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NDPHC, BEDC to Deliver Extra 250MW to Edo, Others

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benin electricity distribution company BEDC

By Adedapo Adesanya

The partnership between The Niger Delta Power Holding Company (NDPHC) and the Benin Electricity Distribution Company (BEDC) will deliver additional 250 Megawatts (MW) to serve customer within the franchise area.

This was disclosed by the Managing Director of NDPHC, Mr Chiedu Igbo, at the signing ceremony in Lagos recently, revealing that the agreement has taken off with immediate effect.

Some of the initial project areas are Benin Bypass (industrial cluster near NDPHC’s power plant at Ihovbor, Benin-City, Edo State; Asaba, Delta State, Ondo South Senatorial District, Ondo State and interventions in Ekiti State.

He recalled that the two companies had in 2020, commenced exploring options to collaborate to deliver safe and reliable power to customers of the BEDC’s franchise area.

According to him, “Today, we are glad that we gather here for the purpose of signing a framework agreement for this collaboration.”

“For NDPHC, the project will enable us to deliver more than 250 megawatts of power to customers of BEDC’s franchise areas in Edo, Delta, Ondo, and neighbouring states.

“For BEDC, the project will help BEDC to satisfy its customers with reliable power and achieve an enhancement of its network and infrastructure,” Mr Igbo said.

He added that for BEDC’s customers, their homes and industries can now enjoy 24 hours power supply, noting tha for BEDC’s investors and NDPHC shareholders – trustees of Nigerian people- this project will deliver significant value.

He noted that the NDPHC has been concerned about the “insufficient dispatch of its power generation capacity, as well as liquidity challenges which means that only a small proportion of the power dispatched gets paid for. Meanwhile, many consumers remain unserved or underserved”.

In addition, the NDPHC boss explained that the journey to the agreement started with the initiation of the National Integrated Power Project (NIPP) by the federal government of Nigeria in 2004 as a government-funded initiative to stabilize the country’s power sector.

He said as a result of this, the government incorporated NDPHC as a limited liability company to serve as a legal vehicle to hold the NIPP for its states and local governments.

Since then, said Mr Ugbo, Nigeria Electricity Supply Industry has evolved significantly from the construction of NDPHC’s 10 power plants with a combined capacity of over 5,000MW, of which more than 4,000MW has been completed, to the privatization transactions from which BEDC emerged as one of the 11 distribution companies in Nigeria.

The evolution, according to him, has presented the industry players, including NDPHC and BEDC, with unique challenges.

He said for the distribution firms, the significant capital investments required to upgrade their respective networks has been difficult to raise due to industry challenges.

Meanwhile, the Chief Executive Officer of BEDC, Mrs Funke Osibodu, said her company aims at delivering incremental power from the NDPHC underutilised or stranded capacity to several industrial and commercial hubs through multiple solutions across the certain locations in Delta, Edo, Ondo and Ekiti for the electricity value chain.

She said under the agreement, BEDC and NDPHC will provide end-to-end power solutions across the value chain to deliver a minimum of 250 MW of additional power.

Mrs Osibodu said the collaboration will see the BEDC partner with NDPHC and others to identify and prioritize critical projects to increase power supply whilst improving on the technical and commercial environment.

She noted that the “focus will be the power supply to certain areas as well as upgrading of all critical distribution infrastructure”.

BEDC is the 4th largest Disco in distribution capacity and 3rd largest in the number of households among the Distribution Companies (Discos). It is responsible for the retail distribution of electricity in the four franchise states of Delta, Edo, Ekiti, and Ondo States.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Verification of Bank of Agriculture Pensioners Begins

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Bank of Agriculture pensioners

By Aduragbemi Omiyale

Pensioners of the Bank of Agriculture (BoA) who missed the previous verification exercises under the Defined Benefit Scheme (DBS) now have the opportunity to be verified.

This is because the Pension Transitional Arrangement Directorate (PTAD) has fixed Monday, August 22 to Wednesday, August 24, 2022, for their verification.

In a statement signed by the management of the agency, it was stated that the verification exercise is also for pensioners of other organisations who could not appear for the previous ones.

In the statement, PTAD said Bank of Agriculture pensioners and others should appear at the Afficient Event Centre located on No. 74, Sultan Road, Nassarawa G.R.A. Kano State and at the PTAD Marquee, tucked in 22 Katsina-Ala Crescent, Maitama, Abuja between 8 am and 4 pm for the three days.

PTAD emphasised that pensioners with incomplete documents should obtain a Letter of Introduction from the management of their agencies and an affidavit for the loss of documents.

The documents they are expected to present for verification include the original and photocopies of their career documents, stamped and signed BVN with a picture, one month stamped and signed bank statement, NIN or any other valid identification.

