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Oando Acquires Oil Block In Angola

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...
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EEDC's delegates to the Commission 

NERC commends Enugu Electricity Distribution Company on transformation

By Akinola Ajibade

The Nigerian Electricity Regulatory Commission ( NzERC) has commended the Enugu Electricity Distribution Company (EDCC)  for efforts made in  sustaining and actualising tits  transformation agenda.
The Commission said that the idea has resulted in efficiency and productivity in the company 
NERC through its Chairman, Sanusi Garba gave the commendation when the management of Enugu Electricity Distribution visited the Commission in Abuja .
EEDC's delegation was led by its Chairman, Sir Emeka Offor in company of other directors of the firm. Othher members of the delegation includes the Managingg Director/ Chief Executive officer of the compan, Mr Praveen Choghade Executive Director, Business,  Fiance and Administration, Mr Paul Okeke, Chief Technical officer, Engineer Vincent Ekwekwa among others 
At the event, the NERC Chairman extolled the virtue of the Board of EEDC for appointing seasoned professionals in the industry.
The NERC's boss said that the development has greatly helped in the transformation that is being witnessed in the company.
In a statement signed by the company's Spokesman, Mr Emeka Ezeh and made available to the News Mirror,  the company 
seized the opportunity to formally it's new management executives to the Commission, following the recent appointment of the Board led by its Chairman, Sir Emeka Offor and Mr   Ernest  Rapheal Mup aways. 
Mupwaya is bringing on board his over 30 years of experience garnered in the Electricity industry, part of which was as the Managing Director, ZESCO, Zambia; Commercial Director, Abuja Electricity Distribution Company (AEDC), where he was later elevated to the position of Managing Director/CEO.
He has a Doctorate degree in Business Administration from California Intercontinental University, USA (DBA), a Master’s degree in Business Administration from University of Glamorgan and University of South Wales, United Kingdom, and also a Bachelor’s degree in Electrical Engineering from University of Zambia.
Recall that Enugu Electricity Distribution Company is one of the firms unbundled from the assets of the defunct Power Holding Company of Nigeria ( PHCN) 

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