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Nigeria News – Buhari flags off $2.8 billion gas pipeline project, biggest in Nigeria’s history

Nigeria News – Buhari flags off $2.8 billion gas pipeline project, biggest in Nigeria’s history

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Energy

The job will increase domestic gas usage, power generation, and industrialization.

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President Muhammadu Buhari will be making history as he flags off the construction of the $2.8 billion 614 km Ajaokuta-Kaduna-Kano (AKK) gas pipeline, the single biggest gas pipeline task in Nigeria’s history, by Tuesday June 30, 2020, in Ajaokuta (Kogi State) and Rigachikun (Kaduna State).

Governmental Flag-off of the Building Phase of the #AKK Gas Pipeline Project Holds Tuesday, 30 th June 2020 in Ajaokuta (Kogi St) & Rigachikun (Kaduna St). The job will increase domestic gas intake, power generation & industrialisation. @MBuhari @FemAdesina @BashirAhmaad pic.twitter.com/3LZou37 EdK

— NNPC Group (@NNPCgroup) June 27, 2020

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The job, which is chasing months of discussions in and out of the country, will improve domestic gas usage, power generation, and industrialization.

The AKK pipeline project, which will carry gas between the southern and northern parts of the nation, will ultimately encompass North Africa.

The Nigerian National Petroleum Corporation (NNPC) initially revealed tenders for this job in July2013 A task proposition was sent to the Infrastructure Concession Regulatory Commission (ICRC) in June 2017, and the Federal Executive Council consequently approved approval in December 2017.

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The 614 kilometers-long natural gas pipeline is Phase One of the Trans-Nigeria Gas Pipeline (TNGP) job, to be done on a build-and-transfer Public Private Partnership (PPP) basis. It will carry 3,500 million metric basic cubic feet daily of dehydrated gas from a number of gas event jobs located in southern Nigeria.

The task will be in 3 phases:

  • The first phase is 200 kilometers long and is in between Ajaokuta and Abuja, at a projected expense of $855 million.
  • The second phase is 193 kilometers long, in between Abuja and Kaduna. It is estimated to cost $835 million.
  • The third stage is 221 kilometers-long, between Kaduna and Kano, at a predicted expense of $1.2 billion.

It will ultimately reach North Africa in subsequent stages.

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The AKK gas pipeline job will create steady and surefire gas supply network in between the Northern and Southern part of Nigeria, and improve power generation capacity. The industrial sector will be reinforced, local use of gas will be promoted and increased, and the nation’s profits generation improved through export of natural gas.

Nigeria, presently ranked the 7th most endowed natural gas country on the planet, sits on about 180 trillion cubic feet of gas deposits, which can be made use of as gas to power, gas to petrochemicals, liquefied gas (LNG), melted petroleum gas (LPG), and compressed gas (CNG), to name a few.

Over the years, Nigeria has actually exploited its oil resources more, to the hinderance of gas, which by the way brings more revenue although more pricey to prospect.

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One big advantage the average Nigerian can anticipate is the advancement of compressed gas (CNG), which is still at pilot stage in the country.

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Chike Olisah is a graduate of accountancy with over 15 years working experience in the monetary service sector. He has actually worked in research study and marketing departments of three leading industrial banks. Chike is a senior member of the Nairametrics Editorial Group.
You may call him via his e-mail- [email protected]

Nigeria News - Buhari flags off $2.8 billion gas pipeline project, biggest in Nigeria's history 1

Energy

The absence of a market reflective tariff had actually continued to have a negative impact on the sector.

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June 27, 2020

Nigeria News - Discos, TCN suspends KEDCO, TCN suspend Kano Electricity Distribution Company, Kano Electricity Distribution Company, Transmission Company of Nigeria, Market Operator in Nigeria's power sector

Electrical Power Circulation Companies (DisCos) have actually pleaded with the Federal Government to intervene in gas prices for power generation, as this has been a major difficulty in the power sector. This is to assist make sure reliable and effective delivery of service to consumers.

This was revealed in a declaration by the Executive Director, Research and Advocacy, Association of Nigerian Electricity Distributors (ANED), Sunday Oduntan, on Saturday, June 27, 2020, in Abuja.

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He pointed out that the cost of gas was a significant factor of the electrical power tariff in Nigeria, including that it was due time the Federal Government found a way to help lower the cost of gas in the interest of the sustainability of the power sector.

LEARN MORE: Ban on generators: Tossing the child with the bath water?

Oduntan specified, ” Most of Nigeria’s power generating plants are thermal plants. They utilize gas as their fuel and as long as the rate of gas is high, the cost of generation and the ultimate tariff to the end user will also be high.”

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He stated, “At present, the energy generation mix is around 80%thermal and 20%hydro.

It was noted that the lack of a market reflective tariff had continued to have a negative influence on the sector and had actually been a significant factor to the N1.5 trillion liquidity space in the sector.

He said that a brand-new efficiency driven increased tariff structure would be implemented with impact from July 1, 2020, as a step towards narrowing the liquidity gap.

