FUTURE PRESS RELEASE:

June 28, 2004 09:15:00 (GT)

Ijawnation: June 28, 2003. As part of its commitment to meet the growing electricity needs of customers, Bayelsa Power and Light today broke ground on
four new power plants at the Abari Energy Complex, the Tungbu Energy Complex, the Burutu Energy Complex and the Patani Energy Complex in Bayelsa and Delta States. The new facilities will add 400 megawatts of generating capacity by December 2008. (That’s enough electricity to serve approximately 150,000 homes and businesses). The new clean-burning natural gas-fired combined-cycle plant has a combined-cycle block consisting of two combustion turbine (CT) generators and a system for recovering exhaust heat from the CTs to produce steam, which generates more electricity by sending the steam through a steam turbine. Thus, for the same amount of gas, the combined-cycle plant generates about 50 percent more electricity, making it highly efficient. The plants are to be equipped with state-of-the-art emission controls.

01. Bayelsa Power and Light  must plan to meet customers’ growing energy needs with sound planning.
02. Increased environmentally responsible generating capacity is a key to sustained power output.
03. Lower affordable rates, improved reliability and enhanced customer service.
04. A follow through on commitment to ensure a clean, reliable, cost-effective supply of electricity for customers.
05. Where possible, existing plant sites must be utilized to help preserve land resources and minimize impacts on the environment.
06. The commitment to increasing generating capacity to meet the energy needs of UIS and provide the power that sustains
      and grows the UIS economy.
07. By the end of 2009, another 100 megawatts of new generating capacity will enter service. (construction starts in 2006)
08. By the end of 2013, another 500 megawatts of new generating capacity will enter service. (construction starts in 2010)  
09. Recognizing that expansion plans have an impact on the communities served by adding not only power plants, but also power lines and
      wires needed to move electricity from the generation sources to population centers. The willingness to continue to work with  municipalities,
      local governments, agencies and citizens  to look for ways to enhance the benefits and operating and environmental performance of power
      generating facilities.
10. If the energy needs of UIS increase beyond current projections, Bayelsa Power & Light will accelerate power plant
      expansion timetable.
11. Ensuring and promoting cost-effective energy conservation programs to help reduce demand for electricity while providing
      UIS  low-cost , reliable and environmentally responsible electricity.

• Employ best-in-class emission control technologies to minimize environmental impacts
• Minimize impacts to local estuaries, vegetation, fisheries and wildlife
• Comply with the letter, spirit and intent of all environmental laws, regulations and standards
• Incorporate environmental protection and stewardship in the design, construction, operation and maintenance of all facilities

    * Major scheduled plant additions:
    * Kolo Creek - 100 megawatts of new capacity by mid 2006
    * Odi LGA -  new natural gas, combined cycle units of 100 megawatts in 2008
    * Brass LGA - new natural gas, combined cycle unit of 100 megawatts in 2009
    * Bomadi LGA - new natural gas, combined cycle unit of 100 megawatts in 2010
    * Andoni LGA - new natural gas, combined cycle unit of 100 megawatts in 2010

Picture Source: Siemens Westinghouse

 

A 395 MW Combined-Cycle Power Plant like this in  

 

Otahuhu, New Zealand is feasible and highly profitable for venture capitalists willing to invest in the UIS

TARGETED SECTORS AND INFRASTRUCTURES

International Investment

UIS natural resources and key location have made it a region favored by international investors. Today, international holdings in the state is in the form of oil pipelines and petro chemical installations.
 

Waterborne Commerce

UIS is currently seeking investors for deep water ports that can handle more than 100 million tons of cargo in the Niger Delta waterborne commerce a year. We strive to have the largest Niger Delta port. In addition to crude oil and petro chemicals, we seek development that would bring other cargoes that include chemicals, seafood and general cargo. We seek investors that would help Ijawland ports develop and be the gateway out of the Niger Delta to the rest of Africa and the World.

Petroleum Refining

UIS is the largest crude oil producer in the Niger Delta and therefore suitable for refineries of petroleum and petro chemical products in Nigeria. We are seeking investments to establish one of the largest and most diversified refineries in the Africa to produce lubricants and fuels, including 5.1 billion gallons (17.5 billion liters) of gasoline a year.

Petrochemical Production

UIS petrochemical industry, when fully developed would manufacture one half of  Africa’s petrochemicals, including basic chemicals, plastics and fertilizers. Annual production in Ijawland would be valued at more than $20 billion.