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Ikeja Electric Signs Deal for Better Power Supply to Ayobo

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Ayobo Community Ikeja Electric

By Adedapo Adesanya

A tripartite interconnected mini-grid agreement has been signed by Ikeja Electric Plc, Enaro Energy Limited and the Ayobo community for the provision of reliable and uninterrupted electricity supply to Ishokan Phase 1 Estate, Mercy Land Estate, and Mercy Land Phase1 residents in Ayobo, Lagos State.

The initiative is in line with the Nigerian Electricity Regulation Commission’s (NERC) goal of ensuring there is a reliable and steady power supply across communities in the country through partnerships between distribution companies (DisCos) and independent power generators.

The agreement, which was signed on Wednesday at Ikeja Electric’s corporate headquarters in Alausa, Lagos, will rely on the interconnected mini-grid initiative of the power sector to provide the customers with an uninterrupted power supply.

Speaking on this, Mrs Seqinah Adewunmi, the Chief Finance Officer of Ikeja Electric, who represented the Chief Executive Officer, Mrs Folake Soetan, during the signing of the agreements, stated that the initiative was a landmark in the history of the power sector in the state.

She added that those communities will be the first to experience uninterrupted power supply via a blend of grid and off-grid generation and distribution of power.

According to her, “it will demonstrate the possibility that our customers can enjoy 24 hours power supply which is in line with the core mission of Ikeja Electric to be the provider of choice wherever power is consumed.”

She congratulated everyone that has been part of the process, revealing that the initiative will transform the ways in which electricity is being distributed in Nigeria.

She further stated that this initiative will set the pace for bigger things to happen as the plan is to expand to other communities within the Ikeja Electric Franchise area.

On his part, Mr Oluwaseun Smith, the Managing Director of Enaro Energy, expressed his appreciation that the project was finally coming to fruition, adding that the journey began about two and half years ago and was glad that all the efforts towards ensuring the signing of the contract were worth it.

He stated that Enaro Energy was committed to providing the necessary resources to ensure the success of the project.

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Obasanjo Charges Africa to Decide Its Energy Future

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Olusegun Obasanjo Africa

By Adedapo Adesanya

Former president of Nigeria, Mr Olusegun Obasanjo, has said Africa must take charge of its own energy destiny and use its rich resource assets for the benefit of its own people.

His comments come in support of the Africa Oil Week (AOW), which is necessitated as the world scrambles to find new sources of oil and gas to meet its energy needs following Russia’s invasion of Ukraine.

In this context, Mr Obasanjo noted that African countries cannot be beholden to the unrealistic ideals of the Global North for an exclusively renewables-driven economy, saying this is particularly true when the developed world is itself accepting the need for hydrocarbons.

“Like the rest of the world, Africa must follow energy policies that promote socio-economic development and sustainable hydrocarbon use,” he said.

The former Head of State, who ruled Africa’s largest crude oil producer from 1999 to 2007 said, “Africa is the lowest producer of greenhouse-gas emissions and needs to lift nearly half-a-billion citizens out of poverty.

“Responsible management of our hydrocarbons and investment in our economies is necessary to ensure a just energy transition and sustainable growth for our people.”

The European Union (EU) had previously said it intends to cut Russian-supplied oil by up to 90 per cent by the end of 2022, and the announcement has already caused global energy costs to soar.

Africa is one of the potential new sources of energy to replace this supply, with an estimated 61 billion barrels of oil equivalent being discovered in the region over the past 10 years.

Mr Obasanjo’s view aligns with that of the African Petroleum Producers Organization (APPO), which also called on member countries and other global institutions to use petroleum as a catalyst for energy security, sustainable development, and economic diversification in Africa through collaboration and partnerships.

Mr Obasanjo has been a major leader of Africa’s post-colonial period, having overseen Nigeria’s transition to representative democracy. Since his move out of the government sphere, he has been a senior statesman, active in defining geopolitical issues – including energy.

He also helped to shape the modern Nigerian oil industry, inaugurating policy reforms that have seen the country become an energy superpower on the African continent.

“Creating an African oil industry that benefits Africa’s people needs strong policy and regulation.

“During my time in government, we launched oil-and-gas policy reforms that helped to build a modern oil and gas hub. There were many learnings that we can apply across the wider region. I look forward to discussing these opportunities for Africa.”

He then called for accelerated dialogue on the sustainable development of hydrocarbons, and the role of Africa as a supplier of global energy needs.

“There has been much talk at forums such as the World Economic Forum (WEF) in Davos about a just energy transition. However, we must not allow Africa to be dictated to. The discussions at AOW will be pivotal in charting a new energy course for Africa. We will decide what is best for us,” he said.

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