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Aba Power Adjusts Tariff, Maintains Position as Nation’s Lowest

Aba Power’s decision to adjust its tariff while maintaining its position as the nation’s lowest demonstrates its commitment to its customers and the community.

Geometric Power Plant Osisioma

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“Band A Maximum Demand (MD) customers, who receive power for at least 20 hours daily, will now pay between N114.66 and N117.1 per kilowatt hour (KWh), from N109.79 KWh,” confirmed Ugo Opiegbe, Managing Director of Aba Power Ltd, in a telephone interview with our energy reporter, Ferdie Agu, this morning.

Opiegbe emphasized, “It is still the lowest in the country for that category of customers,” contrasting it with rates charged by other electricity firms.

“The Southeast zone of the Electricity Consumers Association of Nigeria (ECAN) had three weeks ago commended Aba Power,” noted Engineer Joe Ubani, ECAN Southeast Zonal Chairman, and Secretary Comrade Chris Okpara.

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Engineer Cliff Eneh, a former senior manager with the defunct National Electricity Corporation of Nigeria (NEPA), agreed, describing both Professor Bart Nnaji and Geometric Power as “hugely self-sacrificing.”

He further added, “Frankly, they behave like people in a vocation whose mission is to provide affordable, quality, and constant power to the citizens, despite all they have gone through in the last 20 years.”

Aba Power’s decision to adjust its tariff comes almost two months after the other 11 electricity distribution companies in Nigeria increased their rates for Band A customers due to the prevailing economic situation in the country. Despite this adjustment, Aba Power remains committed to providing affordable electricity to its customers.

“Our Band A MD customers are primarily industrialists who are unfortunately experiencing serious headwinds,” Opiegbe noted, emphasizing the importance of supporting industries in the region. He highlighted the efforts of Professor Bart Nnaji, the founder and chairman of the Geometric Power Group, in establishing the 188-MW gas-fired plant in the Osisioma Industrial Layout of Aba.

Professor Nnaji, a former Minister of Power, brought his expertise in manufacturing engineering from the United States to Nigeria, setting up the Aba Independent Power Project. Vice President Kashim Shettima commissioned this project on February 26, 2024, on behalf of President Bola Tinubu.

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The Southeast zone of the Electricity Consumers Association of Nigeria (ECAN) has been vocal in its support of Aba Power. They commended the company for retaining the approved tariff structure in nine of the 17 local government areas (LGAs) in Abia where it supplies electricity. This consistency reflects Aba Power’s dedication to its customers and the community it serves.

Engineer Joe Ubani and Comrade Chris Okpara of ECAN Southeast highlighted the unique position of Aba Power, noting that it has not benefited from the subsidies paid to other distribution companies since the privatization of the Power Holding Company of Nigeria (PHCN) assets in November 2013. This observation underscores the challenges faced by Aba Power in fulfilling its mission.

Engineer Cliff Eneh, drawing from his experience in both Nigerian and American power industries, praised the self-sacrifice of Professor Nnaji and Geometric Power. He emphasized their commitment to providing affordable, quality, and constant power to the citizens, despite the obstacles they have encountered over the years.

Aba Power’s decision to adjust its tariff while maintaining its position as the nation’s lowest demonstrates its commitment to its customers and the community. Despite the challenges facing the electricity sector in Nigeria, Aba Power continues to strive for excellence and affordability in its service delivery. GMTNewsng

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Energy

Why Dangote Took a Swipe at Oil Saboteurs: A Bold Move to Secure Nigeria’s Future

“Well, I knew that there would be a fight. But I didn’t know that the mafia in oil, they are stronger than the mafia in drugs. I can tell you that. Yes, it’s a fact,” Dangote stated.

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Aliko Dangote

▪️ Omo Omoruyi

Lagos, Nigeria – Aliko Dangote, Africa’s wealthiest man and the powerhouse behind the Dangote Group, has made waves with his scathing remarks against saboteurs in Nigeria’s oil sector. Speaking at the Afreximbank Annual Meetings in the Bahamas, Dangote disclosed the fierce and ongoing efforts by what he termed an “oil mafia” to sabotage his $19 billion Dangote Petroleum Refinery project.

