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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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EKEDC sets to improve supply with 260 transformers

Above: EKEDC's Corporate Head Office  Below, its Chief Executive officer, Mrs Tinuade Sanda


By Akinola Ajibade


Eko  Electricity Distribution Company (EKDC) has taken delivery of 150 transformers, with a view to improve power supply and socio-economic activities in its areas of jurisdiction, its General Manager, Corporate Communications, Godwin Ihemudia has said.

He said in a statement made available to News Mirror that the 150 transformers will be added to the 110 already on ground for distribution to relieve communities whose transformers are currently overloaded.

According to him, the initiative is one of the  numerous CAPEX investments the company has made towards improving its services to the customers, assuring that more developments are underway.

He explained that this will improve the distribution company’s services to its customers and also assist in providing a steady and stable power supply across its franchise areas. 

The  transformers distribution and installations, Ihemudia said,  will begin soonest across the network as he called on affected areas to please bear with the company as all hands are on deck to reduce overloading on all transformers in the network adding that EKEDC is committed to ensuring 100% customer satisfaction.

He implored customers to support the company in its fight against vandalism and destruction of electrical equipment, citing it as one of the causes of irregular power supply in its network.

He also urged customers to make use of its whistle-blowing platforms to report illegal and unethical activities describing the platforms as safe, confidential, and secure ways of alerting the company of illicit activities.

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