Welcome To Infotainnet: Power

Welcome To Infotainnet

Inform, Educate, Empower and Inspire

STAY WITH US

ads

Hot

Post Top Ad

Your Ad Spot
test
Showing posts with label Power. Show all posts
Showing posts with label Power. Show all posts

Tuesday, 27 August 2019

Consumer groups tackle NERC over electricity tariff review

August 27, 2019 0
Consumer right groups say the Nigerian Electricity Regulatory Commission (NERC) did not consult them before approving a new tariff review for electricity customers in the country.
On Wednesday, the regulator approved a minor review of the 2015 multi-year tariff order (MYTO) for each electricity distribution company (DisCo).
This has elicited reactions from consumers, groups, and stakeholders in the Nigerian electricity supply industry (NESI).
NERC stated that the decision to increase the tariff was taken after consulting electricity distribution companies (DisCos) and stakeholders in the sector.
The commission said the step is geared towards addressing the tariff deficits pursuant to the objective of “resolving the impairment of the financial records of DisCos”.
However, speaking at a programme on African Independent Television (AIT) on Monday, Kunle Olubiyo, president of Nigerian Consumers Protection Network, said they were not consulted before the decision on tariff review was made.
“It is our expectation that the present leadership of NERC in doing anything, even for the nuisance value, should know that we are at the receiving end,” Olubiyo said.
“Just like the meter asset provider, we have said it times without number that you cannot shave a man’s head in his absence, This tariff and the meter asset provider that is trending now is to the best of our knowledge supposed to be for the consumers. We were not consulted.
“The NERC position is that there is no extant rule or enabling law of NERC that says certain individual or group must be consulted. They are shying away from quality contribution.”
Speaking, Onu Uche, executive secretary of Consumers Rights Project, said NERC should have extended invitation to stakeholders. He added that the commission has been unfair to electricity consumers in the country.
Joe Ajaero, general secretary of the National Union of Electricity Employees (NUEE), reiterated that the stakeholders were never consulted, which he says was wrong.
“No matter the name they gave to it, they have increased tariff. I want you to watch out the electricity tariff this month. NERC has been taken people for granted,” he said.
“In the last few weeks, they organized a kind of mock consultation around the country and they want to use it as the required consultation by law to increase tariff and I think it is wrong.
“The law says they should consult the stakeholders. When they were holding the consultation, some of us raised the alarm because stakeholders were never consulted. They don’t consult.”
Read More
No comments:
Labels:

Wednesday, 12 June 2019

NNPC remains committed to eliminating gas flare

June 12, 2019 0
Eliminating gas flare with a view to bequeathing a pollution-free environment to future generations of Nigerians remains a priority of the Nigerian National Petroleum Corporation (NNPC).
The Corporation made this commitment at an event held yesterday at the NNPC Towers to mark the World Environment Day.
A statement by Mr. Ndu Ughamadu, the corporation’s Group General Manager, Group Public Affairs Division, quoted the Group Managing Director, Dr. Maikanti Baru, as urging members of staff to maintain the NNPC business culture of “working not to harm the people or the environment”.
Addressing the management and staff on the theme of this year’s World Environment Day, “Air Pollution”, the GMD who was represented by Dr. Babatunde Adeniran, the Chief Operating Officer (COO), Ventures, said NNPC had put in place a lot of measures to mitigate the impact of oil and gas exploration activities on the environment.
“As a corporate organisation, NNPC is determined to reducing harmful emissions that can impact air quality and the well-being of God’s creatures in all aspects of our operations.
“We are committed to finding ways to fully commercialise our natural gas resources to eliminate gas flare in all existing future gas projects”, he said.
Dr Baru noted that air pollution was a major issue in today’s industrial world that needed all hands to be on deck to tackle.
Also speaking at the event, the Guest Speaker, Mr. Goni Ahmed, former Director General, National Agency for the Great Green Wall, commended the NNPC for championing gas-flare reduction initiatives that had helped Nigeria move from 2nd to 7th position in the global gas flare rating.
He expressed satisfaction with the measures the Corporation had deployed to tackle environmental issues in the Oil and Gas Industry and lauded the GMD for ensuring availability of petroleum products across the country.
Earlier in his welcome address, Mr. Hussaini Ali, the General Manager, Group Health, Safety, Environment & Quality (GHSEQ) Department, said the programme offered everyone the opportunity to contribute to the quality of the air we breathe, noting that the task of ensuring safer environment was a collective responsibility.
In the same vein, Dr. Getrude Bassey, Manager, Operations, NNPC Health Manager Organisation (HMO), advocated for strong individual participation in environmental management to avoid the negative effects of environmental pollution such as cancer, respiratory diseases, among others.
Read More
No comments:
Labels:

