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Showing posts from July, 2024

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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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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Total energies- Indigenous Firms: Embrace R&D For Growth

By Favour Ifeoluwa & Akinola Ajibade  The TotalEnergies EP Nigeria Limited, yesterday advised indigenous oil and gas companies to embrace research and development in order to enable them cope with the emerging trends in the global business. Deputy General Manager, Nigeria Content, Cyprian Ojum said this yesterday( Monday)  at the ongoing. Nigerian Oil and Gas Conference (NOG) in Abuja He said: “Now if Nigerian indigenous companies don’t wake up, they will also be left in the midst of things because they will lack knowledge of where the oil and gas industry is going to which is deep offshore. So, we are catching up with offshore and when it goes to deep offshore we are behind the time. “We can’t do much without knowledge. So Nigerians indigenous companies that are here today, you need to get knowledge about offshore business because it’s not the same the same story with land and swamp. When you are in deep offshore, the technology is different from land exploration. You
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Ondo Gets Committee On Electricity Transition

The Electricity  Transition Committé Members  By Favour Ifeoluwa & Akinola Ajibade  Ondo Governor Lucky Aiyedatiwa, yesterday (Monday ) onstituted a transition committee that would handle the transition of electricity regulation to the state. Addressing reporters at the event, the Special Adviser to the Governor on Energy and the deputy chairman of the committee, Engr Johnson Alabi, said that the committee will prepare the transition of the regulation for the state. The committee has up till October 22, 2024 to submit its recommendations to the governor. He said: “Based on this, it is expected that the electricity service providers in our state, BEDC, would have discussion with us. “Our responsibility is to prepare the way forward as to how to manage the new development in the electricity sector.The timeline is between now and October ending.” The Chairman of the Electricity Regulatory Transition from NERC to State government, Engr. Tunji Ariyomo explained that the comm
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