Oil & Energy
PH Refinery To Begin Operations 2023
The Federal Government says the Port Harcourt Refining Company(PHRC) would begin operations by the first quarter of 2023.
Minister of State for Petroleum Resources, Chief Timipre Sylva, who gave this hint at a one-day tour of the facility, over the weekend noted that the refinery is expected to refine 60,000 barrels of crude oil per day when it commences operations.
“We are committed to completing this project on schedule. I have extracted that commitment from the project manager that this project is going to go as scheduled and that by first quarter of next year, at least, 60,000 barrels of crude oil per day would be delivered to Nigerians from the Port Harcourt Refinery”, he said.
While assuring on the Federal Government’s commitment to making the refinery work, the Minister expressed the hope that the issue of fuel scarcity would be adequately addressed when the refinery begins operations.
He noted that the speed of the ongoing rehabilitation work at the refinery was an indication that the country would be refining her crude oil soon.
On her part, the Chairman, Nigeria National Petroleum Company (NNPC) Board, Mrs. Margery Okadigbo, expressed optimism that when the nation’s refineries begin operations, foreign exchange expenditures would be drastically reduced.
“I think it’s a very welcome development. The sooner we begin to roduce domestically, the sooner we will begin to cut off these foreign exchange expenditures and also bring down cost; and then, maybe one day, we will be able to run away from subsidy”, she said.
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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.