“Well, I knew that there would be a fight. But I didn’t know that the mafia in oil, they are stronger than the mafia in drugs. I can tell you that. Yes, it’s a fact,” Dangote stated. This vivid comparison highlights the serious opposition he has faced from both local and international actors’ intent on thwarting his project.

Dangote, renowned for his resilience and determination, recounted the various strategies these groups employed to halt his refinery. “But I’m a person that has been fighting all my life. You know, so I think it’s part of my life to fight,” he said, emphasizing his lifelong battle against formidable challenges.

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He didn’t stop at local saboteurs but also criticized the role of certain international banks during the COVID-19 pandemic. According to Dangote, these banks aimed to push his company into loan defaults to kill the refinery project. “As a matter of fact, during the COVID period, some of the international banks really were looking forward to making sure that they push us into default of our loans so that the project will just be dead,” he revealed.

Despite these setbacks, Dangote expressed his gratitude to supportive financial institutions like Afreximbank, which played a crucial role in helping his company navigate these turbulent times. This support was vital in ensuring the refinery project remained on track.

Highlighting his unwavering commitment, Dangote announced that he has repaid $2.4 billion of the $5.5 billion borrowed for the refinery. This significant repayment underscores his dedication to seeing the project through to completion.

In an exciting move, Dangote revealed plans to diversify into the steel sector, aiming to use exclusively Nigerian-produced steel and achieve self-sufficiency. This diversification aligns with his broader vision of enhancing Nigeria’s industrial capabilities and reducing reliance on imports.

The Dangote Refinery, once operational, is set to revolutionize Nigeria’s oil industry by significantly reducing the country’s dependency on imported refined products. It will also stabilize the domestic supply of petroleum products, marking a pivotal change for the nation’s energy sector.

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However, the refinery’s launch of petrol sales has been rescheduled to mid-July due to “minor” logistical issues, delaying the initial June target. Despite these delays, Dangote remains optimistic about the refinery’s potential impact on Nigeria’s economy and energy security.

Dangote’s revelations about the sabotage attempts shed light on the severe challenges major industrial projects face in Nigeria. His steadfast commitment to overcoming these obstacles reflects his dedication to driving economic growth and industrial self-sufficiency in the country. His bold stance against the so-called “oil mafia” underscores his vision for a stronger, self-reliant Nigeria. GMTNewsng

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Energy

Gas Supply Disruption Affects Aba Power

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Power supply has been disrupted in parts of the nine local government areas in Abia State serviced by Aba Power, it has been learnt.

The problem began late last week and may continue till the end of today (Monday).

The disruption is a result of what an insider at the Nigerian National Petroleum Company (NNPC) Limited called gas logistics issues.

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The engineer didn’t explain the nature of gas issues because he isn’t authorised to speak to the media on the matter.

However, it is understood that the gas issues have to do with the ongoing repairs of a gas pipeline in Rivers State.

“We swung into action immediately we received a status report on the valve because we understand the very delicate nature of the rupture, apart from the fact that we don’t want the people of Aba, a major industrial and commercial city, to be without power for long”, the NNPCL engineer explained.

Sources at Aba Power informed our correspondent that many parts of the Aba Ring-fenced Area still receive electricity because the distribution company “is now importing power from the Niger Delta Power Holding Company (NDPHC)”.

The sources, who asked not to be named in the media because they didn’t have the firm’s mandate to grant a press interview, stated that “Aba Power is paying an unbelievable amount, over N2 billion, for only 25 megawatts just to ensure that Aba people run their business as much as possible”.

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The sources did not state with certainty when the repairs would be concluded, but it is most likely to be “anytime from now because of the immense pressure from” from the Geometric Power Group, which owns Aba Power.

The communication consultant to Aba Power, C. Don Adinuba, told correspondents that he had just landed in Lagos and had and had not been briefed on new developments in the office or in the field. He referred correspondents to the Aba Power acting managing director, Ugo Opiegbe.

Our attempt to speak Opiegbe before filing this report failed.

“I am in the church. Please, call back later, “he said on the phone.

