Oil & Energy
Yenagoa Debt Profile, Not A Fluke – PHED
It was not a fluke when Port Harcourt Electricity Distribution Company, PHED, through a release last week said that the outstanding electricity debt of customers in Yenagoa, the Bayelsa State capital was posing a serious threat to its sustainability.
The statement was as a result of the barricading of PHED offices in Yenagoa by the Ijaw Youth Council, IYC, resulting into total blackout in the state capital since December 23, 2019.
An updated record, as at December 2019 now stands at *N16* , *620,458,203.12 billion* . A breakdown of the figure showed that PHED inherited *N5*, *982,746,640.74 billion* from the defunct Power Holding Company of Nigeria, PHCN, on 31st October 2013 while the balance of *N10* , *637,711,562.38 billion* was from November 1, 2013 till December 2019.
Further analysis showed that residential customers-R2 had *N13* , *478,505,726.34Billion* while State Ministries, Department and Agencies, MDAs, Yenagoa had *N* *2,558,660,414.34 billion* while Federal MDAs has an outstanding of *N91,558,680.76million* leaving the balance of *N388, N779, 285.35million* and *N102,954,096.33million* to Private maximum demand and commercial maximum demand customers.
It is also noteworthy to mention that the average electricity monthly billing in Yenagoa based on the allocation from the national grid clocks around *N159* , *253,559.42million* out of which PHED receives an average payment of *N27, 523,737.25million* with a customer population of 21,453. It is unbelievable that only 3,555 customers representing 17percent are the ones paying their electricity bill on monthly basis out of the said population of 21,453.
From the above figures, it is very pertinent to state unequivocally that the behavioral payment pattern of the customers in Yenagoa has left so much to be desired and one begins to wonder how PHED and indeed the power sector would survive in the midst of the skyrocketing debt and hostilities.
It is regrettable that the economic activities in the state have been paralyzed arising from the action of the IYC but it is ideal to bring to public knowledge that world-over, the demand and consumption of electricity has a cost element which has ceased to be the case here.
PHED completely distances itself from any economic dislocation inflicted on its valued customers in Yenagoa arising from the unlawful action of the IYC to keep the state in total darkness but deems it appropriate to set the record straight.
He called on all relevant authorities such as security agencies and government functionaries to prevail on the IYC to vacate PHED offices to enable it serve our esteemed customers satisfactorily.
By: Taneh Beemene
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.
-
Niger Delta19 hours agoDiri Restates Stance On Lagos-Calabar Coastal Highway
-
Education17 hours agoFCE Yola Graduates 3,555 Teachers , Seeks Upgrade to University
-
Sports16 hours agoNigerian Trio Target Titles At PFL Africa Finals
-
Niger Delta19 hours agoC’River, NUJ Pay Tribute To Late Guardian Editor
-
News20 hours agoNDLEA Recovers Tons Of Illicit Drug Consignments In Nine States
-
Opinion19 hours agoChecking Voter Apathy In Nigeria’s Electoral Process
-
Politics16 hours ago2027: DICKSON’S EX-ALLY VOWS TO WORK AGAINST NDC INTEREST IN BAYELSA
-
Politics16 hours ago2027: GROUP PLEDGES 40,000 SUPPORTERS FOR COALITION CANDIDATES IN RIVERS
