Oil & Energy
NCDMB Vows To Boost Innovation In Oil, Gas Industry
The Nigerian Content Development and Monitoring Board (NCDMB) has promised to boost innovation as part of efforts to address local problems in the Nigerian oil and gas industry.
The NCDMB said the five winning innovators in the Nigerian Oil and Gas Technology Hackathon would get sustained institutional and financial support from it and other industry stakeholders to enable them to become successful businesses.
The Executive Secretary, NCDMB, Mr Simbi Wabote, stated these at the demonstration day held in Lagos, where the five startups showcased their homegrown innovative solutions tailored to solve local problems in the industry and related sectors.
He said the NCDMB had earlier given $10,000 grant each to the startups, namely Air-SynQ, Fuel Intellisense, Gricd Mote, Homefort Energy and Kiakia Gas.
He said the startups had completed a three-month incubation progra-mme, where they had resources and mentors that helped them identify their pilot clients and markets.
According to a statement issued by the board, the NOGTECH Hacka-thon was launched in July 2020 under the sponsorship of NCDMB and 630 promising startups applied, with 15 finalists selected at the end of the screening phase.
It said the 15 groups took part in the three-day Hackathon stage held in September 2020, where the top five teams were selected.
Wabote said the board would continue to support the five startups using the Nigerian Content Research and Development Council, with membership from relevant organisations and the $50m Nigerian Content Research and Development Fund.
According to him, the NCDMB deploys an end-to-end strategy in its projects and will not relent until the innovations are fully deployed and begin to solve societal problems.
He said some of the solutions extended beyond the oil and gas sector and would impact the health sector, community surveillance and the military in their fight against insurgence.
“These are innovative solutions to everyday problems that we face in the country; it is beyond the oil and gas industry,” Wabote added.
According to him, the NOGTECH Hackathon initiative promotes research and development and capacity building, and constitutes key pillars of NCDMB’s mandate and its 10-year strategic roadmap.
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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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