Thursday, 6 June 2019

DPR revokes 6 oil licences

June 06, 2019 0
DPR
DPR
The Department of Petroleum Resources has revoked five Oil Mining Licences and one Oil Prospecting Licence belonging to five companies.
In a public notice issued on Thursday by the regulatory body, the revocation was based on a presidential directive to “recover legacy debts” owed by the companies operating the licences.
The five companies affected are Pan Ocean Oil Corporation (OML 98); Allied Energy Resources Nigeria (OML 120 and 121); Express Petroleum and Gas Company (OML 108); Cavendish Petroleum Nigeria (OML 110) and Summit Oil International (OPL 206)
Summit Oil is owned by the family of late Chief M.K.O. Abiola.
The News Agency of Nigeria reports that Pan Ocean hopes to commence the production of oil and gas from OML-147 at Owa Aladima.
The former Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, had last February announced plans to recover the oil licenses of the companies indebted to it.
He expressed worry that some of the companies have failed to make statutory remittances in spite of being in Joint Operatorship with the Federal Government, a development he said was denying it revenue running into billions of dollars.
(NAN)
Read More
No comments:
Labels:

Wednesday, 5 June 2019

Nigeria imports 47% of LPG from US, India, others

June 05, 2019 0
NLNG
Nearly half of the Liquefied Petroleum Gas, also known as cooking gas, consumed in the country in the first three months of the year was imported from India and five other countries.
The country, which is home to the largest natural gas reserves in Africa and the ninth largest in the world, has continued to suffer supply shortage over the years.
Data obtained by our correspondent from the National Bureau of Statistics on Tuesday showed that 47 per cent (146.14 million litres) of the LPG supply in the country in the first quarter of this year was imported while 53 per cent (164.71 million litres) was produced locally.
The United States accounted for 46 per cent (67.10 million litres) of Nigeria’s LPG imports in the period, while India, Trinidad and Tobago, Algeria, Argentina, and Equatorial Guinea supplied the remaining one per cent.
Nigeria imported 61.39 million litres of LPG in January, while 33.22 million litres were produced locally.
The country imported 26.60 million litres and 58.15 million litres in February and March respectively while 55.72 million litres and 75.77 million litres were produced locally in February and March respectively.
It bought 12.95 million litres of LPG from India in January; 12.95 million litres from Algeria in January; 14.64 million litres from Argentina in February; 21.74 million litres and 4.69 million litres from Equatorial Guinea in January and February respectively; and 17.59 million litres from Trinidad and Tobago in March.
The US exported 19.29 million litres, 7.26 million litres and 40.55 million litres of LPG to Nigeria in January, February and March respectively.
According to the Nigerian National Petroleum Corporation, the country has around 202 trillion cubic feet of proven gas reserves plus about 600 trillion cubic feet unproven gas reserves.
“Out of 8.5bscfd of natural gas production in Nigeria, only 18 per cent of natural gas produced is being utilised by the domestic market. A large percentage of the gas produced is used for the export market. Re-injection is 32 per cent and flared gas stands at seven per cent,” the Group Executive Director/Chief Operating Officer, Gas and Power, NNPC, Mr Saidu Mohammed, said at an industry event last month.
Last month, the Nigerian Association of Liquefied Petroleum Gas Marketers commended the Federal Government for the removal of Value Added Tax on locally produced LPG.
The marketers and other industry stakeholders had over the years complained about the VAT being charged on locally sourced LPG, saying the tax made the cost of buying the locally produced LPG high, compared to imported cooking gas.
The President of the association, Mr Nosa Ogieva-Okunbor, said, “The clamour for VAT removal from domestically produced Liquefied Petroleum Gas has been of perennial concern to members of our association. The good news received by our association and the LPG industry is that the Federal Government has finally signed the approval of VAT removal on LPG and gazetted same which makes it an official pronouncement.”
He said the increased awareness of LPG usage had seen consumption in Nigeria grow from 50,000 metric tonnes in 2007 to over 600,000MT in 2018 with more indigenous investments in LPG bottling plants.
Read More
No comments:
Labels:

Oil prices turn positive on stock rally

June 05, 2019 0
Oil prices turned positive on Tuesday, tracking a rally in global stock markets, with Brent crude recovering from a four-month low, Reuters have reported.
World stocks rallied after comments from U.S. Federal Reserve Chairman Jerome Powell drove expectations of a cut in interest rates.
According to the newspaper, Brent futures were up 49 cents, or 0.8%, at $61.77 a barrel by 12:16 p.m. EDT (1616 GMT). The global benchmark fell as low as $60.21earlier in the day, its weakest since January.
U.S. West Texas Intermediate (WTI) crude rose 17 cents, or 0.3%, to $53.42, rising about a dollar from its session low.
The oil market had been weighed down earlier in the session by concerns about slowing global growth and comments from Russia’s top oil producer that it would oppose extending joint cuts with the Organization of the Petroleum Exporting Countries until the end of the year.
Financial traders have been selling off energy markets on growing concerns about the outlook for the world economy amid the trade war between the United States and China and U.S. threats of tariffs on Mexican imports.
“As long as U.S. tariff issues with China and Mexico remain unresolved and a broad based 5% tariff is placed on Mexico next week, speculative liquidation out of the oil space could be sustained,” Jim Ritterbusch of Ritterbusch and Associates said in a note.
Oil futures are trading around 20% below 2019 peaks reached in late April, with May posting the sharpest monthly declines since November.
Other energy prices, such as coal and gas, are also being hit hard by the economic downturn.
To prevent oversupply and prop up the market, OPEC, together with allies including Russia, has withheld supply since the start of the year.
The group plans to decide later this month or in early July whether to continue the supply curbs.
Saudi Energy Minister Khalid al-Falih said on Monday a consensus was emerging among producers to continue working “to sustain market stability” in the second half of the year.
However, on Tuesday, the head of Russian state producer Rosneft, Igor Sechin, said Russia should pump at will and he would seek compensation from the government if cuts were extended.
Producers are concerned that the economic slowdown will reduce fuel consumption.
Further pressuring oil prices and undermining OPEC’s efforts to tighten the market has been surging U.S. output to record highs, leading to more of its crude being exported.
Read More
No comments:
Labels:

Monday, 20 May 2019

Key oil producers meet on output amid Iran tension

May 20, 2019 0
Major crude producers met Sunday to discuss how to stabilise a volatile oil market amid rising tensions between the United States and Iran in the Gulf, which threaten to disrupt supply.
Key OPEC members and other major suppliers, including Russia, will assess the oil market and examine compliance to production cuts agreed late last year.
But the subject of Iran, which is not present, will dominate the one-day meeting of the OPEC+ group, formed by OPEC members and its new petro allies.
The meeting comes days after “sabotage” attacks against tankers in highly sensitive Gulf waters and a drone attack on a Saudi pipeline by Houthi rebels from Yemen.
The meeting also comes as the full impact of reinstated US sanctions against Tehran kicks in, slashing the Islamic Republic’s crude exports.
Hours before the meeting in Jeddah, host Saudi Arabia said it does not seek war with Iran but is ready to defend its interests.
The meeting is set to make recommendations ahead of a key OPEC summit in late June, to be attended by Iran.
President Donald Trump said last month that Saudi Arabia and other OPEC members had agreed to his request to boost oil production in order to tamp down rising prices.
Massive drops in exports by Iran and Venezuela plus output cuts of 1.2 million barrels per day, implemented by the OPEC+ group since January, have cut supply.
But UAE Energy Minister Suheil al-Mazrouei said inventories were still building up.
He told reporters Saturday that the job of balancing the market was not yet complete, a hint that any ramp-up in production could send prices crashing as they did in late 2018.

Iran exports tumble

OPEC and the International Energy Agency said earlier this month that global oil supply fell in April due to tightened US sanctions on Iran and OPEC+ production cuts.
The IEA said Iranian crude production fell in April to 2.6 million bpd, down from 3.9 million before Washington announced in May 2018 it would withdraw from the 2015 Iran nuclear deal and re-impose sanctions.
Iran’s output is already at its lowest level in over five years, but could tumble in May to levels not seen since the devastating 1980-1988 Iran-Iraq war.
Energy intelligence firm Kpler sees Iranian exports plunging from 1.4 million bpd in April to around half-a-million barrels in May – down from 2.5 million in normal circumstances.
Venezuela’s output is also tumbling, down by over half since the third quarter of last year.
Kpler says data shows OPEC+ members have kept to agreed production cuts.
But exporters fear a rush to raise production to plug the gap left by Iranian exports could backfire, triggering a new supply glut.

