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Fate of DisCos shaky as govt plans other options

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BY: The Nation

Years after it was privatised, the power sector has failed to deliver the desired result, the Federal Government said yesterday.

Vice President Yemi Osinbajo, who delivered the verdict, spoke of other options to re-engineer the sector for effective power supply to meet domestic and industrial needs of Nigerians. He was not specific on the options.

Prof Osinbajo laid it bare in his May Day address to workers at the Eagle Square in Abuja. He said the government was not happy that several years after the sector was privatised, it has failed to deliver.

The Power Holding Company of Nigeria (PHCN) Plc. was unbundled in 2013 during the administration of Dr. Goodluck Jonathan. It was to allow for private sector involvement in the generation and distribution of power.

The vice president, who represented President Muhammadu Buhari, said the government was “strongly committed to changing the narratives” in the power sector.

He said: “Today, that sector, after it was privatised, still remains stalled in delivering power to many Nigerian homes and businesses.

“We must act as a matter of national importance and we are committed to doing so, to work and re-engineer the sector for much more effective performance. Workers shall be called upon to play a greater role in supporting the government to attain all these goals.”

Osinbajo, who also told the workers that the new minimum wage would be fully implemented by the Buhari administration, however, expressed concern over incessant strikes by workers as a means of resolving industrial disputes.

He said the nation was losing so much in terms of resources and manpower to job boycotts.

The vice president said: “Industrial peace is central to economic stability. Every industrial disruption cost the national economy very dearly in terms of money and manpower that are lost.

“It is for this reason that I urged all actors in the industrial relations system to be circumspect and ethical in the use of industrial action as tools for resolving work place crisis. Industrial actions, because of the huge economic and social cost, should be the last and not the first option for resolving disputes.”

Osinbajo, who was silent on the crisis between Labour & Employment Minister Chris Ngige and organised Labour over the change in the chairmanship of the Nigerian Social Insurance Trust Fund (NSITF), however, assured workers that President Buhari will reciprocate the renewed mandate given to him by the electorate by ensuring prompt delivery on his electoral promises.

He said: “At the just concluded general elections, Nigerians and indeed Nigerian workers gave our administration another mandate to govern them. We shall reciprocate this electoral gesture by focusing on the critical issues that will advance and improve the quality of the lives and livelihood of Nigerians.

“These include the building of infrastructure, such as roads, rail, hydroelectricity and revaluing all sectors of the national economy in order to put our country on the path of a sustainable economic growth and prosperity.”

Osinbajo said the Buhari administration remained strongly committed to the goals of the International Labour Organisation (ILO) movement, adding that “on assumption of office in 2015, in spite of daunting economic challenges which confronted us at the time, we ensured that no worker was retrenched across the country.

“We followed this commitment by providing bailout funds for states that were unable to pay salaries at that time in order to pay their accumulated arrears. He also released Paris Club refund owed since 2005 to make sure that workers were not owed anything.

“We also ensure the payment of outstanding benefits of retrenched workers. Retrenched Nigeria Airways workers who were owed for decades were paid. We also ensured that the Pensions Transitional Arrangement Directorate (PTAD) also paid arrears owed to parastatals, civil servants pensioners covering about 101, 393 civil service pensioners in all grade levels and 76,310 parastatal pensioners across 186 ministries, departments and agencies. This is in addition to the arrears that were paid to officers of the Police, Customs and Immigration.

“The administration also settled pension issues of the Armed Forces and paramilitary personnel who were dismissed as a result of their participation in the civil war. All these veterans have now been paid their outstanding benefits.

Source: The Nation

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AVEVA Appoints Joanna Mainguy as New Sustainability Accelerator Director

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Joanna AVEVA
Joanna Mainguy, Sustainability Accelerator Director at AVEVA
  • Joanna Mainguy will steer strategies for sustainability innovation across AVEVA’s portfolio and partner ecosystem, furthering ESG targets for 2025 and beyond

AVEVA, a global leader in industrial software, driving digital transformation and sustainability, today announced the appointment of Joanna Mainguy as Sustainability Accelerator Director.

Joanna’s appointment testifies to AVEVA’s dedication to strengthening the company’s sustainability impact in line with advancing global climate commitments. 

As Sustainability Accelerator Director, Joanna Mainguy will focus exclusively on sustainability solutions and strategies to accelerate innovation that will help AVEVA’s customers to achieve their net-zero targets.

She will look at how AVEVA leverages current market and customer analysis to inform its in-house development team, advise on new customer collaborations and on how AVEVA should grow its partnership network and M&A pipeline to reflect its sustainability priorities.

Joanna will lead the implementation of a sustainability solutions plan tailored to meet the most pressing needs of AVEVA’s industrial customers on low-carbon transition, circularity and resilience, via an integrated product, marketing and sales approach. She will work closely with AVEVA’s portfolio, business area and R&D leads to continue to develop new sustainability capabilities and drive collaboration on go-to-market initiatives that support industry with contributing to an accelerated energy transition and shift to a circular economy.

