in POWER, Top Stories This will enhance efficiency and effectiveness in human and energy resource management. He also said that the distribution system had the capacity to evacuate 5,500mw of power having grown from 4,500mw in 2015.

It is expected that the Nigerian Petroleum Development Company (NPDC) will be transformed into a medium size exploration and production company with capacity for national and international operations to produce 150,000 barrels per day with 750 million reserves by 2008. The Energy Ministry will also handle matters relating to power generation, transmission and distribution; oil exploration and production, gas development, product marketing and distribution, the refineries, oil and gas sector reforms, community issues, relevant aspects of international co-operation, and the application and regulation of nuclear energy in the country. Build gas utilization infrastructure into the design of urban developments. Contained as OVH Energy Commences Investigation, No significant improvement in electricity since 2015 — Discos, NNPC to Recommence Oil Exploration in Lake Chad Basin, Obaseki Woos Investors As Edo Power Plant Commences Power Supply, FG Sets to Signs N105bn Afam Power Sale Agreement, AMCON Rejects Pan Ocean Oil’s Settlement Proposal.

FUNCTIONS AND RESPONSIBILITIES OF THE MINISTRY. Since independence, Petroleum and power sectors had been handled by various ministries. The objectives and targets of the government in the Energy sector are strategic to the industrial, technological, economic and social development of the country. Government has also introduced reforms in the oil and gas sector which proposes the following structure for the industry: The Ministry has been restructured in line with the reforms while NNPC is being repositioned towards achieving high performance standards in terms of improvements in overall business performance, best practices, financial management, technology systems and human resources as a world class oil and gas company. This is contained in a statement issued by Mr… “Under the able leadership of President Muhammadu Buhari, the country’s grid power capacity has increased significantly from the time this administration took over in 2015 to date. Deployment has already started in parts of Kano, Kaduna, Lagos, and Abuja. Required fields are marked *. Members of the committee raised concern about power supply to their various constituencies, urging the minister to ensure supply. Corporate Hqrs, Plot 441,Zambezi Street, off Aguiyi Ironsi Street, Maitama- Abuja. The Federal Ministry of Power is the policy making arm of the Federal Government with the responsibility for the provision of power in the country. The incorporation of Power Holding Company of Nigeria (PHCN) as an entity to oversee the creation of eighteen (18) successor companies out of the National Electric Power Authority (NEPA) thus facilitating the development of a competitive electricity market; Establishment of the Nigeria Electricity Regulatory Commission (NERC) with power to regulate on the subject to: Grant approvals for appropriate Licenses and Tariffs; Establishment of Rural Electrification Agency and Rural Electrification Fund; Petroleum Products and Distribution Authority (PPDA), Maintain a comprehensive database on oil and gas, Maintain a strategic balance between production from on-shore terrain, continental shelves and deep off-shore. (PHCN and its subsidiaries).

Home | | News The over-reliance of the grid on the energy supplied by these 9 power plants poses a serious concentration risk to the industry. These targets include the following: REFORMS AND INCENTIVES IN THE ENERGY SECTOR. Nigeria to Host World Energy Forum (WEF) Conference in 2021 . -          Establish consumer assistance fund. 358, Garki-Abuja.

About us The Minister of Power, Saleh Mamman, has re-affirmed his ministry’s commitment to driving renewable energy in Nigeria. Generation of 10,000 MW and strengthening of transmission and distribution facilities by the end of 2007. “In order to deliver this administration’s promise of providing stable and affordable power to Nigerians, a way forward was defined and supported by Mr President’s political will,” he said.

The following measures are being undertaken to implement the reform programmes in the oil and gas sector: (i)               Petroleum resources (DPR), (ii)      Power and Electrical Inspectorate, (iii)     Planning, Policy Analysis and Research, (iv)     Other Energy sources Development, Nigerian National Petroleum Corporation (NNPC), NNPC Towers, Central Business District, Herbert Maculay Way, PMB 190 Garki Abuja, Nigerian Nuclear Regulatory Authority (NNRA), Plot 564/565, airport Rd (Independence Avenue) Central Business Destrict, PMB 559, Garki, Abuja, Petroleum Technology Development Fund (PTDF), Plot 672, Port Harcourt Crescent, off Gimbiya street, Area 11, Garki Abuja. The Nigerian Renewable Energy and Energy Efficiency Policy is expected to fix a … |

However, committee expressed displeasure with the minister for not ensuring sanctions for Distribution Companies (DisCos) for alleged “gross irresponsibility and wickedness in the execution of their contract”. -          National Integrated power Project (NIPP). To be a veritable instrument for effective and efficient exploitation and utilization of the nation's energy for the transformation of her economy. Minister of Power, Mr Sale Mamman, made this known when he received the National Executive Members of the NSE in his office. The energy generation in Nigeria is still largely dependent on 9 power plants, as these plants accounted for 73.76% of the total electric energy output during Q1 2020. Mamman made this known on Wednesday during the 2021 budget defence before the House of Representatives Committee on Power in Abuja.

They are to be supervised by the National Energy Efficiency Action Plan (NEEAP).