity endpoints including the full backbone infrastructure to manage the grid.
The project is meant to upgrade the existing distribution grid into a modern platform, addressing services such as revenue enhancement, reduction of energy losses, debt recovery, reduction of outages, grid optimisation, asset recording, asset protection, peak load management; workforce automation, reducing operational expenditure and improving customer service.
PSGN’s “turnkey” solution includes the Vending Platform and a Control Room with GIS visualisation for grid management.
The system would allow real-time notification of any event on the map.
All prepayment tokens would be loaded remotely to the smart meters through real-time communication.
PSGN Dashboard System would provide BI and AI real-time visibility of all Key Performance Indicators (KPIs) providing insights into all the KEDCO levels.
The platform would support the highest levels of cyber security.
Touching on the benefits, the statement said PSGN Consumer Engagement Software would provide consumers with access to consumption data, events, notifications, billing data, tariffs and notifications.
“PSGN will implement and manage the overall project scope and will provide a Technology Transfer skill to KEDCO personnel throughout the implementation of the project.
“The PSGN solution will supply accurate data in real time allowing configurable demand response and remote disconnection. PSGN Smart Grid Platform will provide monitoring, analysis, control, and communication within the electrical & Water grid to help improve efficiency and minimise energy consumption and cost. With a view to the future, the PSGN solution will allow integration with future technologies such as solar panels (PV) generation, Embedded Power, and electric vehicles (EV),” the statement concluded.
Source: https://energynewsafrica.com
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- GBP10.5 million to Westinghouse Springfields “to manufacture more innovative types of nuclear fuel for customers both in the UK and overseas”
- GBP9.5 million to Urenco UK in Capenhurst, Chester “to enrich uranium to higher levels, including LEU+ and high-assay low-enriched uranium
- GBP1 million to Nuclear Transport Solutions, part of the Nuclear Decommissioning Authority, “to develop transport solutions to facilitate a supply chain for highly enriched uranium in the UK and internationally”
- GBP1.2 million to MoltexFLEX “to build and operate rigs for the development of molten salt fuel”



He added that currently, there is no evidence that dependable variable Renewable Energy sources such as solar, wind or tidal electricity support industrialisation without first having adequate baseload power from coal, natural gas, hydro or nuclear.
Touching on energy transition, Mr. Ahiataku-Togobo observed that World Trade is now shifting towards green markets.
Given this, he urges industries in Africa to strategically position themselves to take advantage of the green energy resources potential in the continent to compete favourably in the green market.
He said, “This is why Bui Power Authority and Volta River Authority are focusing on the deployment of Renewable Energy to support local industries for them to compete in the green market.”
Source: https://energynewsafrica.com