NNPC to invest USD15 bn in Nigerian power

The Nigerian National Petroleum Corporation (NNPC) said it would invest approximately USD15 bn to build gas-based power plants in the West African country, adding some 4,000 MW to the country’s grid over the next ten years.

NNPC said that three power plants, with a combined capacity of 3,100 MW, will be developed at Abuja, Kaduna and Kano. These plant will be positioned close to the Abuja-Kaduna-Kano (AKK) gas pipeline, which is currently under construction.

The corporation’s chief operating officer for gas and power, Saidu Mohammed, said NNPC would achieve its goal by developing the plant in joint venture with private investors. “Power generation is a big business. As of 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 MW and they are the most reliable and cheapest source of power to the national grid in Nigeria today,” Mohammed said.

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Source: NNPC

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