Oil & Energy
RSG Commends Gas Firm For Investing In PH
The Rivers State Govern
ment has reiterated its commitment to encourage and provide enabling environment for investors and intending Investors in the state.
The Commissioner for Commerce and Industry, Mr. Chukwuma Chinye who stated this during the official launching of BOC Gases multi –Million naira Air separation Unit (ASU) in Port Harcourt, said the BOC Gases will enjoy her stay and investment in Rivers State.
The Commissioner who was represented at the occasion by the Director of Information in the ministry, Mrs Divinewill Asianiah assured the company that their investment in Rivers State will be beneficial both to the state and the Company.
The commissioner noted that the company investment will no doubt increase the revenue of the state as well as generate employment, as he called on others to follow suit and invest in the state.
Earlier, the Managing Director, Johnson Idowu, disclosed that the company will produce 13 ton of gas per day, Noting that the company was displaying her long term commitment to expanding the Nigerian Industrial Gas market through the establishment of its state of art air Separation unit in Port Harcourt.
Idowu said that the establishment of its plant in Port Harcourt would change the fortune of the company which has existed over 35 years in Nigeria, stressing that the Air Separation Unit (ASU) is entirely cooled and consumes minimal energy.
He noted that the Port Harcourt Gas plant will supplement the existing capacity and significantly strengthen her position as a leading supplier of industrial gasses in the country.
According to him, Investing in Rivers State is crucial to our strategy of growing and expanding the company operations throughout West Africa.
‘’ The plant components were designed and manufactured in the USA before being shipped to India for assembly and testing. The need was identified for an automatic modular, pre-fabricated, skid mounted Air Separation Unit (ASU) to meet harsh African operating conditions four years ago. An existing design was modified and adapted resulting in this new and unique ASU concept being developed’’, he said.
He however said a successful plant performance test was carryout in Indian in, January, 2014, the ASU was packaged and shipped to Port Harcourt in 40 ft containers, before being installed and successfully commissioned last May.
He noted that the Port Harcourt plant operation has resulted in job creation, adding that 20 contractors, personnel were on site during the installation of the ASU, adding that good number of training and unskills have been conducted as the ASU operators.
Idowu also said about ten new operational positions have been created with a number of these positions filled from within BOC Gases Nigeria.
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.
-
Politics3 days agoLG CITY BOY COORDINATOR HAILS WIKE’S SUPPORT FOR ONYESOH, TINUBU
-
Politics3 days ago
DIRI INAUGURATES APC CAMPAIGN COUNCIL, SETS MILLION VOTES TARGET FOR TINUBU
-
Politics3 days agoNDC Candidate Urges Oborevwori To Probe Asaba Political Violence
-
News3 days agoArmy Recovers X Account After Hack Attempt
-
Business3 days agoNigeria Loses N17tr Yearly To Abandoned Projects
-
Politics3 days ago
2027: Oborevwori Tasks Media On Fair, Accurate Reporting
-
Politics3 days ago
2027: AKPABIO ENVISAGES TINUBU’S VICTORY IN SOUTH SOUTH REGION
-
Politics3 days ago
Asaba Political Violence: Police Confirm One Dead, Delta Govt Urges Probe