Gulf tensions

Sunday’s meeting comes amid soaring Gulf tensions after the tanker “sabotage” and the drone attacks on a key Saudi crude pipeline.
Both attacks targeted routes built as alternatives to the Strait of Hormuz, the conduit for almost all Gulf exports.
Iran has repeatedly threatened to close the strait in case of war with the US, which announced this month it was sending an aircraft carrier and strike group to the region.
Saudi Arabia accused Iran of ordering the pipeline attacks, targeting “the security of oil supplies… and the global economy”.
Adel al-Jubeir, Saudi minister of foreign affairs, said Sunday his country does not want war with Iran, but was ready to defend its interests.
Saudi Arabia called on Saturday for urgent meetings of the Gulf Cooperation Council and the Arab League to discuss escalating tensions, government news agency SPA said.
It also said Crown Prince Mohammed bin Salman had spoken with US Secretary of State Mike Pompeo about enhancing security in the region.
Aljazeera.
Read More
No comments:
Labels:

Wednesday, 15 May 2019

World supplies, targets of oil facility attacks – Saudi Arabia

May 15, 2019 0
Saudi Arabia, the world’s top crude exporter, said Wednesday that attacks on two of its tankers and a major pipeline targeted the security of global oil supplies.
Drone attacks claimed by Iran-aligned Yemeni rebels shut down one of the kingdom’s main oil pipelines on Tuesday, further ratcheting up Gulf tensions after the mysterious sabotage of four ships, two of them Saudi tankers, on Sunday.
“The cabinet affirms that these acts of terrorism and sabotage … do not only target the kingdom but also the security of world oil supplies and the global economy,” it said after a meeting chaired by King Salman in the Red Sea city of Jeddah on Tuesday evening.
Tuesday’s drone strikes hit two pumping stations on the kingdom’s east-west pipeline, which can carry five million barrels of crude per day and provides a strategic alternative route for Saudi exports if the shipping lane from the Gulf through the Strait of Hormuz is closed.
Yemen’s Huthi rebels claimed responsibility for the strikes and said they were a response to “crimes” committed by Saudi Arabia and its allies during more than four years of war in support of the government.
The Saudi tankers Al-Marzoqah and Amjad suffered “significant damage” in as yet unexplained sabotage attacks in the Sea of Oman off the United Arab Emirates on Sunday, Energy Minister Khalid al-Falih said, but there were no casualties or any oil spill.
An Emirati official said three Western countries — the US, France and Norway — would be part of an investigation into the ship attacks along with the UAE and Saudi Arabia.
The ships — which also included the Norwegian tanker Andrea Victory and an Emirati vessel — were docked in the sea off the coast of the emirate of Fujairah, the official added.
Neither Saudi Arabia nor the UAE, both close allies of the United States, have yet given details on the exact nature of those attacks, which come amid heightened tensions between Washington and Riyadh’s arch-rival Tehran.
OPEC giant Saudi Arabia currently pumps around 10 million barrels per day (bpd) of which around seven million bpd are exported.
At present, most Saudi exports are loaded onto tankers at terminals on the kingdom’s Gulf coast and must pass through the Strait of Hormuz.
The Saudi cabinet called for “confronting terrorist entities which carry out such sabotage acts, including the Iran-backed Huthi militias in Yemen”.

– Iranian tools –

Iran has repeatedly threatened to close the Strait of Hormuz in case of a military confrontation with the United States.
The US has already strengthened its military presence in the region, including deploying a number of strategic B-52 bombers in response to alleged Iranian threats.
Iran and the US have engaged in a war of words in recent weeks since Tehran began to roll back commitments set out in a landmark 2015 nuclear deal with world powers.
US President Donald Trump withdrew the United States from the deal last year and has unilaterally reimposed tough sanctions on Iran.
The International Energy Agency said Wednesday that Iranian crude oil output fell in April to 2.6 million barrels per day, the lowest level in over five years, and could tumble in May to levels not seen since the 1980s war with Iraq.
Shiite-majority Iran rivals Sunni-ruled Saudi Arabia for influence in the Middle East, with the two taking opposing sides in multiple regional conflicts including in Yemen.
A military coalition, led by Saudi Arabia and the UAE, intervened in the Yemen war in March 2015 to bolster the efforts of the internationally recognised government against the Huthi rebels.
The conflict has killed tens of thousands and left up to 14 million Yemenis at risk of starvation according to UN agencies.
The head of the rebels’ Supreme Revolutionary Committee, Mohammed al-Huthi, said on Twitter Wednesday the “Yemeni people want the aggression to stop… and the embargo to be lifted”.
The Yemeni government condemned the Huthi-claimed attacks, saying the insurgents were tools of the Iranian regime.
“The Huthis work for the interest of the Iranian camp,” the government said in a statement carried by the state news agency Saba.
“The targeting of the oil (pumping stations) in Saudi Arabia… is further proof that the Huthi militia does not believe in peace.”
(AFP)
Read More
No comments:
Labels:

Sunday, 12 May 2019

TCN reveals why national grid collapsed

May 12, 2019 0
The Transmission Company of Nigeria (TCN) said the collapse of the National Grid on May 8, at 2:32 p.m. was caused by a multiple tripping on its substation in Onitsha, Anambra.
The Managing Director of TCN, Mohammed Usman, made the disclosure at a news conference in Abuja on Friday.
The national electricity grid had on Wednesday experienced some disturbances resulting in reduction of electricity allocation to electricity distribution companies in the country.
Yola electricity distribution company said it was allocated 0MW during the period while the Abuja electricity company said it received 20MW. Both electricity companies supply power to a minimum of three states each.
Mr Mohammed said that the collapse may also have been triggered because one of the generators went off.
“What happened a day before yesterday at 14:32 hours was a case of system collapse, we had tripping.
“The reason for the grid collapse was that there was a multiple tripping around Onitsha substation. We are also suspecting that one of the generators went out.
“We have sent our team of engineers to go and investigate, we normally investigate this kind of disturbances,’’ he said.
He however, said that in spite of the fragile nature of the nation’s power grid, TCN had achieved some level of stability on the national grid.
“Although, we have achieved some level of stability on the grid through the massive investment that we have done in the last two years.
“It does not mean that our grid has become disturbance-free because our grid is still very fragile. It is a journey that we are in that will take us to have a modern and stabilised grid.
“You remember, I had told you that we need to achieve four important things to have a stabilised grid.
“We need to have critical investment in lines and substations so that we put N-1 across the country, that will ensure that any equipment that goes out at any point in time will not affect supply on that area.
“For example, what happened in Apo recently, where we had a transformer that got burnt, we restored supply in two hours, because we had N-1 in that substation and that is what we are trying to achieve in all the country,” he said.
He said the company had raised 1.6 billion dollars for investment in lines and transmissions saying that attainment of the required investments in transmission would take some time.
“It is not what we will do in one day; the investment project for northern corridor transmission project, we just advertised; the one for Abuja, transmission project, we just signed, the one for Lagos and Ogun transmission project, we are about to launch the procurement process.
“The one for World Bank, we just launched the project, but the equipment has not arrived, so we are on a journey,’’ he said.
Mr Mohammed said that there was urgent need to have a functional SCADA in the power sector to monitor activities on the national grid.
“If we have a functional SCADA, it will show clearly what happened on the grid, and that is why we in TCN, deployment of SCADA is not an option, we have to deploy it.
“Because for us to have modern grid you need to have a functional SCADA, but management of the grid,’’ he said.
He said there was also urgent need to have a commensurate investment on the distribution chain to ensure a stable grid in the country. (NAN)
Read More
No comments:
Labels:

Thursday, 9 May 2019

FEC approves N2.5bn for pipeline installation

May 09, 2019 0
A pipeline installation to transport dry gas through the North and South corridors to the West corridor has been approved by the Federal Executive Council at the cost of N2.5billion.
The 30-kilometer project, which is operated by Shell and Seplat, has a dollar component of $32million.
It is designed to transport dry gas through the corridors and has a completion period of 18 months.
The approval was one of several memos considered by the FEC in Abuja during a 10-hour meeting that dragged into the night on Wednesday.
The session, which was presided over by President Muhammadu Buhari, ended about 10 pm.
Findings indicated that the FEC members came under pressure to hold the long session in a bid to treat many outstanding memos as the May 29 handover drew nearer.
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, said the aim of the contract to be executed by the Nigerian National Petroleum Corporation, was to ease the movement of gas across the country.
Kachikwu explained, “The significance of that is that the more we can gather gas to feedstock the pipelines that were built, the easier it will be to create that hop we are looking for to move gas around the corridors of Nigeria, north, south, east, and west as the case may be.”
He added that the ministry got another memo approved for the procurement of fire trucks for the headquarters of the Nigerian Content Monitoring Board at the cost of N420million.
Read More
No comments:
Labels:

