Business NNPC Announces Plan to Build 4000MW Power Plant in Nigeria

Discussion in 'Business News' started by Lequte, Mar 20, 2017. Views count: 1065

  1. Lequte

    Lequte Scientist Curators

    The Nigerian National Petroleum Corporation (NNPC) has announced that it will invest around $15 billion to build several power plants across Nigeria to generate 4,000 megawatts (MW) of electricity in the next 10 years.

    This is according to NNPC’s Chief Operating Officer, COO, in charge of Gas and Power, Saidu Mohammed.

    He said three of the power plants, with combined output capacity of 3,100MW, would be built in Abuja, Kaduna and Kano, along the route of its Abuja-Kaduna-Kano (AKK) gas pipeline which is under construction at the moment. This way, gas supplies to them would be guaranteed, it said.

    NNPC also said as part of the business model for the construction and operation of the power plants, Incorporated Joint Venture (IJV) companies involving the NNPC, international power companies and other Nigerian investors would be set up in this regard.

    The IJVs, he said, would be structured after the current business model used by the Nigerian Liquefied Natural Gas (NLNG) Limited.
     

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