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EEDC Invests in Anambra, Imo to Enhance Power Supply

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  • EEDC Invests in Anambra, Imo to Enhance Power Supply

Electricity consumers in Awka, Anambra State and Owerri, Imo State will soon begin to enjoy improved power supply going by the level of investments the Enugu Electricity Distribution Plc (EEDC) has made towards improving its electricity infrastructure in the two states.

These investments include the construction of a 1 x 7.5MVA Injection Substation at ABS, Awka, and upgrading of the 7.5MVA Injection Substation at Agu Awka to a 15MVA; while in Imo State, approval has been obtained for the construction of a new Oguta 33KV line valued at over N140 million, which will radiate from Egbu Transmission Company of Nigeria (TCN) station.

The Head, Communications, EEDC, Mr. Emeka Ezeh, who made this known in a statement, explained that the projects were necessitated by the challenges of poor electricity supply within the areas due to over loaded feeders.

The 1 x 7.5MVA Injection Substation at ABS, Awka, which would be ready for inauguration within the first quarter of the year, was expected to improve electricity supply to Okpuno, Isuaniocha, Mgbakwu, Urum and Amanuke communities and the university community.

The upgrade of Agu Awka injection substation was expected to address the electricity supply challenges and boost supply to Awka Industrial Layout, Ifite, Agu-Awka GRA, and parts of Nkwere Awka, UNIZIK, Amansea, Ebenebe, Ugbenu and Ugbene communities.

Also in Owerri, work would soon commence on the new Oguta 33KV line which would take care of customers in New Owerri, World Bank, Concord Hotel area, Irete community and industrialists within the area. Effort has equally been made to radiate a dedicated feeder to improve availability to Alex Aluminum and other industrialists within the cluster.

The EEDC had last year delivered major network enhancement projects ranging from de-loading of feeders, deployment of relief transformers and replacement of failed transformers. In Enugu, the company completed and inaugurated the 1 x 7.5 MVA Nike lake injection substations at Nike, which greatly improved electricity supply to the entire Nike area and parts of Abakpa.

In a related development, EEDC constructed three feeders to improve supply to her customers in Nsukka, they are the UNN 33KV, Nru 33KV and Wilson 11KV feeders. This has significantly improved power supply to the area and resulted to the deloading of Eha Amufu 33KV line.

According to Ezeh, the company x-rayed its network; identifying areas that needed critical attention with a view to strategically address them.

“It is not possible to attend to all the challenges at the same time, but there is a conscious effort by the business to deal with them and that has informed the investments in the network.

“These investments underscore our organisation’s commitment to strategically addressing the power supply needs of our customers, we are therefore hoping that they will reciprocate this gesture by ensuring they pay their electricity bills as and when due.

“It is also hoped that they join hands with the EEDC in safeguarding the power installations serving them from being vandalised, and desist from acts such as meter bypass and energy theft,” he added.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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MTN Nigeria, Gameloft Partner to Increase Access to Variety of Exciting Games

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MTN Nigeria announced it has partnered with Gameloft, a leader in the development and publishing of games, to increase access to a variety of fun and exciting games online.

The telecommunications giant in collaboration with its new partner, Gameloft announced the launch of MTN Gameworld, a new gaming platform for its subscribers.

According to MTN, the new platform will allow the Nigerian growing gaming community access to a lot of unique games online through an extensive premium catalogue from Gameloft and other renowned publishers.

Commenting on the partnership, Srinivas Rao, the Chief Digital Officer, MTN Nigeria, said, “We are constantly seeking to deliver innovative products that support the aspirations of our customers, whilst delivering superior user experience. This partnership allows us to provide our customers with access to a variety of exhilarating games from Gameloft and other leading publishers at an affordable rate.”

MTN Gameworld will allow subscribed customers access to a variety of games, which they can play at subsidised data rates through the MTN Gameworld app. Android, iOS and Windows phone users can subscribe via SMS, app, web, USSD menu (*447#), 131 USSD menu and any other MTN customer channel.

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President Buhari Commissions 5,000bpd Modular Refinery Built in Imo State

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President Muhammadu Buhari on Tuesday commissioned the 5,000 barrels per day modular refinery built by Waltersmith Group in Imo State.

President Buhari, who commissioned the new modular refinery virtually, said the refinery will enable Nigeria to export petroleum products to neighbouring countries and other markets.

The 5,000 barrels per day Waltersmith Modular Refinery is the first phase of 50,000 barrels per day combined capacity plant planned for Imo State, according to the Group.

Buhari commended Waltersmith Group, an indigenous oil firm, and the Nigerian Content Development and Monitoring Board for the collaboration that led to the actualisation of the modular refinery.

President Buhari, therefore, directed the Ministry of Petroleum Resources, the Nigerian National Petroleum Corporation, the Department of Petroleum Resources and all other relevant government agencies to provide Waltersmith all the necessary support in terms of access to crude oil and condensate feedstock.

Buhari said, “We rolled out our refining roadmap in 2018, to address challenges in the downstream sector. After many years of government giving out modular refining licences without any coming on-stream, we are today seeing a commissioning within two years.

“The plan to commence the expansion of this refinery to 50,000bpd capacity, to refine crude oil and condensate, is a demonstration of the economic reform Nigeria is undergoing.

“The realisation of the refinery roadmap will ultimately lead us to becoming a net exporter of petroleum products, not only to our neighbouring countries but to other wide markets,” he said.

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Elon Musk Net Worth Jumps by $100 Billion this Year to Topple Bill Gates, Mark Zuckerberg, Others 

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Elon Musk, the Chief Executive Officer and founder of Tesla, is now the world’s second-richest person following another surge in the price of Tesla share.

Musk total net worth jumped by $7.6 billion to $110 billion between November 16 and 17 to dethrone Facebook founder, Mark Zuckerberg, from the third position.

Since then, Tesla stock has been on a bullish run and in the last 24 hours added $7.24 billion to Elon Musk’s total net worth, according to Bloomberg Billionaire Index. Bringing the billionaire’s total net worth to $128 billion.

Elon Musk’s net worth rose from just $28 billion in January 2020 to $128 billion on November 24, 2020, representing an increase of $100 billion, the highest by any billionaire.

Musk has finally toppled Bill Gates as the second richest person and for the first time, Bill Gates is the third richest man in the world. This is the first time in almost 40 years that Gates will be in the third position.

Billionaires listed on Bloomberg Index have collectively gained $1.3 trillion this year.

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