{"id":237702,"date":"2012-12-09T19:40:00","date_gmt":"2012-12-09T19:40:00","guid":{"rendered":"http:\/\/www.ghanamma.net\/2012\/12\/nerc-u-s-move-to-enhance-gas-fired-electricity-investment\/"},"modified":"2012-12-09T19:40:00","modified_gmt":"2012-12-09T19:40:00","slug":"nerc-u-s-move-to-enhance-gas-fired-electricity-investment","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2012\/12\/09\/nerc-u-s-move-to-enhance-gas-fired-electricity-investment\/","title":{"rendered":"NERC, U.S. move to enhance gas-fired electricity investment"},"content":{"rendered":"
\n

CONSIDERING the huge challenges in the supply of gas to rev-up the operation of gas-fired electricity plants in the country, Nigeria and the United States are collaborating to improve private sector investment in this critical area of the nation\u2019s power sector.<\/p>\n

Gas-powered generation is the largest source of growth in electricity production in the world while most new capacity has relied on gas-fired turbines either straight or combined cycle or combined heat and power<\/p>\n

Through the National Association of Regulatory Utility Commissioners (NARUC) and Nigerian Electricity Regulatory Commission (NERC), both countries are seeking to make private investment more attractive and more sustainable for the sector in Nigeria, a country with a proven gas reserve of 187 trillion cubic feet and currently ranked eighth largest gas reserves in the world.<\/p>\n

Project Manager in charge of Energy and Climate Change at the United States Agency for International Development, Imeh Okon, stated at a training for sector officials on enhancing natural gas-fired electricity generation investment in Nigeria that gas-fired plants were critical to its power sector.<\/p>\n

Okon said: \u201cWe are trying to assist the government of Nigeria achieve its goal of achieving electricity generation. We think that because we have bilateral relationship with the country, the only way out is to assist them to increase power so that the economy can grow. We all know that without electricity, most of the sectors are suffering and they are not growing and the poverty rate is also increasing. With electricity, we believe that every Nigerian will have the opportunity and capacity to grow and be able to meet their economic needs.\u201d<\/p>\n

Executive Director, Organisation of Midwest Independent System Operator, Inc. (MISO), United States, William Smith, stressed that the pricing of natural gas needed to be right to improve investment in thermal plants. He said his team was brining the experience of the United States to assist Nigeria.<\/p>\n

He said: \u201cWe are bringing the U.S. has-fired plants generation experience and years of regulatory experience to discuss with the NERC specialists and our counterparts as they look at ways of increasing the amount of gas-generation that could be installed in Nigeria and the gas facilities that are necessary to deliver that gas to the plant. That is what we have been discussing.<\/p>\n

\u201cWhat we have been talking about is how you build the pricing structure within the natural gas system at the production point, at the processing, at the pipeline stages, for delivery distribution system and all of those, maybe needed for some generators. But then, the development of increased infrastructure to use the natural gas for commercial purposes such as generation of electricity and potentially other uses can share the same facilities. We are trying to stimulate that investment. That is what we are helping our colleagues explore how to do.\u201d<\/p>\n

Assistant Manager, Market Competition and Rates, Emeka Onyegbule, stressed that the workshop was part of a series of capacity building partnership between NERC, NARUC and USAID, stressing that this year\u2019s partnership has an extension of a workshop on gas to power in the light of lingering gas-to power issues in the country.<\/p>\n<\/div>\n

Read More:
\nNERC, U.S. move to enhance gas-fired electricity investment<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

CONSIDERING the huge challenges in the supply of gas to rev-up the operation of gas-fired electricity plants in the country, Nigeria and the United States are collaborating to improve private sector investment in this critical area of the nation\u2019s power sector. Gas-powered generation is the largest source of growth in electricity production in the world while most new capacity has relied on gas-fired turbines either straight or combined cycle or combined heat and power Through the National Association of Regulatory Utility Commissioners (NARUC) and Nigerian Electricity Regulatory Commission (NERC), both countries are seeking to make private investment more attractive and more sustainable for the sector in Nigeria, a country with a proven gas reserve of 187 trillion cubic feet and currently ranked eighth largest gas reserves in the world. Project Manager in charge of Energy and Climate Change at the United States Agency for International Development, Imeh Okon, stated at a training for sector officials on enhancing natural gas-fired electricity generation investment in Nigeria that gas-fired plants were critical to its power sector. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-237702","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"\nNERC, U.S. move to enhance gas-fired electricity investment - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2012\/12\/09\/nerc-u-s-move-to-enhance-gas-fired-electricity-investment\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"NERC, U.S. move to enhance gas-fired electricity investment - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"CONSIDERING the huge challenges in the supply of gas to rev-up the operation of gas-fired electricity plants in the country, Nigeria and the United States are collaborating to improve private sector investment in this critical area of the nation\u2019s power sector. 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