Oil & Energy
FG Expecting PIB Passage By NASS In April – Sylva
The Federal Government is expecting the passage of the Petroleum Industry Bill by the National Assembly in March or April, the Minister of State for Petroleum Resources, Chief Timipre Sylva, has said.
Sylva said this on the side-lines of the groundbreaking and foundation laying ceremony of the headquarters building of the Department of Petroleum Resources in Abuja.
He said, “Of course, the PIB, which has defied passage or assent for the past 20 years, is now before the National Assembly. It is at the committee stage in both houses and they asked us to attend the public hearings.
“On Monday, we were at the Senate, while yesterday (Wednesday) and today we were at the House of Representatives and the sessions were very successful.”
He added, “We hope that the bill will be passed as promised by the Senate between March and April this year.
“The House of Representatives also made similar commitment. So it is our hope that the PIB will be passed by March or April this year.”
On the DPR headquarters building, Sylva said the structure would be completed during the life of the present administration.
He said, “This project is expected to last for 24 months, which is two years and we hope that it will be inaugurated during the lifetime of this administration.
“We started it and we hope to finish it before we leave. Julius Berger (contractor handling the project) has given us that commitment and we are standing on that commitment made by them.”
The Director, DPR, Sarki Auwalu, said the building would support DPR’s commitment to enabling businesses and creating opportunities for the industry to thrive, using the agency’s regulatory framework and service instrument.
He said it was better to have the headquarters of DPR situated in Abuja where most regulatory institutions operate from, adding that it would further enhance interactions between government agencies and other industry operators.
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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.
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