He gave the same reply an hour later. GMTNewsng

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“Commissioning of Geometric Power Plant: A Milestone for Enhanced Electricity in Nigeria” – Ben Caven

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Engr Ben Caven

In a landmark achievement with the potential to power economic growth in Aba, Abia State, Geometric Power Ltd is on the verge of unveiling a significant electric power infrastructure. Preparations for the commissioning of the 188-megawatt Geometric Power plant are in the final stages, promising to supply non-stop electricity to the area and positively disrupt the region’s energy sector.

The anticipation among the city’s residents and businesses is palpable as Engineer Ben Caven, Geometric Power Ltd’s Managing Director, and former chief of multiple divisions at the defunct National Electric Power Authority (NEPA), provides updates on the project. “This is a significant moment for Aba; the promise of uninterrupted power is within reach,” stated Caven, showcasing the project’s ambition.

Recently, the dialogue between Geometric Power officials and the leaders of the Aba Landlords Protection and Development Association (APALDA) has culminated in an agreement that shapes the future of the area’s electric power. This progressive discourse has paved the way toward resolving the final challenges ahead of the power plant’s commissioning.

The unveiling of the power plant, however, is contingent upon overcoming a significant challenge: the awaited supply of natural gas to the facility. Despite the readiness of the vital pipeline, the Nigerian National Petroleum Company Ltd (NNPCL) has yet to commence gas delivery. Engineer Caven explained, “The technical commissioning of the plant hinges on the NNPCL’s gas supply, which we eagerly anticipate for operational commencement.”

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The ongoing issue of gas delivery can be traced back to a legal entanglement involving the former operator of Oil Mining Lease (OML) 17. The NNPCL’s subsequent involvement, aiming to elevate Nigeria’s hydrocarbon industry to international significance, has energized efforts to revamp the aging gas infrastructure. “The final chapter of this saga draws to a close with NNPCL’s commitment to uphold the highest standards in gas supply,” Caven affirmed.

Once operational, the Geometric Power plant’s initial turbine alone will double the electric output to the Aba Ring-Fenced Area. “By implementing advanced technology, we are not just promising better power supply but transforming it into a reality for millions,” stated Caven, highlighting the project’s potential for far-reaching impact.

Engineer Caven conveyed immense optimism about the expected economic revival, particularly in Aba’s industrial sector. “A constant and affordable power supply is a catalyst for industrial growth, turning Aba into a powerhouse of African manufacturing,” Caven stressed, envisioning a future where the city can earn back its title as the “Japan of Africa.”

Acknowledging the substantial investment sunk into the Geometric Power Group, Caven asserted that the dividends of this investment will flow from a stable and satisfied customer base. “It’s a symbiotic relationship; the success of our customers energizes our venture,” he shared, emphasizing how each component of the power supply chain is interconnected.

The conversation inevitably touched upon the new electricity tariff, a source of concern among the consumers. Caven sought to clarify misconceptions, stressing, “Aba Power is not the architect of electricity tariffs. The responsibility lies with the Nigeria Electricity Regulatory Commission (NERC), informed by the ever-changing economic conditions.”

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As the briefing neared its close, Engineer Caven dedicated time to directly address all the project’s supporters. “The progress we’ve made is a tribute to your enduring support. We are transitioning into an era of reliability in energy supply – this is just the beginning,” he conveyed, paying homage to the community that stands to benefit from this undertaking.

Reiterating the project’s significance, Caven thanked the stakeholders for their steadfast support, providing the backbone for a journey that is now nearing a triumphant milestone. He reflected on the collaboration, patience, and determination that characterized the initiative.

In his final remarks, Caven cast a vision of Aba as a beacon of industrial strength in Nigeria. “As we power up the Geometric plant, we are powering up the potential of every home, every business, and every dream in Aba,” proclaimed Caven, summing up the transformative nature of the endeavor.

The promise of a self-sufficient, well-illuminated Aba is not just a dream but a near reality, as Engineer Caven’s concluding thoughts reflected an unequivocal confidence in the bright future awaiting Aba, bolstered by the unremitting flow of electricity soon to be generated by the Geometric Power plant. With this, Aba is on the brink of an electrifying breakthrough that will redefine its destiny and potentially set a precedent for power distribution across Nigeria. GMTNewsng

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