FG has potentials to save $1b from efficient energy use

 

Nigeria has potentials to  save  about  $1 billion from the rising energy bills, if the electricity supply in the country is efficiently managed and utilised, Mr. Reginald Ifionu Mr. Reginald Ifionu, Chief Operating Officer, Powtech Power International Limited,  has said.

Ifionu, in  a statement  made public over the weekend said the presentation of ES-25 energy saver equipment, has the capacity of saving  about  25 percent  of  the use of energy both at home  ,office ior factory nationwide .


“At the country’s current generating capacity of 4,000 megawatts and the ability of ES-25 to save energy by 25 percent, the country will be saving at least $1 billion from energy efficiency,” he said.

He said that  the energy saving equipment is meant to regulate energy consumption, especially as the country is yet to achieve regular power supply one after privatization.

“The ES-25 is a high efficiency voltage controller installed in series after the electricity meter has been installed to optimize energy levels by reducing the wasteful energy and convert the same into direct savings.
Energy bills are steeply rising and there is an urgency of usage of various energy conservation retrofits to save energy on different electrical equipment available at home. The best technique available is to install ES-25 energy savers, which will reduce the energy bills up to 25 percent,” he added.

Managing Consultant/Chief Executive Officer of Powtech, Mr. Goody Duru-Oguzie, was quoted  as saying   the technology is designed to benefit private, public and industrial concerns.

He explained that the device when metres have already been installed, regulates the use of electricity converts wasted energy into use thereby saving all the stakeholders energy loss.