Oando Plc Favour Ifeoluwa & Akinola Ajibade Oando Plc says it has completed and won the bid for the operatorship of oil block KON 13 in Angola. The firm which recently acquired Eni of Italy’s oil assets in Nigeria, said that the award of the oil block located in Angola’s onshore Kwanza Basin followed a competitive bidding process by the country’s oil and gas sector regulator. It further said hat the asset in which it owns 45 per cent participating interest, has estimated prospective resources of 770 to 1,100 million barrels of oil. Oando is handling its operations relating to the asset through its upstream subsidiary, Oando Energy Resources (OER). “Oando Plc, Africa’s leading indigenous energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange is pleased to announce that its upstream subsidiary, Oando Energy Resources (OER), has been awarded operatorship of Block KON 13 in Angola’s Onshore Kwanza Basin, following a...
By Akinola Ajibade
Thirty two electricity projects across the country are not feasible due to gaps in the implementation of the Right of Way( RoW) resolutions.
The projects, which are located in different states are said to have been unecessarily delayed, because of poor implementation of RoW.
Minister of Power Abubakar Aliyu, said this during a stakeholders' programme in Abuja.
He said that the projects account for an investment of $137 million that the Nigerian public is yet to realise value from, due to the RoW issues.
RoW is a legal instrument allowing operators to deploy infrastructure on federal or state roads, power transmission lines or railways at a fee. Unfortunately, these same fees are not fixed and it varies from state to state, region to region, agency to agency. The removal of the RoW barriers coudl fast-track the expansion and strengthening of the national power grid.
He urged states"government to remove the RoW barriers in order to mitigate power shorrtsge, adding the Federal Government is committed to improve electricity situations nationwide.
Aliyu said that the removal of RoW barriers will assist in avoiding some of the recent disruptions in power supply in the country, adding that some power projects which account for investment worth $137 million have been stalled.
The Minister stressed the need for urgent attention on the issue of state government’s approval on ROW, which he said had hampered transmission projects meant to strengthen and expand the grid for better supply of electricity in the country.
The need to ramp up transmission infrastructure becomes even more important on the back of the recent delivery and imminent delivery of some independent power projects across the county.
Aliyu said that the removal of RoW barriers will assist in avoiding some of the recent disruptions in power supply in the country, adding that some power projects which account for investment worth $137 million have been stalled.
The Minister stressed the need for urgent attention on the issue of state government’s approval on ROW, which he said had hampered transmission projects meant to strengthen and expand the grid for better supply of electricity in the country.
The need to ramp up transmission infrastructure becomes even more important on the back of the recent delivery and imminent delivery of some independent power projects across the country.
Recall that the Federal Government has for years been advocating for the implementation vof Right of Way, in order to avoid destruction of properties that were constructed along RoW.
Recently, the government and its agency notably the Transmission Company of Nigeria (TCN) marked Hundred vof buildings ( completed and none completed) along Ifo, Ibogun up to Papalanto area for demolition.
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