Items filtered by date: Sunday, 06 January 2019
The Transmission Company of Nigeria (TCN) has revealed that the French Development Agency (FDA) has given support of about $300 million to power transmission projects in the country.
According to TCN, the board of the agency approved $245m for power transmission infrastructure in Nigeria’s Northern corridor and was also assisting the construction of the Sokoto-Kaura Namoda-Katsina 330kV double circuit line with the sum of $55 million.
The TCN further noted that this is aside from the €25 million earlier approved by the European Union for part of the Northern corridor project under the AFD support programme, adding that the approval of the project by the AFD and EU was a significant step towards establishing a modern electricity grid in Nigeria.
The TCN also added that it had continued to implement its Transmission Rehabilitation and Expansion Programme that sought to rehabilitate, stabilise and provide necessary redundancy consistent with international standard N-1.
This, it said, would further expand the national grid to at least 20,000 megawatts.
According to it, the implementation of TREP had attracted significant support from multilateral and bilateral donors, adding that key international donors supporting the programme were AFD, World Bank, African Development Bank and Japan International Cooperation.
TCN’s General Manager Public Affairs, Ndidi Mbah, said the Northern corridor, which was expected to form the backbone for the West African Power Pool North Core, would connect Nigeria, Niger Republic, Republic of Benin and Burkina Faso on 330kV double circuit transmission line.
“It is also expected to construct the Kainji-Birnin-Sokoto 330kV DC line, Katsina-Daura-Gwiwa-Jogana-Kura 330kV DC line and reconstruct one of the Shiroro-Kaduna 330kV single circuit transmission lines into 330kV quad line which will be the first of its kind in Nigeria,” she added.
Continuing, the transmission company said the Northern corridor project will see to the construction of 330/132/33kV substations in Sokoto, Daura and Jogana-Kano, as well as 132/33kV substations at Birnin Gwari, Argungu and Lambata in Niger State.
“It will equally rehabilitate Jebba and Kainji switch yards to ensure adequate capacity to evacuate mainstream’s power generation company’s expansion plans,” TCN stated.
It noted that with the support of the Federal Ministry of Finance, the AFD was also assisting the construction of Sokoto-Kaura Namoda-Katsina 330kV DC line which would lead to the closure of the 330kV loop in the sum of $55m.
TCN said it had commenced preparation for the Sokoto-Kaura Namoda-Katsina line and 330/132/33kV substation project at Kaura Namoda.
It also stated that the project, when completed, would provide the necessary flexibility and redundancy as well as improve bulk power supply to all the states in the North-West and parts of the North-Central states.
Source: NAN
Published in Engineering
Nigeria literally threw N197 billion into the flames in the first nine months of 2018, representing the value of gas flared during the period.
According to data from the Nigeria National Petroleum Corporation (NNPC) oil and gas companies operating in the country flared a total of 215.9 billion standard cubic feet of natural gas in the first nine months of 2018.
According to the data, 31.68 billion scf of gas was flared in January, 27.25 billion scf in February, 26.88 billion scf in March and 23.06 billion scf in April.
The oil and gas companies, which included international and indigenous operators, also wasted 21.20 billion scf of gas in May, 21.66 billion scf in June, 21.21 billion scf in July, 22.42 billion scf in August, and 20.54 billion scf in September.
With the price of natural gas put at $2.97 per 1,000scf as of Friday, the 215.9 billion scf flared translates to an estimated loss of $641.22m or N196.82bn at the official exchange rate of N306.95/dollar.
The NNPC data further revealed that out of the 238.91 billion scf of gas supplied in September 2018, a total of 142.09 billion scf of gas was commercialised, comprising 30.36 billion scf and 111.73 billion scf for the domestic and export market respectively.
It said: “This translates to a total supply of 1,011.96 mmscfd of gas to the domestic market and 3,724.26 mmscfd of gas supplied to the export market for the month.
“This implies that 59.47 per cent of the average daily gas produced was commercialised while the balance of 40.53 per cent was re-injected, used as upstream fuel gas or flared. Gas flare rate was 8.60 per cent for the month under review i.e. 684.69mmscfd compared with average gas flare rate of 10.17 per cent i.e. 800.59mmscfd for the period September 2017 to September 2018.”
The NNPC further said that the total gas supply from September 2017 to September 2018 stood at 3.094 trillion scf, out of which 464.48 billion scf and 1.331 trillion scf were commercialised for the domestic and export market respectively.
“Out of the 1.011 billion scfd of gas supplied to the domestic market in September 2018, about 614.55mmscfd of gas, representing 60.73 per cent was supplied to gas-fired power plants while the balance of 397.41mmscfd or 39.27 per cent was supplied to other industries.
“Similarly, for the period of September 2017 to September 2018, an average of 1.185 billion scfd of gas was supplied to the domestic market, comprising of an average of 743.85mmscfd or (62.75 per cent) as gas supply to the power plants and 441.58mmscfd or (37.25 per cent) as gas supply to industries.”
It said about 3.370 billion scfd or 90.50 per cent of the export gas was sent to Nigerian LNG Limited in September, compared with an average of 3.043 billion scfd or 89.58 per cent for the period September 2017 to September 2018.
Source: The Ripples
Published in Business
  1. Opinions and Analysis


« January 2019 »
Mon Tue Wed Thu Fri Sat Sun
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31