DESPITE over 192 trillion standard cubic feet of gas reserves yet to be tapped, power plants in the country still lack adequate gas to run turbines, giving rise to N40.548 billion revenue losses by the sector in one month.

The Senior Staff Association of Electricity and Allied Companies, TCN Branch, has commended the efforts of the TCN on attaining new national peak load for the country.

PLANS are underway for the establishment of Qua Iboe Power Plant, a new electricity company by Akwa Ibom State Government. The Qua Iboe Power Plant project, which is to be cited at Qua Iboe On-shore Terminal in Ibeno Local Government Area of the state would be operated under Public Private Partnership Agreement (PPA), with the Nigerian National Petroleum Corporation (NNPC) Joint Venture, Dangote Group, Black-Rhino, African Development Bank, International Finance Consortium (I FC) and the Islamic Development Bank as financiers of the project. Governor Udom Emmanuel disclosed this, after a meeting with the investors on the new power plant project in Uyo at the weekend.

THE Management of NIPCO Plc has explained why the workforce of the downstream giant has remained the major asset of the company since its inception in 2004.

Capital flight plaguing the country must be curtailed if the oil industry domesticates training of oil and gas workers, Dr. Afe Mayowa, President of Oil and Gas Trainers Association of Nigeria (OGTAN), has said