Connect with us

Energy

Renewable energy: LASG ready to partner investors

Published

on

By Kunle KALEJAYE

LAGOS – The Lagos State Government has expressed readiness to partner with investors in implementing a framework that will harness its renewable energy resources.

The framework is expected to encourage and guide the development of renewable energy projects by all stakeholders in both the public and private sectors.

The Permanent Secretary, Ministry of Energy and Mineral Resources, Mrs. Regina Obasa disclosed this at a Community Enterprise Development Conference held at De Renaissance Hotel, Ikeja.
The Permanent Secretary who represented the Governor of Lagos State, Mr Babatunde Fashola (SAN) said that Lagos being the commercial and economic capital of Nigeria implies that Lagos State as a mega-city requires a lot of energy to thrive.

“Lagos require adequate access to energy for economic transformation of the State. It is one of the fastest ways to cut rural poverty, boost productivity and accelerate education and health outcomes, both in urban and rural areas” the Permanent Secretary said.

Mrs. Obasa disclosed that Lagos requires minimum of 10, 0000 megawatts of electricity daily but hardly get 700Megawatts from the national grid.

To address the inadequacy, the State is investing in independent power projects (IPP) to take care of government offices and establishments thereby releasing more power to Lagosians.

While decrying Federal Government policies that are not effective especially in the area of electricity generation, she called for a Legislation that will allow each state to generate and transmit its own electricity for its citizenry.

She also called on investors to take advantage of abundant renewable resources like solar, biomass, wind, hydro and tidal waves with low greenhouse gas emission coefficients and primary energy factors to ensure availability, accessibility and affordability to modern energy for economic and commercial activities.

Declaring the workshop open, the Permanent Secretary, Ministry of Local Government Establishment and Pension Office, Mr Ashimi Jamiu Adewole called on the Federal Government to put in place policies that will protect the intellectual copyrights of Nigerian so as to encourage others to develop and build up infrastructures in the renewable energy sector of the economy.

Convener and Executive Director, African Women and Youth Organisation, (AWYO) Mrs. Olayinka Elizabeth Adekunle said the major objective of the workshop is to create a first-hand meeting with German investors and research institutes in Lagos to dialogue on possible area of partnership and funding as well as identifying detailed means of using viable alternatives to help solve present and future challenges in the energy and agricultural sectors thus ensuring food sustainability and economic security.

Lead facilitator and Head of Bioeconomy, German Institute of Food Technology, Dr. Alexander Mathys, spoke extensively on the German experience in alternative energy and Food security and Sustainability which he said can be replicated in Nigeria.

Speakers at the workshop called for a more concerted effort by both the State and Federal Government to be involved in international research and development and the application of commercially viable, large-scale technologies for renewable sources of electricity generation and food production in the Country.

Participants at the workshop were drawn from both the Local and State Government Ministries, Departments and Agencies.

5 Comments
0 0 votes
Article Rating
Subscribe
Notify of
5 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
como retirar en 1win venezuela pago móvil

212398 312269Keep up the wonderful function , I read couple of weblog posts on this site and I believe that your web site is real intriguing and has bands of great info . 772294

ซื้อเหล้าออนไลน์

221190 796777Its hard to uncover knowledgeable folks on this topic however you sound like you know what you are talking about! Thanks 764051

Angthong National Marine Park

29183 785672Possible demand all types of led tourdates with some other fancy car applications. Numerous also provide historic packs and other requires to order take into your lending center, and for a holiday in upstate New York. ??? 661518

โบลเวอร์ kruger

575450 672132Glad to be 1 of several visitants on this incredible internet web site : D. 71964

clothing manufacturer
9 months ago

109788 240055Great info numerous thanks sharing and reaching us your subscriber list. 694514

Energy

N4bn Compensation Dispute Threatens Ikot Abasi Power Project

Published

on

Nearly 20 years after the Federal Government awarded the contract for the 330kV Ikot Abasi Transmission Line, the Niger Delta Power Holding Company Limited (NDPHC) has turned to the Akwa Ibom State Government to break a N4 billion compensation deadlock threatening the completion of the strategic power project.

