Business
‘Electricity Sector Has Least Investment In Nigeria’
The Chief Executive Officer of the Port Harcourt Electricity Distribution Company (PHED), Mr. Jay McCosky has said that, the power sector has the least investment in Nigeria.
Speaking to newsmen during a seminar in Port Harcourt, Mr. McCosky also said that the attainment of stable power supply is not possible in the country for now.
He said that Government is making too many promises of stable power and meters for all without considering its implications and described the building and maintenance of power infrastructure as the most expensive in the world.
McCosky also described electricity theft as an epidemic that is sweeping across the four states of its operational area which comprises Rivers, Bayelsa, Akwa-Ibom and Cross River states.
According to him, even though the economy is suffering, people must pay for electricity they have consumed to enable the company continue to remain in business.
Speaking on the topic: “Electricity Theft and the Implications for Consumers,” the Head Communication, PHED, Mr. Jonah Iboma, also identified low investment in the transmission sector as one of the problems affecting transmission in Nigeria.
He also said that the resurgence in gas pipelines blow-up could have adverse effect as the amount of gas needed for electricity generation could be affected.
Iboma said that because the company inherited poor network facilities from the former Power Holding Company of Nigeria (PHCN) billions of Naira are being spent to rehabilitate it.
He stressed the need for massive investments in the sector while the media should also assist on sensitising the people on the negative effect of electricity theft.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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