Connect with us

Energy

Asset ownership key to Nigerian Content Development -Wabote

Published

on

Asset ownership key to Nigerian Content Development -Wabote

Precious ADELOLA

ABUJA-INDIGENOUS service companies in the Nigerian Oil and Gas Industry have been advised to invest in asset ownership because it is a major yardstick used by the Nigerian Oil and Gas Industry Content Development (NOGICD) Act to define Nigerian companies and confer advantages on them.

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote gave the advice on Friday in Port Harcourt, Rivers State while commissioning PIMO Services Ltd’s new facilities and equipment.

He explained that the acquisition of important assets defined genuine Nigerian businesses who are not middlemen or commission agents but are positioned to offer top-notch services in-country.

He added that investment in assets also proves that Nigerian businesses are taking up the challenge to grow their outfits and contribute to in-country capacities and capabilities.

Assets commissioned by the Executive Secretary included Operational Bases I & II of PIMO Services and their newly acquired equipment, which included Hydro Hammer with the capacity of 200 kilo Joules, Internal Lifting Tools with the capacity of 250 tons, up to 42-inch diameter Conductors and Casing Running Tools, and many other state of the art tools to service the oil and gas industry.

He expressed delight that the acquisition of the modern tools and equipment afforded the company’s engineers and technicians the opportunity to develop requisite skills and competence to handle various jobs thereby enhancing engineering capabilities within the country.

Read Also >> INEC Bows To Pressure, Backdates Documents To Favour APC, Recognises Lawan, Akpabio As Candidates

While commending the management of the company for investing and contributing significantly to the growth of the Nigerian Oil and Gas sector, Wabote added that the investments also supported the Board’s 10-year strategic roadmap aimed at increasing the level of Nigerian Content in the Oil and Gas sector to 70 percent by 2027.

He noted that PIMO Services was the second facility he was commissioned in Port Harcourt since the outbreak of COVID-19 pandemic in March 2020, describing it as signs that better days were gradually returning to the oil and gas industry.

He called on other oil and gas service providers to emulate PIMO Services in their focus and dedication, adding that the growth of oil and gas facilities needs to be worked on steadily till full rewards are realized.

In his remarks, the Managing Director of PIMO Services, Mr. Pius Uwhubetiyi stated that some of the equipment and tools it acquired were the only ones in Nigeria. He noted that the company’s investment in Hydro Hammer would save project promoters about 90 days that are normally spent importing and exporting the equipment for projects, while another major piece of equipment saved Total Energies about US$600,000 when it was deployed on Ikike Field Development Project.

He added that the company was working to become the first firm to produce casing accessories in Nigeria, adding that it had the capacity, competence, and character to deliver on areas of expertise.

PIMO Services Limited is a wholly owned Nigerian Company and it had developed skills in the provision of quality engineering services such as Mechanical, Civil & Structural, Electrical Installation/Maintenance, Fire and Gas Systems, and other services to the oil and gas industry.

 

Energy

Minister of Power, Adelabu Champions Mini-Grids Amid Northern Power Crisis

Published

on

In the wake of a prolonged power crisis impacting Northern Nigeria, Minister of Power Adebayo Adelabu visited the Zawaciki 1MWp mini-grid project in Kano, underscoring the potential of decentralized renewable energy solutions to alleviate regional power shortages.

The project, operated by Bagaja Renewables, provides daytime electricity to the Gida Dubu community, offering a vital source of power as the region faces widespread blackouts.

READ MORE: BREAKING: NPF Arraigns VDM Over Impersonation

Sadiq Zakari, Managing Director of Bagaja Renewables, welcomed the Minister to the facility and highlighted the critical timing of the visit.

“Bagaja Renewables had the distinct honor of welcoming the Honorable Minister of Power to the Zawaciki 1MWp interconnected mini-grid,” Zakari said.

“This visit comes at a critical time, as Northern Nigeria endures a prolonged blackout, underscoring the urgent need for alternative power solutions.

The Zawaciki mini-grid has been instrumental during this crisis, providing at least 9 hours of daytime electricity to the Gida Dubu community, demonstrating the potential of renewable energy in addressing the region’s energy needs.”

Minister Adelabu praised the Zawaciki project as a model for interconnected mini-grids nationwide, noting its role as a sustainable solution for communities grappling with unreliable power supply.

“The Honorable Minister expressed admiration for the Zawaciki project, recognizing it as a viable proof of concept for interconnected mini-grids across Nigeria,” Zakari stated.