The transmission project, awarded in 2006 under the National Integrated Power Projects (NIPP), has remained stalled primarily over unresolved community and wayleave compensation issues.

But, to ensure the completion of the project, NDPHC Managing Director/Chief Executive Officer, Jennifer Adighije, is now seeking the intervention of Akwa Ibom State Governor, Pastor Umo Eno, to clear the outstanding issues and enable the contractor, Anit Energy, to return to site.

Adighije made the appeal during a courtesy visit to the Governor in Uyo, Akwa Ibom State.

READ ALSO: Organised Labour Supports Workers’ Demand for N500 PMS Price, N500,000 Minimum Wage

She disclosed that the latest valuation of the outstanding wayleave obligations was slightly below N4 billion.

The NDPHC boss said the prolonged delay was particularly concerning because the contractor had reportedly completed about 90 per cent of the engineering, procurement and construction procurement for the project.

She added that substantial project materials, including conductors and tower members worth millions of dollars, had already been deployed along the project corridor between Adiasim and Ikot Ekpene, but were still lying across communities as the impasse persists.

“We are therefore pleading for your kind intervention as a shareholder and board member of the company,” Adighije told the governor.

According to her, resolving the outstanding community issues would allow the contractor to remobilise to site and bring the long-delayed project to completion.

NDPHC is now targeting May 29, 2027, for commissioning of the transmission line, subject to the successful resolution of the outstanding compensation and community challenges.

Adighije said NDPHC was keen to support the state’s development ambitions through its role as a major interventionist agency in Nigeria’s electricity sector.

“We want to be part of your ARISE Agenda,” she said, referring to the governor’s development programme.

She also welcomed the establishment of the Akwa Ibom State Electricity Regulatory Commission, saying NDPHC had commenced discussions with the commission on the development of appropriate electricity-market frameworks for the state.

According to her, officials of the commission had visited NDPHC and requested information on the company’s projects in Akwa Ibom, while a joint working group was being established to examine how the assets could be better utilised and electricity access extended to underserved communities.

Also speaking, NDPHC Executive Director, Strategy and Commercial, Mr. Patrick Obahiagbon, commended the Governor’s administration for its development initiatives across the state.

Responding, Governor Eno welcomed the NDPHC initiative and pledged to take the Ikot Abasi project before the State Executive Council for consideration. The governor said the state government would examine the outstanding issues and determine how it could intervene to facilitate the completion of the project.

Continue Reading

Energy

Nigeria-Libya Gas Pipeline as FG Eyes New LNG Markets

Published

on

There are indications that the Nigeria-Libya Gas Pipeline would go from the drawing board to reality, as it has emerged as a major option to help Nigeria break into new markets for her gas reserves.

The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, disclosed this at Gastech 2026 in Bangkok, Thailand, during a high-level engagement with global energy companies, investors and governments on expanding Nigeria’s gas production, infrastructure, domestic utilisation and export markets.

The renewed push for the Nigeria-Libya pipeline topped the agenda for the meeting between Ekpo and Libya’s Minister of Oil and Gas, Dr Khalifa Rajab Abdulsadek.

Under the proposed framework, Nigeria and Libya are expected to explore a Memorandum of Understanding (MoU) and establish a joint technical team to assess the feasibility, financing, infrastructure requirements, security considerations and commercial viability of the project.

READ ALSO: ‘Obi Has Nowhere to Hide’ — APC Campaign Council Tackles Peter Obi Over Anambra Record

The NNPC Limited is expected to spearhead Nigeria’s participation in the bilateral initiative. If developed, the pipeline would provide another potential route for transporting Nigerian gas through North Africa to European markets, giving Nigeria an additional platform to monetise its gas resources beyond existing LNG channels.

According to Ekpo, the Federal Government was determined to create an investment environment capable of attracting the capital, technology and strategic partnerships required to convert the country’s gas reserves into economic growth, industrial development and jobs.

“Nigeria is open for business. We have put in place the right fiscal policies and operating environment, and the security of investors and their investments is guaranteed,” he said.