Joanna was formerly Industry Director, EMEA, for Energy & Sustainability at Microsoft, where she led strategic engagements with major energy providers and supported the energy transition with digital solutions. She has worked across the entire energy value chain and has more than 15 years of experience in process industries and the energy sector, including work for major system integrators, software and energy companies.

Lisa Wee, Global Head of Sustainability, AVEVA, said: “We are excited to welcome Joanna to AVEVA. She will bolster our mission to enable faster uptake of existing sustainability solutions across the industrial landscape, while in parallel we continue to invest in product capabilities and partnerships that will push out the frontiers of sustainability innovation for industry. At AVEVA we look to lead by example on sustainability and we achieved a 93% reduction in Scope 1 and 2 emissions last year. We aspire to help our customers better leverage digital solutions to realize their own ambitious sustainability targets early, and Joanna brings a wealth of experience to help support this.”

Commenting on her appointment, Joanna Mainguy, Sustainability Accelerator Director, AVEVA, said: “I am delighted to join AVEVA at such a pivotal time in its sustainability innovation and growth trajectory. I look forward to working with AVEVA teams and customers to continue to grow the sustainability benefits that can be achieved with AVEVA software. I am also keen to work closely with our partners to drive further positive change at scale, since we know addressing the climate crisis will continue to require expanded collaboration”.

AVEVA actively embeds sustainability into its core product strategy with specific capabilities in its software portfolio.

AVEVA’s software enables organizations to connect and contextualize key sustainability data with artificial intelligence and human insight, enhancing their agility, resilience and sustainability in order to help drive responsible use of the world’s resources.

AVEVA’s 2023 Sustainability Progress Report reveals significant progress across all three pillars of the company’s sustainability framework, encompassing product strategy, operations and culture. 

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Climate Change: NNPC Ltd/Total Energies JV Achieves Zero Gas Flare

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In pursuit of meeting the targets of 20% (unconditional) and 47% (conditional) greenhouse gas emission reduction as contained in the Nationally Determined Contribution under the Paris Accord signed by the President Bola Ahmed Tinubu administration, the NNPC Ltd/TotalEnergies Joint Venture has achieved zero routine gas flare in all its assets.

According to a statement signed by Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd., this feat was announced on Thursday during an inspection tour of OML 100 in South-eastern Niger Delta, off Port Harcourt, by a joint NNPC Ltd and TotalEnergies Team to ascertain the success of the OML Flare Reduction Project launched in December 2023.  

The NNPC Ltd/TotalEnergies Joint Venture, which is the concession holder of four leases, had hitherto achieved zero routine flaring across OML 99 (2006), OML 102 (2014), and OML 58 (2016), leaving OML 100 as the only lease with routine flaring going on.

The significance of this achievement is that the last routine flare volume of about 12MMscf/d (twelve million standard cubic feet per day) of gas has now been eliminated giving rise to a greenhouse gas emissions reduction of about 341KtCO₂e/yr.

The achievement is an outcome of a programme introduced by the NNPC Ltd to galvanize action towards achieving the zero routine flare by 2030 across its portfolio of assets.

It is also a testament to NNPC Ltd’s prioritization of sustainability anchored on the ‘first R’ of its 5R Strategy (Reduce, Replace, Renew, Re-plant, Repurpose), as it strives to reduce its carbon footprint.

Work is ongoing across all other assets within NNPC Ltd’s Upstream Directorate to ensure that all assets achieve zero routine flaring by 2030 or earlier.

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NNPC Celebrates 14,000bpd Production from Akpo West Field

By SANDRA ANI

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In line with President Bola Ahmed Tinubu’s directive to the Nigerian National Petroleum Company Limited (NNPC Ltd) to optimise production from the nation’s oil and gas assets, the Company has announced the successful commencement of oil production from the Akpo West Field.

The milestone, which is the result of meticulous planning, strategic collaboration, and unwavering dedication from all stakeholders involved in the project, will add 14,000 barrels per day condensate to the nation’s production. This will be followed up by the production of about 4million cubic meters of gas per day by 2028.

The development of Akpo West which is on Petroleum Mining Lease (PML) 2 (formerly OML 130) leverages the existing Akpo Floating Production Storage and Offloading (FPSO) facility via a subsea tie-back to keep costs low and minimize greenhouse gas emissions.

The milestone was enabled by the strategic leadership of the Group Chief Executive Officer (GCEO), Mr. Mele Kyari, and the Upstream Directorate of the NNPC Ltd whose support played no small role in propelling the operators to actualise the short- and mid-term hydrocarbon production goal of the President Tinubu administration.

Located 135 kilometres offshore, Akpo West is one of the discoveries on PML 2 with proximity to the Akpo main which started up in 2009 and produced 124,000 barrels of oil equivalent per day in 2023.

PML 2 is operated by TotalEnergies with a 24% interest, in partnership with CNOOC (45%), Sapetro (15%), Prime 130 (16%), and the Nigerian National Petroleum Company Ltd as the concessionaire of the Production Sharing Contract (PSC).

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