“He emphasized the importance of such initiatives and called on state governors and other key stakeholders to support efforts to decentralize and strengthen the nation’s power infrastructure.

By backing projects like Zawaciki, stakeholders can play an instrumental role in reducing reliance on the national grid and ensuring a more stable power supply for local communities.”

Zakari underscored the transformative potential of private-sector renewable energy projects in Nigeria’s power landscape.

He said, “As we have witnessed here at Zawaciki, private-sector-driven renewable energy solutions can transform Nigeria’s energy landscape. With the right policies and support, we can empower communities and enhance energy resilience, even in times of national power instability.”

In addition to the Zawaciki project, Bagaja Renewables is developing several renewable energy initiatives across Northern Nigeria. Among these are:

Barhim Estate, Katsina: A residential power initiative aimed at expanding energy access for households in the region.

Kura-Karfi Commercial Cluster, Kano: Focused on delivering clean and reliable power to commercial areas, this project aims to support local businesses and stimulate economic growth.

Kafin Hausa, Jigawa: With site fencing completed, Bagaja Renewables is preparing to begin technical design and engineering work for a mini-grid in Kafin Hausa, slated to start construction soon.

Zakari said, “These projects represent Bagaja Renewables’ unwavering commitment to building a resilient, decentralized, and renewable-powered energy future across Northern Nigeria.

“Bagaja Renewables is dedicated to collaborating with the government and stakeholders to scale up renewable energy solutions that will support communities, industries, and essential services.

“We believe that decentralized power generation is the future for Nigeria, and we are eager to contribute to a sustainable, reliable, and inclusive energy system for all.” he added

 

 

Continue Reading

Energy

Power Restored In Four Northern States After 10-Day Blackout

Published

on

Power has been restored across Plateau, Bauchi, Gombe, and Benue States, bringing relief to residents who endured a 10-day blackout.

The Jos Electricity Distribution Company confirmed that electricity was reinstated around 7:20 p.m. on Wednesday, prompting celebrations in Jos, the Plateau State capital, and other affected areas.

READ ALSO: JUST IN: Tinubu Appoints Major General Oluyede As Acting Chief of Army Staff

The prolonged outage was caused by the tripping of a major 330kV transmission line between Benue and Enugu states, leaving several northern states without power.

The blackout severely impacted daily life and economic activities, with residents expressing frustration over the disruption to businesses, healthcare services, and personal livelihoods.

In response, President Bola Tinubu took swift action, summoning Minister of Power Adebayo Adelabu and National Security Adviser Nuhu Ribadu to address the crisis.

Presidential Adviser Bayo Onanuga disclosed on Monday that President Tinubu directed the Ministry of Power and relevant agencies to expedite restoration efforts.

“President Tinubu is deeply concerned about the reports of vandalism and deliberate destruction of essential power infrastructure,” Onanuga said in a statement.

“The President has tasked TCN engineers with bringing immediate relief to the affected states and implementing a long-term solution to prevent future outages.”

 

 

Continue Reading

Energy

Nigerian Power Supply: FGN Nears PPI Completion

Published

on

The Federal Government of Nigeria Power Company (FGN Power Company) has announced significant progress in the pilot phase of the Presidential Power Initiative (PPI), which is set to revolutionize the nation’s electricity transmission landscape.

The initiative, in partnership with Siemens, aims to enhance the country’s power infrastructure through the deployment of advanced technology and equipment.

READ MORE: ‘Only Savior Created By God For Nigeria’ – Presidency Slams Obasanjo

Kenny Anuwe, the Managing Director and CEO of FGN Power Company, revealed that the installation and commissioning of eight power transformers across key locations are now complete.

The transformers have been successfully deployed in Ajah, Maryland, Apo, Okene, Ihovbor, Amukpe, Potiskum, and Birnin Kebbi, resulting in a notable increase in the transmission wheeling capacity by 569.6 megawatts (MW).

In addition to the transformers, three mobile substations are operational in Ajah, Jebba, and Kawnar Dangora, further boosting the transmission capacity by an additional 151.2 MW.

Anuwe emphasized that these enhancements are pivotal in addressing the energy needs of the country and supporting economic growth.

Looking ahead, Anuwe stated that the transmission network will be augmented by an impressive 720.8 MW, with plans to commission the remaining equipment to deliver at least another 500 MW by the end of 2024.

This strategic initiative is expected to significantly improve power distribution and reliability, marking a transformative step towards a more robust energy sector in Nigeria.

 

 

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.