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Minister of Power inaugurates five projects under Presidential Power Initiative

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The Minister of Power, Chief Adebayo Adelabu, has inaugurated five projects, located in Okene, Kogi State, Amukpe, Delta State, Potiskum, Yobe State, Apo in Abuja, and Ihovbor, Edo State, under the phase one of the Presidential Power Initiative (PPI).

The phase one of the PPI is targeted at increasing Nigeria’s wheeling capacity by 272 megawatts, thus culminating in a more robust delivery of electricity to consumers across the nation.

Speaking at the commissioning of the 60MVA Power Transformer yesterday, the Minister of Power, Chief Adebayo Adelabu, said: “Concurrently, we are remotely inaugurating four additional sites, namely Amukpe in Delta State, Potiskum in Yobe State, Apo in Abuja, and Ihvobor in Edo State.

“This is why we commend the strides that have been made by the FGN Power Company under the Presidential Power Initiative. In particular, the partnership that has been forged with the German government and Siemens Energy which led to the production and installation of these world-class equipment we are commissioning today.

“PPI, I must note, is a strategic and systematic approach to solving Nigeria’s perennial problems of unreliable and inadequate electricity supply. I am delighted that with the German Government’s partnership with the Federal Government of Nigeria on the execution of the PPI, we will be able to deliver reliable power supply to the entire country. Mr. President has mandated that we accelerate our Agreement with Siemens Energy, and we are currently finalizing the scope of that work with all stakeholders.”

Similarly, the Managing director/CEO, FGN Power Company, Mr. Kenny Anuwe, said: “Today marks yet another historic day in the journey of our beloved country, Nigeria and the Presidential Power Initiative (PPI). The inauguration of four other sites, which include Amukpe in Delta State, Potiskum in Yobe State, Apo in Abuja and Ihovbor in Edo State, will collectively boost the transmission wheeling capacity by 272MW for onward delivery to electricity consumers. These signify a pivotal step forward in the revitalization of the power sector, serving as a masterstroke that will profoundly impact our industrial, social, and commercial life as a nation.

“The PPI has embarked on a noteworthy initiative by deploying Ten (10) Power Transformers and Ten (10) Mobile Substations across Nigeria. This strategic move will augment the transmission wheeling capacity, a pivotal component of the current administration’s concerted efforts to expeditiously deliver enhanced power supply. Importantly, the deployment of these devices underscores our steadfast dedication to advancing improved electricity access for the people of Nigeria.

“Let me at this point express my profound gratitude to the President and Commander-in-Chief of the Nigerian Armed Forces, His Excellency, Ashiwaju Bola Ahmed Tinubu, for his single-minded determination to continue the pursuit of improved power supply for Nigerians, as initiated by his predecessor, former President Muhammadu Buhari.

“I extend my gratitude to the Honourable Minister of Power for your exemplary leadership and dedication to fulfilling the mandate of the PPI. Special thanks are also due to the former Governor of Kogi state, Yahaya Bello and the incumbent Governor of the State His Excellency, Ahmed Usman Ododo for your invaluable support during the project implementation in Okene, which has made the commissioning of this project a reality.

“We acknowledge the importance of improved power supply towards the attainment of the present administration’s Renewed Hope agenda and assure Mr. President of our determination to provide all necessary leverage towards the attainment of his administration’s national objective.”

He said: “When, on August 31, 2018, the Federal Government of Nigeria established the Presidential Power Initiative (PPI), the underlying objective was to coordinate the partnerships and secure financing for the project that would improve the country’s power transmission, distribution, and generation capacity for the benefit of Nigerian households and businesses.

“Through hard work and driven by an immeasurable sense of patriotism, the Nigerian government was able to reach an agreement with the German government, resulting in Siemens Energy’s emergence as the implementation partner to deliver on PPI’s mandate to modernize and revamp infastuctures in the power sector .

“Partnering with the German Government, Siemens A.G and Siemens Energy, we were able to set for ourselves and our dear country Nigeria, the ambitious task of boosting power supply from an estimated 4,000 megawatts to 25,000 megawatts.

“We are aware of the country’s economic and social potentials and needs. Therefore, FGN Power Company, through the PPI, has laid plans for an even distribution of power infrastructure across all the geopolitical and potential economic power zones of the country.

“This is why this commissioning of the power transformer in Okene, Kogi State is important. We strongly believe that with improved power supply in Kogi State as well as in other parts of North Central Nigeria, investments in agriculture and food processing will begin to spiral, and with that, there will be spontaneous personal, regional, and national economic growth.”

He added: “This administration is setting the course towards economic development, and access to energy is the foundation for job creation and economic growth. I am happy to announce that with our partnership with Siemens Energy, we have been able to create more jobs while also delivering capacity building in the area of power sector engineering for Nigerian engineers.”

Energy

Kyari emphasises role of gas in driving economic growth, industrial development

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The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.) Mr. Mele Kyari, has reiterated the crucial role of natural gas in fueling economic growth and industrial development in Nigeria.

Kyari spoke at the public presentation of the book “The Rise of Gas: From Gaslink to the Decade of Gas” authored by Engr. Charles A. Osezua, which highlighted gas’ global acceptance as a crucial energy source that sustains economic growth and drives industrial activities.

Represented by NNPC Ltd.’s Head of Relationship and Stakeholder Management, Mrs. Oluwakemi Olumuyiwa, the GCEO also emphasised the importance of documenting Nigeria’s gas sector.

The GCEO underscored the significance of prioritising natural gas production and supply, particularly in the context of geopolitical dynamics and energy security in the global economy.

