Oil & Energy
FG Partners Coy To Sanitise, Drive Oil Sector
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will partner Oil Trading and Logistics (OTL) Africa Downstream to sanitise and drive the country’s oil and gas industry.
The Authority Chief Executive (ACE) of NMDPRA, Mr Farouk Ahmed, said this when a team of the Advisory Board of OTL visited him in Abuja recently.
“We align with your ideas on why we need to collaborate and have assured our willingness and interest to work with OTL.
“We want to collaborate and partner in all industry matters as we need to clean the mess in the industry created over the years.
“We need to work together and sanitise the industry; to do that, we need a capable, willing and bold regulator to make decisions.
“And, for your industry players to be humble enough to accept the decisions for the improvement and progress of the industry, and it is a win-win situation for us all”, Ahmed said.
On support to OTL, the NMDPRA boss said it was a support to the industry and would be looked into.
He said: “we will participate because we want to be part of those driving it so that we can get better seat. Otherwise, we will be left behind.
“By that, we are seen, our work is seen and felt our suggestions, input, and ideas can also be incorporated from the beginning, so we welcome that”.
Ahmed assured that the authority would work with the OTL team in its future events, adding that there would be an internal commitment by the workers of NMDPRA to drive the sector.
Earlier, the Chairman of OTL Advisory Board, Mr Tunji Oyebanji, appreciated the authority’s support, while pledging the commitment of OTL to take the industry to the next level.
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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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