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...
Inadequate supply of gas to the thermal plants, low power generation, system collapse, vandalism among others are responsible for the frequent power outages across the country, the Managing Director/ Chief Executive officer, Eko Electricity Distribution Company (EKEDC), Dr Tinuade Sanda, has said.
She spoke during an engagement forum with customers at Itire, Lawanson, Idi-Araba, and Mushin recently.
She said that the company is making efforts are to improve power supply to its customers.
According to her, the firm is currently working with the other industry stakeholders to ensure these challenges are reduced to the barest minimum.
‘We are upgrading our distribution infrastructure across our network with a loan from the Central Bank of Nigeria (CBN). The network improvement projects may not be going as quickly as you had anticipated but I can assure you that we will get to your areas.’ she said
Represented by the company's Chief Finance Officer, Mr. Joseph Esenwa, Sands urged the customers to embrace the Meter Asset Provider (MAP) scheme provided by the government in closing the metering gap before the commencement of Phase 1 of the National Mass Metering Programme (NMMP).
She further announced the mobile metering exercise by Eko DisCo to ensure customers get metered within 72 hours of payment confirmation.
She said, “it is obvious that the electricity industry is going through numerous challenges that are even beyond the capacity of the DisCos, which are causing setbacks to power supply. As the face of the power industry to the consumers, it is essential for us to actively engage our customers on platforms such as this to identify their problems and provide solutions,”
The electricity consumers tasked EKEDC to improve its service delivery.
The customers lauded EKEDC for taking such a measure but decried the impact of the challenges they face such as the drop in electricity supply, overloaded distribution transformers, estimated billings, and challenges in getting prepaid meters.
The Chairman of Customer Consultative Forum in Mushin, Honourable Afeez Lawal requested the DisCo to provide more prepaid meters which according to him is the solution to the menace of estimated billing to customers.
In his account, Mr. Lawal Musa representing Idi-Araba Community charged Eko DisCo to replace the deteriorated poles and wires that are preventing adequate power supply and causing safety hazards.
Also, EKEDC's spokesman, Godwin Idemudia, said the management is keen on establishing a closer relationship with customers across its network, hence the engagement forums.
He said this is the third engagement forum since Dr. Tinuade Sanda assumed the role as MD/CEO of EKEDC following the ones we held for customers in Ijora and Ojo districts.’
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