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FG- Imo: :Regulatory Oversight of The State Electricity Market Is Now Underr ISERC

By Favour Ifeoluwa & Akinola Ajibade  The Federal Government yesterday( Monday) announced the transfer of Regulatory Oversight of the Electricity Market in Imo State to the state electricity regulatory commission, otherwise known as (ISERC). In a statement issued by the Nigerian Electricity Regulatory Common( NERC), the development is in compliance with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 (Amended), reiterating that all transfers envisaged by this order shall be completed by 31 December 2024. According to the Commission,the transfer Order’s provisions include: “Direct Enugu Electricity Distribution Company (EEDC) to incorporate a subsidiary (EEDC SubCo) to assume responsibilities for intrastate supply and distribution of electricity in Imo State from EEDC, and that EEDC shall complete the incorporation of EEDC SubCo within 60 days from 27th June 2024. The subcompany shall apply for and obtain licence for the in
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NNPC/Total Energies JV Achieves Zero Gas Flare


By Favour Ifeoluwa & Akinola Ajibade


The Nigerian National Petroleum Company Limited/ TotalEnergies Joint Venture has achieved zero routine gas flare in all its assets.

The development is in pursuit of meeting the targets of 20% (unconditional) and 47% (condrtional) greenhouse gas emission reduction as contained in the Nationally Determined Contribution under the Paris Accord signed by the President Bola Ahmed Tinubu administration.

The achievement is conveyed in a statement made available to newsmen by Olufemi Soneye, the Chief Corporate Communications Officer of NNPC Limited.

This feat was announced on Thursday during an inspection tour of OML 100 tn Southeastern Niger Delta, off Port Harcourt, by a joint NNPC Ltd and TotalEnergres Team to ascertain the success of the OML Flare Reduction Project launched in December 2023.

The NNPC Ltd/TotalEnergies Joint Venture, which is the concesston holder of four leases, ha d hitherto achieved zero routine flaring across Ordinary Mining Lease(0ML 99(2006), OML 102 (2014), and OML 58 (2016), leaving OML 100 as the only lease with routine flaring going on.

According to the statement,the significance of this achievement is that the last routine flare volume of about 12MMscf/d (twelve million standard cubic feet per day) of gas has now been eliminated giving rise to a greenhouse gas emissions reduction of about 341KtCO,e/ yr.

It said,the achievement is an outcome of a programme introduced by the NNPC Ltd to galvanize action towards achieving the zero routine flare by 2030 across Its portfolio of assets.

It added:”It is also a testament to NNPC Ltd’s prioritization of sustainability anchored on the ‘first R’ of its 5R Strategy (Reduce, Replace, Renew, Re-plant, Repurpose), as it strives to reduce its carbon footprint.

“Work is ongoing across all other assets within NNPC Ltd’s Upstream Directorate to ensure that all assets achieve zero routine flaring by 2030 or earlier”.

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