With Nigeria boasting substantial gas reserves exceeding 200 trillion cubic feet (Tcf) and the potential to reach 600 Tcf, the GCEO said it is pertinent that Nigeria leverages the gas resource for sustainable development, energy security, and job creation.

He noted that the book aligns with the Federal Government’s “Decade of Gas” initiative, aimed at optimising Nigeria’s abundant gas reserves for both domestic consumption and international export.

Kyari added that, as a key stakeholder, NNPC Ltd. has played a leading role in advancing the “Decade of Gas” agenda through strategic investments in critical gas infrastructure such as pipelines and processing facilities.

In his remarks, the author, Engr. Charles Osezua, who described the unveiling of “The Rise of Gas” as his contribution to Nigeria’s energy literature, expressed gratitude to the NNPC Ltd. for its support towards the book launch.

Osezua said NNPC Ltd.’s participation at the occasion underscores the company’s commitment to fostering knowledge sharing and innovation within the gas industry.

Also speaking, Chairman of the Impact Investors Foundation and former Group Executive Director of NNPC, Engr. Afolabi Oladele, lauded the book for its comprehensive insights into the gas value chain, saying it will be relevant to policymakers amid the global energy transition.

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Energy

Low crude production responsible for revenue loss —PETAN

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The Petroleum Technology Association of Nigeria has claimed that the country is losing a lot of revenue daily due to its inability to ramp up crude oil production.

The Chairman of PETAN, Wole Ogunsanya, stated this in Lagos recently when the representatives of the Association of Energy Correspondents of Nigeria, led by its Chairman, Ugo Amadi, paid a courtesy visit to PETAN.

He reiterated the association’s resolve to support the efforts of the President Bola Tinubu-led administration toward increasing Nigeria’s oil and gas production for maximum value.

He said the vision of PETAN was to support the authorities to ensure that all the values existing in the oil industry stay in Nigeria.

According to Ogunsanya, if Nigeria could retain between 60 and 70 percent of the oil and gas value chain in the country, it stands a better chance of being among the top 20 economies in the world.

He expressed concerns that Nigeria was losing a lot due to its inability to produce up to its oil production capacity.

He pointed out that the country was underproducing to the tune of at least 500,000 barrels per day, which he said was a huge loss to the country.

The PETAN leader maintained that such losses would not have been possible if there had been full in-country retention of values and beneficiation across all the chains of the industry.

He explained, “Essentially, if Nigerian organisations are involved in taking that oil out, taking it to a refinery owned by Nigerians and refining it, if we have petrochemicals refining the gas and the product, we are taking that gas; processing it in power plants; and running pipelines to connect all those power plants. This country will be among the top 20 economies in the world.

“And we believe very strongly that there is no better prescription for Nigeria’s economic solution than that.”

Reiterating PETAN’s commitment to support the retention of those values, he acknowledged the Presidency’s high interest in increasing production.

He pointed out that the Presidency had given the directives and formulated a lot of gazettes, stating that PETAN aligned with those initiatives.

Ogunsanya further said, “Our intention is to support this government, and this country to increase the production of oil and gas. I presented this vision to the whole house of PETAN exactly a week ago and the vision is very clear. PETAN wants to support Nigeria through innovative means to increase the production of oil and gas in this country.”

He acknowledged the challenges facing the industry in Nigeria, including funding, logistics and others.

He noted that his association cannot make progress with some of its plans without collaborating with energy correspondents.

“We cannot do without you. Our message cannot resonate and cannot get across without your partnership with us.

“Essentially, we both need each other. PETAN needs you to tell that story, to sell what our vision is to help the situation we find ourselves in. We are going to support you as PETAN, as we have done in the past. I give you that assurance, we will work with you immediately,” he told the NAEC representatives.

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Energy

High tariff will lead to electricity theft — FCT residents tell FG

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Some electricity consumers in the Federal Capital Territory (FCT) have appealed to the Federal Government to review the new tariff  downwards to avoid electricity theft.

Some of the consumers who are mainly business owners  told journalists on Wednesday that if the cost of electricity remained high some of them consumers might bye-passing their meters.

Recall the Nigerian Electricity Regulatory Commission (NERC) had announced an increase in electricity tariff paid by Band A customers from N68/KWh to N225/KWh.

Band A customers are those who enjoy electricity supply for at least 20 hours per day.

The consumers, mainly printers, who do operate mainly at UTC and Murg Plaza in Area 10, FCT said that they use heavy equipment in doing their jobs hence their electricity consumption is high.

According to them, if they have to pay N225/KWh this will greatly affect their jobs making it difficult for them to cope with the present economic situation in the country.

Mr Amos Okolo, a printer, said that it was good that the government plans to give them 20 hours of electricity in the new tariff but the cost is too high for any business person.

Okolo said that by the time he purchases electricity with the huge money, nothing would be left in his business to cater for his family.

“I am appealing to the government to review the tariff downward as such increase can lead to some consumers bye-passing their meters and this is not good for Abuja Electricity Distribution Company (AEDC),”he said.

On his part, Mr Samuel Kolawole, also a printer, said that the cost indicated in the new tariff was so high that it could negatively impact businesses.

He said that the government should try and reduce the tariff so that it can benefit the rich and the poor people.

According to him, 20 hours of electricity is good for business owners as this will reduce the cost of buying fuel or diesel for generators but the pricing should be business friendly.

“We are appealing to the government to reduce the tariff to what we can afford so as to benefit everyone,” he said.

Also speaking on the issue, Mr Abel Ajibola, also a graphic designer at Murg Plaza said that the government means well for the people but the new tariff is outrageous, especially for small business owners.

Ajibola said that he would be glad if the government could review the tariff so that electricity consumers would not be tempted to start stealing electricity.

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