Thursday, 2 May 2019

We are fully ready to commence metering – EKEDC

May 02, 2019 0
Mr Godwin Idemudia, the General Manager, Corporate Communications of Eko Electricity Distribution Company, on Thursday expressed the company’s readiness to commence Meter Assess Providers scheme to customers within its network.
Idemudia told the News Agency of Nigeria in Lagos State that the MAP programme would address some of the challenges associated with the metering gap within its areas of coverage.
NAN recalls that on April 5, the Nigerian Electricity Regulation Commission issued permits to Meter Asset Providers to roll-out new meters not later than May 1, 2019.
The EKEDC’S spokesman said that the MAP initiatives would bridge the metering gap, adding that MAP was introduced by Federal Government to address metering related problems.
“ It is a welcome development. This would be a new dawn in the power sector.
“Government should be commended for the initiative geared towards ending metering gap in the country and ensuring all electricity consumers within the Discos are metered to abolish estimated billings.
“ EKEDC is fully ready for MAP.
“With the MAP project on, we strongly believe the metering issues will be addressed, while estimated billings will also be fully addressed when meters are available.
“All areas of our network are a potential pilot scheme for MAP.
“Government appointed the vendors for the MAP programme to drive the project,’’ he said.
Idemudia also lauded the judiciary for their prompt judgment on vandals, adding that many vandals had been prosecuted and got judgement.
He said that the debts of Ministries, Departments and Agencies debts were running into billions, adding that the management was doing a lot to recover the debts.
“We have metered considerable numbers of customers since 2013 in thousands.
“We do not consider many hindrances or much challenges in the ongoing MAP scheme, but one thing that worries me is are Nigerians ready to pay for meters?
“The issue is either you pay out rightly for the meters or pay installmentally over a period of 10 years,’’ he said.
Dr Usman Abba Arabi, the General Manager, Public Affairs Department of NERC, in a statement on April 23, said customers of Discos should expect from the commencement of rollout date for meters to be installed in their premises within 10 working days of making payment to MAPs in accordance with Section 18 (3) of the MAP Regulations 2018.
He said the Commission would monitor closely the rollout plan of distribution licensees and overall compliance with the regulation and various service agreements by the MAPs and electricity distribution licensees.
(NAN)
Read More
No comments:
Labels:

Wednesday, 1 May 2019

Osinbajo says Nigeria will continue investment in renewable energy

May 01, 2019 0
The Federal Government of Nigeria would not relent in its concerted efforts to improve the country’s power sector, including providing off-grid solutions such as renewable energy in order to rapidly grow and transform the nation’s economy, according to Vice President Yemi Osinbajo.
Prof. Osinbajo stated this on Tuesday when he received a delegation from Total Group, led by its Chairman/CEO, Mr. Patrick Pouyanne, who paid him a courtesy call at the Presidential Villa, Abuja.
The Vice President said the Buhari administration is making concerted efforts towards improving power generation in the country, such as using solar energy to provide power for sections of the populace.
He said the Federal Government would be ready to partner with the private sector such as Total that have indicated interest in making investments not only in oil and gas, but also in electricity/renewable energy.
Prof. Osinbajo noted that “there is a lot of work that has been done to provide off-grid alternatives such as solar power. We have done quite a bit through the Energizing Economies Initiative, to provide electricity to Nigerians in economic clusters. It would be interesting to see some pioneering efforts in this area of renewable energy; it is a good opportunity to do something in this area and would be a major contribution to Nigeria’s energy needs.”
The Vice President commended the group for its contribution to the economy, especially with an increase in local content, noting that he hoped for a more robust relationship between the group and the Federal Government.
In his remarks, Pouyanne, who congratulated President Muhammadu Buhari and the Vice President for their re-election, said the group has achieved a high percentage of local content participation in one of its projects (Egina FPSO) in Nigeria.
“Our commitment to the country is strong and we have ambition to continue to be a long partner with Nigeria. Total is a leader in solar (energy) and we want to invest in all these fields in Nigeria,” Pouyanne said.
Also present at the meeting was the Honourable Minister of State for Petroleum Resources, Dr. Ibe Kachikwu; who noted that it was important that oil companies have an integrated approach to community development.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, and other senior government officials, were also present at the meeting.
Read More
No comments:
Labels:

Post Top Ad

Your Ad Spot