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...
By Favour Ifeoluwa & Akinola Ajibade
The Chief Executive Officer, De-Haryor Global Services Limited, Engr. Ashade Olatunbosun says increased metering of households, businesses and other customers would enhance investment and growth in Nigeria’s power sector.
He, also said that the Federal Government has through many interventions in the electricity sector has encouraged supply and installation of prepaid meters nationwide.
In a statement issued in Lagos and made available to the media, Olatunbosum, said increased metering will continue to enhance quality service delivery, and revenue collection while encouraging investors to invest more resources toward growing the sector from one level to another.
According to him, his company, which was established in 2009, has not only remained an active player since 2016,but has been providing quality products and services to customers, adding that its smart meters cannot be tampered with or altered in any way.
He said the company has been duly certified by relevant government institutions, including the Nigerian Electricity Management Services Agency, NEMSA, and the Nigerian Electricity Regulatory Commission, NERC to do business in the country.
He commended President Bola Tinubu–led administration for efforts made to further enhance metering in the sector, saying that
“It is a good initiative and it is going to impact the sector positively. If the right meters are put in place, it will make it difficult for end users to bypass them, thus enabling the Electricity Distribution Companies, DISCOs to monitor their payments and recoup their investments.”
On the quality of his products and services, he said: “I am an engineer and our meters are smart in every sense of the word. Our meters cannot be manipulated. The only way customers can have access to energy is via our dedicated mobile app, making it very efficient and reliable.
"Our company is a servicing Electrical and Construction Company, providing complete Electrical and Building Services to commercial and industrial customers in Nigeria.
He said that the company is not new, contrary to to speculations in the industry.
" We have been in existence since 2009 and started metering operations in 2016.The narrative, which gives the impression that we are a new organization, is completely false and misleading. But we are not distracted as we are focused on ensuring that we provide very high quality products and services, targeted at positively impacting consumers, the power sector and Nigeria’s economy.”
He also noted that, clients particularly the Nigerian army has her internal procurement procedures. In awarding its metering contract, due processes were followed. Also, several companies were contacted, before they were reduced to a few.”.
He added that : “There are different categories of certificates and businesses in the metering sector. The license we have currently permits us to import meters. We did not wait for the government to introduce us to the Nigerian Army. We made the move. We import and install very high quality meters to customers."
Olatunbosum, who stressed the need for training, capacity building and acquisition of modern technologies, said: “I was trained by the British and I have adopted that method of training in our organization. Our staff are people we hired and trained. Training and capacity building in all departments is key. We have been doing it for many years and will continue to do so in the future. We pay maximum attention to human capital development because it is very important.
“We also believe in local content. We have people benefiting from our operations because we source some of our materials from Nigeria. We shall continue to promote local content in our operations because it will impact positively on persons, organisations, the power sector and nation’s economy.”
He, however, called on the government to provide a level playing field to enable all operators to do business in the metering sector, adding that, the company is currently working towards establishing an assembling plant in the nation, targeted at further maximizing its contributions to the power sector and Nigeria’s economy.
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