Oil & Energy
US Offers $1.5m To Boost Nigeria’s Power Sector
The United States Government says it will provide $1.5 million as technical support to help meet Nigeria’s power sector priorities.
US Secretary of State, Hilary Clinton announced the plan last Thursday at a joint news conference with Nigeria’s Foreign Minister, Mr Odein Ajumogobia, at the State Department in Washington D.C after a closed door meeting.
Clinton said the fund was an outcome of the June meeting of the energy and investment working group of the Bi-National Commission (BNC) of the two countries.
The group had discussed electricity generation and managing Nigeria’s energy resources, including gas, oil and renewable energy.
“Revenue from Nigeria’s oil reserves should be used to promote sustainable, broad-based prosperity for all Nigerians.
“And today I was very pleased to inform the foreign minister that the US will provide $1.5 million in technical support to help meet Nigeria’s power sector priorities,’’ she said.
The US secretary of state announced that in September, the Niger Delta and regional security working group of BNC would meet in Washington to discuss ways to resolve the grievances of people living in the Niger Delta.
She said the meeting would also proffer ways to strengthen coordination of regional security issues by both countries.
“The minister and I discussed this particularly in relation to the Gulf of Guinea.
“Strong institutions and sound strategies for economic development, infrastructure, environmental protection, and the delivery of social services are necessary for progress in the Niger Delta,” she said.
Clinton noted that the US-Nigeria Commission had made a lot of progress, adding, “we’ll continue to work with Nigeria”.
She applauded the accomplishments of the Nigerian people as the country marks its 50th independence anniversary on October 1.
Ajumogobia thanked the US government for its commitment to Nigeria, particularly ensuring peace, security and prosperity in the Niger Delta region.
“I look forward to the meeting in Washington in September.
“I hope to be able to look in on that meeting and hope that we can make as much progress in that area as we have done with the other meetings on good governance, transparency, integrity, and energy and investment,” he said.
Oil & Energy
‘Revamping Moribund Refineries ‘ll Address Rising Cost Of Petroleum Products’
Oil & Energy
The Race To Cut Methane Emissions Is Exposing A Global Divide
By Felicity Bradstock for Oilprice.com 16
Oil & Energy
Delta Targets 120MW Power Boost, Moves To Cut Reliance On National Grid
The State Commissioner for Works (Rural Roads) and Public Information, Charles Aniagwu, disclosed this at a press conference in Asaba, weekend, noting that the initiative was part of wider reforms aimed at opening up the power sector to private investors.
Aniagwu, who was accompanied by the Executive Assistant to the Governor on New Media, Felix Ofou, said the state was exploring alternative sources of electricity to support businesses, households and communities while reducing pressure on the national grid.
He said the government was particularly interested in exploiting Delta’s abundant natural gas resources for power generation, pointing to the Kwale Free Trade Zone, which is part of the state’s special economic zone, as a major opportunity for investors.
According to him, prospective investors were taken to the zone during the state’s recent economic summit to enable them to assess the availability of gas as a key raw material for electricity generation. ComparePower Rates
The commissioner explained that generating more electricity locally would not only increase supply in Delta but also free up power on the national grid for use by other consumers.
Aniagwu cited the 8.5MW Independent Power Plant located behind the state secretariat in Asaba as an example of what could be achieved through alternative power sources.
He said the facility had enabled the secretariat complex to operate independently of the national grid, thereby making the electricity that would otherwise have been consumed there available to other users.
He added that the planned 120MW partnership with Supply Power would further strengthen the state’s electricity supply capacity and provide a more reliable power base for small and medium-sized enterprises.
Aniagwu said the state government was also intervening in areas traditionally regarded as the responsibility of electricity distribution companies because inadequate power supply could no longer be allowed to constrain economic development. LearnQuantum Physics
He identified the extension of the electricity grid from Abraka towards the Ndokwa axis as one of the interventions being undertaken to connect more communities to electricity.
The commissioner, however, raised concerns over the burden placed on communities that are often required to provide transformers and other electricity infrastructure, only for distribution companies to take over the facilities and subsequently collect electricity bills without adequately accounting for the investments made by the communities.
He said the state would continue to support efforts aimed at energising communities, noting that improved electricity supply would stimulate businesses, create jobs and help tackle social problems associated with unemployment and idleness.
On regulation, Aniagwu said the government was working with the Ministry of Energy and a committee set up to develop an appropriate regulatory framework for the state’s emerging power sector. SwitchEnergy Plans
He said the proposed energy commission would be responsible for regulating new electricity producers, determining appropriate tariffs and overseeing distribution networks.
The commissioner stressed that liberalising the sector required effective regulation to protect consumers and investors, adding that decisions on power distribution infrastructure, including the use of overhead or underground lines, must take into account the peculiarities and safety requirements of each location.
He warned that power expansion without adequate regulation could expose residents to electrocution and other hazards, stressing the need to protect electricity infrastructure while ensuring consumers were not subjected to unfair pricing.
Aniagwu said the state government’s broader objective was to build an efficient and sustainable electricity market driven by private investment and capable of powering businesses, households and communities across Delta State.
-
Opinion2 days ago
Ancestorial Worship: My Take (1)
-
News2 days agoFG Must Address Nigerians’ Concerns On Reforms -Shettima …Warns Against Misuse of AI, Social Media
-
Featured2 days agoTinubu Jets To S’Arabia For Lesser Hajj …Unveils Free Healthcare For Pensioners
-
News2 days ago
Lawmaker Sets Sights On Assembly Return …As Mammoth Crowd Grace Flag Handover Rally
-
Niger Delta2 days ago
Police Rescue Woman, 24, From Online Dating Kidnappers … Arrest Five Suspects
-
Politics2 days ago
My Administration’ll End Political Acrimony In Rivers – Chinda
-
News2 days ago
FG Approves King Amachree Airport In Rivers, Sets Conditions For Construction
-
Politics2 days ago
2027: Support Groups Pledge Grassroots Mobilisation For Tinubu, Rainbow Coalition Candidates
