The state-run Nigerian National Petroleum Corporation (NNPC) has said that it will generate about 4,000 megawatts of power in the next 10 years to boost power supply in the country.The Chief Operating Officer, Gas and Power of the NNPC, Mr. Saidu Mohammed, said that the corporation would achieve this by building independent power plants over the next three to 10 years.
A statement signed by NNPC Group General Manager, Public Affairs, Mr. Ndu Ughamadu, on Monday in Abuja said that the power plants, which would be built with joint venture companies, international power companies and Nigerian investors, would be structured after the Nigerian Liquefied Natural Gas business model.
“Power generation is a big business. As at today, NNPC has interest in two power plants, one in Okpai, Delta State and the other in Afam, Rivers State.
“Both were built by joint ventures with Nigerian Agip Oil Company and Shell Petroleum Development Company.
“These two power plants collectively generate up to 1,000 megawatts and they are the most reliable and cheapest source of power to the national grid in Nigeria today,” Mohammed said.
According to Mohammed, plans are underway to build Okpai Phase 2, Obite and Agura power plants to boost power generation in the country.
He said that the corporation had commenced the extension of its major gas pipeline infrastructure on Ajaokuta-Abuja-Kaduna-Kano axis and other robust network to connect various parts of the country.