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READ MORE: Minister of Power mentions the impact of COVID-19 on power sector

Nairametrics had actually reported that the National Electricity Regulatory Commission (NERC), had postponed the liftoff of the new electrical energy tariff by the DisCos, which was expected to begin on April 1, 2020.

This was due to claims that 60%of electrical power customers were unmetered nationwide, the coronavirus pandemic which has substantially affected the capability of the DisCos to meter consumers, require for network and infrastructure upgrades by the DisCos and Transmission Business of Nigeria, and so on.

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Energy

The evaluation remains in accordance with regulative policies to show present macroeconomic realities of the nation.

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June 27, 2020

Nigeria News - TCN FG approves N600 billion disbursement for power sector

Ikeja Electric, Eko Electrical Energy and other Distribution Companies have revealed that their customers would pay more for power consumed from July 1, 2020, as the DisCos are set to increase their tariff in line with regulatory policies targeted at improving service shipment.

This was divulged by the duo in statements released through their Twitter handles on Friday.

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In the declaration, they discussed that the review remains in accordance with regulative policies that allows a periodic tariff review to reflect current macroeconomic truths of the country.

It mentioned, “The objective is to guarantee a service reflective tariff that will enable our companies the required Performance Enhancement Prepare for Electricity Circulation Business in Nigeria and attain financial and fiscal sustainability in the Nigerian power sector.

” The tariff review ends up being important thinking about the need to improve quality service to our respected customers. The new tariff will be strictly service reflective as consumers are anticipated to pay tariff based upon the electrical energy supply readily available to them.

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” We understand the hassles this may position to our consumers particularly throughout the Coronavirus pandemic duration however desire to reiterate this was done to enhance the quality of service offered by DisCos.”

PUBLIC NOTICE

This is to inform our respected customers of the Upward Review of the Electricity Tariff which takes effect from July 1,2020 #ekoelectricity #empoweringqualityoflives #tariff pic.twitter.com/l8NztEd8oU

— Eko Electrical Power Distribution Business (@EKEDP) June 26, 2020

On The Other Hand, Nairametrics had reported in last January that the brand-new electrical energy tariffs would be introduced by the Nigerian Electrical Energy Regulatory Commission (NERC) reliable from April 1, 2020.

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Why NERC desires to increase tariff: The increase in rate is a follow-up to the charges set in 2015.

The Minister of Power, Saleh Mamman, had actually said in a Nairametrics report that the hike was inescapable due to the rising cost of electrical energy generation in Nigeria. According to him, improvement in electrical energy supply demanded the requirement to increase the electrical power tariffs.

Mamma said electrical energy supply was being impacted by cost-ineffective tariff and that it was a downside on the operation of the energy suppliers. So, if electrical power supply was to enhance, there’s a requirement for procurement of needed equipment that would reflect on the electricity tariff.

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Energy

Chunk of month-to-month loss of over N30 billion sustained from the large number of clients participated in energy theft.

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June 26, 2020

Nigeria News - Discos call for sanctions on perpetrators of electricity theft to curtail monthly loss of N30 billion

The Electrical Power Circulation Companies (DisCos) have actually decried a monthly loss of over N30 billion earnings to electrical power theft, and called for appropriate legislation to inspect the act.

According to a declaration issued by Mr Sunday Oduntan, Executive Secretary, Research Study and Advocacy, Association of Nigerian Electrical Energy Distributors (ANED), the losses results from the large number of clients, taken part in energy theft, meter bypass, vandalism and overdue electricity bills.

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Oduntan explained that over 40%of electricity consumers do not pay their electricity bills, as they indulge in illegal connection of electrical power.

READ ALSO: DisCos react to NERC’s danger to revoke operators’ licenses

According to NAN, DisCo operators attributed the difficulties to form the huge part of the DisCos’ Aggregate Technical, Commercial and Collection (ATC&C) losses, and required efficient legislation against them.

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” There is requirement for efficient legislation by the National Assembly to checkmate energy theft in the nation as the practice is costing the power sector billions of naira monthly.

” The power sector is presently coming to grips with a liquidity shortfall of over N1.5 trillion occasioned by a combination of adverse conditions amongst which is the high rate of energy theft,” he stated.

Oduntan said that in the presentation by the Discos throughout, they revealed an instance where out of N277 billion that was billed for energy consumed in 2019 by unmetered clients, just N5.2 billion was recovered.

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( LEARN MORE: DisCos earn N473 billion in 2019, reveal factor for metering gap)

With each Disco losing an approximate of N3 billion regular monthly, the overall loss from 11 Discos puts the loss at over N33 billion, he described.

” The sector can not continue like this. There is no sector on the planet where criminal acts affecting critical sectors are not provided unique treatment. Till people understand that there are charges for the particular criminal offense of energy theft, this is not going to stop, “Oduntan said.

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To reduce these occurrences and guarantee higher transparency, the companies are striving to make sure availability of meters. Nevertheless, this move has to be matched by particular legislation since of occurrences of meter bypass.

” There is a mindset that stealing electrical energy is alright which needs to be fixed through the enactment of appropriate legislation,” Oduntan said.

The DisCos were teaming up with security companies and the judiciary towards enforcing actions that could discourage energy theft.

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