Energy theft: Eko Disco promises whistle blowers 20% of money recovered

Eko Electricity Distribution Company Plc (EKEDCP) has offered to pay anyone who reports energy theft by some unscrupulous elements 20 per cent of the money recovered from such thefts.

Mr Oladele Amoda, the Chief Executive Officer of EKEDCP, announced this at a stakeholders’ forum with Festac Town residents in Lagos on Friday.

Amoda said the measure became necessary against the backdrop of over N1 billion lost to the various forms of energy theft and vandalism in the zone.

The CEO, who was represented by Mr Sam Nwaire, the Chief Operating Officer, said it cost the company about N1  billion in the last three years to replace vandalised equipment and damaged meters by customers in a bid to bypass the meters.

According to him, a task force has been set up to inspect houses of consumers and impose a penalty of N1 million on anyone caught in energy theft.

Amoda said the company would henceforth commence effective prosecution of energy theft suspects  and also publish their names in the national dailies.

“We appeal to our customers to avoid engaging in bye-passing the meters because its criminal and punishable under Electricity Regulation Code of Conduct Act.

“ l will advise customers to exercise patience with EKEDCP as we promise to address all the issues as regards estimated billing and other  challenges,’’ he said.

On pre-paid meters, the CEO  said the company has started  installation of over 4,000 pre-paid meters to residents of Festac and its environs, adding that the first batch of 1,000 meters had been installed.

He said that the company would ensure that 4,000 pre-paid meters are installed  before the end of the year, while appealing to residents to ensure prompt payment of their bills.

Amoda stressed:“ We have deployed the first phase of 1,000 meters to residents of Festac, we promised to install over 4,000 meters before the year ends.


“We will ensure effective roll-out of pre-paid meters to residents of Festac, Satellite Town, Amuwo and its environs because we are committed to serving our customers very well.


“We appeal to residents to place order for the meters and it will be installed. Most residents prefer to pay little bills because they are cheating the company through bye-passing of meters.”

The EKEDCP boss said the company was owed N4.2 billion  by residents of Festac Town and urged consumers to settle their debts.

“We have designed a model that allows customers to pay their huge debts by  installment to encourage them settle their debts at ease.


“We all know what Nigeria is going through today; the challenge is everywhere. I know how you people feel and I want to tell you also that we are not also happy with power situation.

“But I want to assure you that we are doing all we can under the law to improve power supply to our customers.’’

IPMAN suspends strike as NNPC wades in

The leadership of the Independent Petroleum Marketers Association of Nigeria, IPMAN, on Monday announced the suspension of a scheduled nationwide strike following a meeting with the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru in Abuja.

How good government policies can reposition Nigeria’s oil and gas sector

For over half a century since it began operations, the Nigerian oil and gas sector has witnessed a decent level of activities. The industry has witnessed twists and turns as a result of policies or lack of it. It has equally not been spared the volatility that has characterised the global oil industry in recent times. Industry experts as well as players believe that despite what could be happening in the oil industry globally, the responsibility for giving direction to the Nigerian oil and gas sector rests on the government. Its actions or inactions will ultimately determine how well the industry fares.

Deregulation: PPPRA vows to fight marketers profiteering

…achieves 75% downstream deregulation

…..Says PPPRA will not produce biofuel

 

The Petroleum Products Pricing Regulatory Agency (PPPRA) has vowed to sanction petroleum marketers exploiting motorists and users of petroleum products. This is a follow up to fear being entertained by Nigerians over possible hike in prices of petroleum products with deregulation.

Oando divests interest in captive power plants

The Oando Gas and Power (OGP), a subsidiary of Oando Plc, said it has decided vested interest in captive power plants and focus its ambition on expansion of gas infrastructure.

Speaking on the sideline of 16th Nigeria Oil and Gas Conference and Exhibition in Abuja recently, the Managing Director, OGP, Mr. Bolaji Osunsanya, stated that “As portfolio developers, we’ve divested from our captive power plants and aggressively focused on the expansion of our Gaslink franchise which serves over 160 industrial and commercial customers across the Greater Lagos area.

“Our Joint Venture subsidiary with the Rivers State government, Central Horizon Gas Company, is poised to complete an additional 9km of pipeline infrastructure within the Trans-Amadi area by the end of first quarter of this year.

“Also, our Compressed Natural Gas (CNG) entity, Gas Network Limited (GNL), which is our pioneering virtual pipeline initiative currently, delivers gas to customers within a 100km radius.”

In the medium term, Osunsanya said the firm’s five critical flanks are to ensure gas supply security, develop virtual pipelines asset stable and gas processing infrastructure. In the long term, he noted that OGP expects long term appropriate infrastructure financing, expansion of last mile distribution infrastructure with a particular focus on regional growth.

However, Osunsanya said his company is set to take the final investment decision (FID) on its planned multi-million $20 million standard cubic feet per day (mmscf/d) mini-liquefied natural gas (LNG) plant to be located in Ajaokuta, Kogi State, before end of June.

He said after taking the FID, construction of the facility would begin in the third quarter of the year.

He stated that the essence of building virtual in the Ajaokuta mini-LNG is to create other ways of bringing natural gas to industrial and commercial concerns because pipeline vandalism is taking a toll on their operations.

OGP is developing LNG facility via its newly-created Transit Gas Nigeria Limited (TGNL) subsidiary in partnership with Nigerian Gas Company (NGC). The facility aims at meeting the gas supply requirements for captive power plants, embedded generation, and industrial clusters in the Northern region, as well as stranded customers in the South.

Osunsanya also said the firm has developed over 260km of gas pipeline distribution network, and pioneered the development of gas infrastructure and solutions across southern Nigeria, adding that the company has divested from its captive power plants.

“OGP targets to increase gas sales levels from an average volume of 47mmscfd in 2016 to about 70mmscfd in the year. It also expects to complete and commission projects such as Greater Lagos 4 (GL4), and Central Horizon Gas Company (CHGC) expansion as well as aggressive regional expansion opportunities into Benin, Togo, Ghana, and Senegal,” he said.

Last December, OGP completed the divestment of 49 per cent stakes Oando’s midstream business subsidiary, Oando Gas and Power Limited to Glover Gas & Power B.V., a special purpose vehicle owned by Helios Investment Partners at a cost of $115.8 million.

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