Skip to main content

Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...

Fire Outbreak Caused The Grid Collapse - Adelabu

Power Infrastructure


By Favour & Akinola Ajibade


The Minister of Power,Bayo Adelabu says fire outbreak was responsible for the grid collapse  experienced today across the country 

In a statement on his X (Twitter)handle, Adelabu said the incident, which came with an explosion sound was was observed on Kainji/Jebba 330kV line 2 (Cct K2J) blue phase CVT & Blue phase line Isolator of Kainji/Jebba 330kV line1 was observed burning. 

This led to sharp drops in frequency from 50.29Hz to 49.67 Hz at 0:35:06Hrs with Jebba generation loss of 356.63MW.

Kainji Power station followed suit as it dropped load from 451.45 MW at 00:35:07Hrs to zero. 

“At 00:41Hrs frequency dropped further from 49.37 Hz to 48.41Hz then resulted in system collapse of the grid.”

The Transmission Company of Nigeria (TCN) underscored the Minister’s statement in a press release made available to the media that" “

The Transmission Company of Nigeria, TCN, hereby notes that grid restoration nationwide is in progress and has reached advanced stages with power supply now available in the West, North Central, South, East, and a large portion of the Northern parts of the country.”

“The power supply restoration is sequel to the total grid collapse, which occurred at about 12.35 am, this morning, causing outage nationwide, after over 421 days of consistent grid stability.”

The press release which was signed Ndidi Mbah, general manager, Public Affairs, TCN,stated that In the course of the grid restoration, the process initially suffered a setback; this does not amount to another collapse. In the course of any grid restoration process, challenges may be encountered. This happened today while the grid restoration was in progress, but it was promptly addressed.

“ Recall that the country recorded the last total system collapse on 20th July 2022 and 421 days after (13th of September, 2023) another one happened. Prior to this, the system had been stable in spite of the challenges posed by zero spinning reserve and lack of System Control and lack of adequate Data Acquisition (SCADA) essential to a strong and stable grid, among others”

“TCN had been able to maintain 400 days of grid stability because it developed and deployed in-house stop-gap measures and tools that it has continued to use to manage the nation’s grid, ensuring its stability.”

“ The incident notwithstanding, TCN is determined to continue to do its best to ensure grid stability.

Meanwhile, the collapse that occurred after a fire incident on Kanji/Jebba 330kV line 2 is being investigated, with the view to forestalling future occurrences and invariably further strengthening the grid.”

Comments

Popular posts from this blog

HAPPY 70 TO ELDER ADE ADEDAMOLA OGIDAN

PLATINUM BIRTHDAY ANNIVERSARY OF ELDER ADE ADEDAMOLA OGIDAN, A FOREMOST JOURNALIST & EDITOR By Favour Ifeoluwa & Akinola Ajibade Like a new born child, beaming with smiles for coming out of his mother's womb in order to live a fulfiled life, the celebrator,Ade Ogidan fits perfectly well into this category. Simply known as AAO, a shorten form of Ade Adedamola Ogidan, the thorough based journalist is without doubt, a  well grounded newsman.. With Bachelor of Science ( BSC) Degree in   Sociology and Anthropology( 1976 ) from University of Nigeria, Nsukka,  Ogidan has cut his teeth well in Journalism. Prior to this, he  taught in Osogbo Grammar School and worked at the Nigerian Communication respectively  after his youth service, a development, which no doubt prepared  him well for journalism profession and other future engagements. Pragmatic, resilient and outspoken, where it matters, Ogidan ensured  that his tenure as the first C...

Oil Block: Why Fed Govt Prioritises Production Bonus To Attract Local & Foreign Investors

Oil Blocks: Why FG Prioritizes Production Bonus to Attract Local and Foreign Investors By Ibrahim Musa The Federal Government has emphasized production bonus, which refers to the payment by an operator to a host country upon achievement of oil and gas production, as a strategy for attracting investors to bid for Nigeria’s oil blocks. Previously, the government relied on a high signature bonus, which refers to a single, non-recoverable lump sum payment made upfront by oil companies for their rights to develop oil blocks, as an option for maximizing revenue generation, thus discouraging investors with limited resources from bidding. Currently, the Nigerian Upstream Petroleum Regulatory Commission, NUPRC which regulates activities in the nation’s oil and gas industry, has removed all entry barriers to attract massive investments. This strategy aims at growing oil and gas production, enhancing Nigerian Content Development, attracting Foreign Direct Investment, contributing to l...

Axella Plans To Deepen Gas Utilisation in Nigeria

Axella' s Director of Business Development, Mr Franklin Imole By Favour  Ifeoluwa & Akinola Ajibade Axella's Gas Processing Plant announces Final Investment Decision ( FID) to develop a 50 MMASCF/D Gas Processing Plant, with h a view to deepen utilisation of gas  in the country. The firm, which is situated  in 0ML 56 in Delta State,  said that its making strategic investment in order to ensure that gas is available for industrial use in Nigeria. Situated in  Delta State, Southern Nigeria and billed to commence operation by the end of 2024, the facility, Axella' said, boasts of 12 MMSCF  Modular Plant with an interconnection pipeline network of about 4kilometres alongside other ancillary infrastructure. The facility, the company added, is expected to commence operation by the end of this year. Speaking on the plant ,  Axella's  Director of Business Development, Franklin Imole said: " As the Federal Government continues to pursue its...