Oil & Energy
Fuel’ll Be Available Throughout Festive Season – DPR
The Department of Petroleum Resources in Cross River has assured residents in the state and beyond that there was enough product to serve for the Christmas season and beyond.
DPR Operations Controller in the state, Mr Sircham Mohammed-Musa, gave the assurance last week in Calabar during surveillance to some filling stations to ensure compliance with DPR guidelines.
Mohammed-Musa explained that the surveillance was carried out to ensure that filling stations operating in the state were selling at the government approved price and also dispensing the product accurately.
He said that while inspecting Mainland oil and gas depot that the agency had issued warning to marketers to desist from any form of hoarding or face sanctions.
“This is the kind of assurance we want to give to Nigerians because most of them believe that once it is end of the year, there will be some sort of artificial scarcity.
“This time, we are assuring Nigerians that the depots in Calabar are filled with petroleum product to serve all categories of consumers.
“As we speak, we have over 100 million litres in stock and this will serve all consumers during the Christmas season and beyond. Some vessels are currently at harbour, waiting for space to discharge the product.
“During surveillance today, we found out that some stations were selling at N142 per litre as against the government approved price of N145. This is why we go on surveillance and one of the benefits of deregulation. The price is down because the product is available,” he said.
On hoarding, he said that DPR was out to ensure that any product that is lifted from the depot gets to its final destination to serve the consumers.
He said that from the DPR assessment, petroleum marketers and depot owners were cooperating in ensuring stability of price and availability of the product.
“We are assuring Nigerians that there should be no panic buying in their minds; we are here to ensure that the product gets to all consumers at the government approved price,” he said.
At the NNPC filling station, a buyer, Mr Chike Amadi, told NAN that the surveillance by DPR would make filling station owners to adhere to standard.
Amadi said it was a thing of joy to have the product still sold at the government approved price without any panic buying or fears of artificial scarcity.
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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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