He revealed that the NNPC Limited would play a central role in translating Nigeria’s bilateral energy engagements into commercially viable projects, strategic investments and sustainable development.

The minister’s engagements also revealed plans by major industry players to significantly ramp up domestic gas production and infrastructure.

Continue Reading

Energy

Gas Industry Must Commercialise Methane – NLNG

Published

on

Gas producers must stop treating methane reduction as an environmental cost, because methane released into the atmosphere represents lost gas, lost revenue and lost energy that could otherwise be recovered and sold.

The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG) Adeleye Falade, made the declaration during a panel titled “Capturing the Lost Opportunity: Driving Global Alignment on Methane Abatement Across Natural Gas Supply Chains,” at the Gastech 2026 Exhibition and Conference in Bangkok, Thailand.

READ ALSO: Spike in Petrol Price Moves NLC to Demands Emergency Palliatives

Taking from the company’s experience, he highlighted that investments in methane abatement could pay for themselves while improving plant efficiency and asset reliability.

The NLNG CEO said the commercial value of recovering lost gas should become a central part of the global industry’s approach to methane management.

“Every tonne emitted is lost product, lost revenue and lost energy; gas we could have sold. Every molecule of methane avoided is both an emissions reduction and a recovered energy resource.”

According to him, the NLNG’s new boil-off gas compressor and start-up gas recovery project demonstrate the business case for methane reduction, with each project expected to deliver methane reductions of about 10–15 percent while also recording positive projected net present values. “The most compelling business case is the simplest one: the projects that cut our methane also pay for themselves.

“The same discipline that reduces methane also improves asset reliability and plant efficiency. The returns show up in more places than the emissions ledger,” Falade said.

He added that the starting point for methane abatement was credible measurement of gas losses, which enables companies to identify where methane is being lost, channel investment towards the right interventions and independently verify the results.

According to Falade, the NLNG had demonstrated that producers in developing economies could meet globally recognised standards for emissions measurement and reporting, despite infrastructure and other constraints.

He disclosed that the NLNG had achieved Gold Standard recognition under the Oil and Gas Methane Partnership (OGMP) 2.0 and became the first company in Africa to attain Level 5 methane emissions reporting.

Its measurement, reporting and verification system is independently assured by DNV in line with ISO 14064.

The NLNG’s methane-management programme includes site-wide optical gas imaging, a structured Leak Detection and Repair programme, as well as phased deployment of continuous monitoring and real-time emissions dashboards across its plant and vessels.

Falade said methane reduction was also being incorporated into the design of Train 7, which is expected to raise the NLNG’s LNG production capacity from 22 million tonnes per annum to 30 million tonnes.

The commercial case for emissions abatement was not new to Nigeria, he added, pointing to the NLNG’s longstanding role in converting gas that would otherwise have been flared into a marketable product.

According to him, the company’s activities have contributed to reducing Nigeria’s gas-flaring rate from above 65 percent to below 20 percent.

Beyond its own operations, Falade revealed that the NLNG was extending methane-management requirements across its supply chain through its Scope 3 Advocacy Plan.

The company engages feed-gas suppliers and contractors to measure, disclose and reduce emissions, while verified upstream emissions data and emissions-related criteria are incorporated into supplier selection and evaluation.

Falade also called for greater consistency in methane measurement and reporting requirements across jurisdictions, arguing that divergent standards make enforcement uneven and complicate meaningful comparisons between producers.

“The industry does not need weaker standards; it needs stronger, shared ones backed by real measurement,” he said.

On the tension between emissions reduction, energy access and affordability, Falade said developing economies should not be forced to choose between economic development and climate action.

“Developing economies cannot be asked to choose between economic development and emissions reduction. Both must progress together,” he said.

Other panellists were Zubin Bamji of the World Bank, Niels Dijksman of Brunei LNG and Hiroyuki Mori of JOGMEC.

The session was moderated by energy economist Dr Carole Nakhle of Crystol Energy.

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.

5
0
Would love your thoughts, please comment.x
()
x