Natural Resources

UIS natural resources include 80 percent Niger Delta petroleum reserves and 95 percent of the Nigeria’s reserves of natural gas. It can also be the largest producer of rice and seafood in Nigeria and a minor producer of sulphur, lime and silica sands. The total value of all mineral production in Ijawland is the highest in the Niger Delta and Nigeria  indeed.

Forest Resources

UIS has 6.8 million acres of hardwood and softwood forests that is capable of supporting a large pulp and paper industry and the production of pine plywood and lumber for construction. Ijawland’s temperate climate and abundant rainfall give it one of the fastest tree-growing cycles in the Niger Delta.

General Manufacturing

UIS general manufacturing sector is suitable for and will include maritime, military, barge and recreational vessel shipbuilding, light truck assembly, aerospace and aviation facilities, automobile equipment manufacturing, food processing and apparel manufacturing when fully developed.

Seafood Industry

UIS fishing industry will be largest in the Niger Delta, accounting for 50 percent of all seafood that would reach Nigeria and neighbouring countries. The catch will include oysters, crab, crawfish, shrimp, red fish, shark and catfish. Crawfish, salmon, and catfish can and will be harvested from specially-developed freshwater "farms".

Agriculture

UIS will be among the largest producers of  tomato, yams, rice, cassava, sugar cane, plantain and banana

Tourism

Among  UIS best known attractions are the friendly people and cuisines such as "pepper soup". Other Ijawland tourist attractions include outstanding hunting, freshwater and deepwater fishing, thousands of miles of rivers and creeks and hundreds of lakes for boating, water skiing and sailing; camping, hiking and canoeing and historical sites. Yenagoa, Odi, Patani and Kaiama are a few historical places for millions of visitors. Elsewhere in Ijawland, more than a hundred colorful festivals (Ogoriba Oge) are held each year to celebrate crop harvests and forestry, the blessing of the fishing fleets and dozens of foods and language variations. Oloibiri, the place where crude oil was first explored in the Niger Delta is a must see. The proposed "Oil Museum" will be a welcome site for visitors.

Urban Areas

UIS is predominantly rural. Yenagoa, the capital of Bayelsa State is fast becoming a thriving metroplolitan area

ENERGY NOW

We are committed to working with investors to build a prosperous economy. A $ 60 MILLION grant or investment will go a long way to help finance the purchase of two power- generating barges.

Using locally produced natural gas, these barges on the Niger and Nun Rivers will generate enough electricity to meet the expanding needs of area residents and to help fuel the various processing plants and the petrochemical mining industry.

These barges to be furnished by Siemens - Westinghouse will provide increased power generation to meet Ijawland’s energy needs.

  Picture Source: Siemens Westinghouse

The additional power will improve the quality of life in Ijawland. Refrigeration of food, medicines, and infant formula will be more widely available. The air conditioning of health facilities and lighting for schools also will have a profound impact on the daily lives of Ijaw people.

The generating capacity of the power barges will facilitate industrial development which will enhance economic growth in Ijawland. In addition to oil, gas, and petro chemicals, the additional power will further the development of the yam, rice, cassava, sugar cane, plantain, banana, palm oil, pharmaceuticals, and coconut industries.

We welcome the opportunity to work with investors on this and  other projects that benefit their businesses and improve quality of life for the people of Ijawland and the Niger Delta. Won’t you please partner with us today.

Top Eight Reasons to Locate in the UIS

Productive Work Force   UIS production workers are among the most productive in the Niger Delta. Affordable skilled labor is readily available.       Resources   UIS contains 80 percent of oil reserves and 90 percent of the Niger Delta natural gas reserves and has more than 100 billion gallons of water flowing daily and readily available for processing.     Comprehensive Transportation Network   UIS will develop complex transportation systems which will  include motorable road networks, deepwater ports, barge access and four commercial airports.     Proximity to Markets   The populous nation of Nigeria and neighboring African countries are a gateway away.     Low-Cost Energy   UIS energy cost per million BTU to industrial users will be lower than any comparable region when fully developed. Business Incentives   UIS business incentives include a 5 to 10 year industrial property tax exemption, inventory tax credits, jobs tax credits, Enterprise Zones, tax credits based on percentage of gross payroll, investment tax credit, and a tax exemption on goods in transit.     Business Climate   UIS is ripe for foreign investments and the rewards are immense for brave and visionary entrepreneurs and corporations.     Professional Location Assistance   The Economic Development Council location specialists can provide information and assistance on labor, sites, utilities, incentives, training, markets,  environmental permitting, and transportation costs.

"We gain strength, and courage, and confidence by each experience in which we really stop to look fear in the face… we must do that which we think we cannot." — Eleanor Roosevelt