Duro was trained as an Electrical Engineer where he obtained a Master of Science Degree in Controls and Instrumentation from Obafemi Awolowo University and a Bachelor of Engineering in Electronics from University of Ilorin. Duro won various scholarship and merit awards while in school and the coveted Total Quality Management award at Mobil Oil Nigeria plc. Duro also sits on the Boards of Bluefone Ltd (Chairman; marine logistics solutions company), LYK Engineering Ltd (investors in Akwa refinery & Ibom Power Company that produces about 155MW). This interest exposed him to negotiation of PPA, GSA and its securitisation, Use of System Infrastructure and a Fund Raising Road Show in South Africa with Fieldstone Ltd. He is a shareholder in Tianjin Energy Resources ltd that owns OPL240. Here he participated in negotiation of Farm-In Agreements, Joint Operating Agreements, development of Oil Field Development Work Program. Duro has also been active in the trading of refined Petroleum Products and deployment of marine assets for logistic solutions.
Peter has over 25 years’ experience in the power industry. He has substantial experience in project development, the development of rules and codes for the power industry, the development/modifications of licenses, assessment of bidding strategies and market behaviour, the development of risk management strategies and the designing and delivery of management training and regulatory training programmes.
Peter has worked with the Confederation of British Industry as energy policy adviser and for Eastern Energy of the UK (now part of Eon) as regulatory adviser and as information and forecasting manager, where he was responsible for producing electricity price forecasts. He managed the commercial evaluation of a new generation unit loading and despatch scheduler of the UK electricity market. Internationally, he has had project management roles in major projects concerned with the restructuring of the electricity industry in South Korea, with capability development for the electricity regulatory agency in Pakistan, with advising on risk management strategies in the Netherlands, as a special adviser to the Saudi Electricity Regulatory Authority and with specifying and implementing management information system for a newly corporatized distribution companies in Bangladesh.
Peter was the Team Leader and Resident Economic Regulatory Expert for the
capacity building of the Nigerian Electricity Regulatory Commission. He was the energy economist responsible for advising a team of consultants working for Kaduna State in Nigeria on power generation of multi-purpose hydro dams. He was a member of team of economists engaged to review the Petroleum Industry Bill passing through the Nigeria National Assembly on behalf of the Nigerian National Petroleum Corporation (NNPC).
Peter Butt was also selected to prepare and deliver management and regulatory training to senior NNPC staff. He supported the African Development Bank in assessing the Nigerian power sector. He also managed the development of an emergency power station in Sao Tome and Principe.
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