A destroyed refinery By Favour Ifeoluwa & Akinola Ajibade The Nigerian National Petroleum Company Limited( NNPCL) says it has destroyed 134 illegal refineries in the last few weeks. Also, the company said 63 illegal pipeline connections were uncovered during the the weeks . The corporation, In a visual report, stated that at about 2 am on Sunday, a joint team of security agents discovered a large wooden boat illicitly loading stolen crude oil from Barge AGS01 within the OML 18 operating area, noted intelligence report a large wooden wooden boat was caught receiving crude oil from the barge. According to the state-owned oil firm, while the barge was towed away with a tugboat in custody, five speedboats used in towing the large wooden boat to the illegal loading site were also detained and the particulars of the tugboats and barge used for the operation were reportedly seized for further investigation. It further said that two large boats, which involve
Hopes, as CBN ready to fund Ikeja Electric's Metering Project
By Akinola Ajibade
Hopes on the horizon for customers in need of meters at Ikeja Electricity Distribution Company ( IEDC) as the Central Bank of Nigeria ( CBN) has promised to provide funds for the Phase One of the metering project of the company.
The Director of Development Finance, CBN, Yila Yusuf, said it is this during a monitoring and evaluation tour of IKEDC facilities in Ikeja, Lagos, where he also expressed the bank’,s satisfaction with the projects executed with funds earlier disbursed.
He said:“Let me say that Ikeja Electricity is very innovative; we have followed some of the things you have done, especially providing electricity upward of 20 hours with different prices, among others.I think that’s the only way you can ensure that you run the DISCO well. I look at all the performance numbers, month by month and you have done excellently well, to be honest compared to the others.
“We will continue to task you as you go to Phase One from the Phase Zero metering.And we look forward to providing the requisite funding for that intervention, and we believe it will go a long way in ensuring that the market is not only liquid but electricity gets to consumers”
He promised that his bank would design interventions that would sort out some of the challenges with the energy sector.
He disclosed that the bank, as part of its development finance effort, disbursed N8.83 trillion to different sectors, adding that 24 per cent of the funds went to the energy sector.
He also said energy was important for development and without energy (electricity), no country could grow on the path of sustainable development.
In her earlier remarks,the Chief Executive Officer of Ikeja Disco, Mrs Folake Soetan, implored the CBN team to expedite its intervention for the company.
She said:“The projects that we have executed so far were for 2021, and we are already in Q2 2022. So, in order to effectively execute the projects that we planned for 2022, we once again require your support as we have always done.
“For the National mass Metering Initiative, Phase Zero, for Ikeja Electric, we executed on time, we completed the number of metering that was required of us and we are very eager to start Phase One.So, I’m appealing once again for your support in helping us fast track that process. Opex (Operational Expenditure) is very key at this time”
Comments
Post a Comment