The Nigerian National Petroleum Corporation (NNPC) has said it will generate about 4, 000 megawatts (MW) of power in the next ten years to boost power supply in the country. The company would achieve this by building independent power plants.
According to the Corporation’s Chief Operating Officer (COO), Gas and Power, Engr. Saidu Mohammed the power plants would be built in the next three to ten years by Incorporated Joint Venture (IJV) companies that would involve NNPC, International Power Companies and other Nigerian Investors to be structured after the Nigerian Liquefied Natural Gas (NLNG) business model.
He explained this in a statement at the 2017 retreat of his Autonomous Business Unit, ABU (Gas and Power), in Kaduna. He affirmed that power generation is big business, adding that as at today, NNPC has interest in two power plants, one in Okpai, Delta State and the other in Afam, Rivers State, which were respectively built by our Joint Ventures with Nigerian Agip Oil Company (NAOC), and Shell Petroleum Development Company (SPDC).
According to him, 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.
He said plans were underway to commence Okpai Phase 2 Power Plant and that other JV power plants like Obite and Agura would also be progressed soon to boost power generation in the country.
The NNPC COO noted that the new thinking involved the extension of the Corporation’s major gas pipeline infrastructure into a robust network to connect various parts of the country, adding that implementation of the Ajaokuta to Abuja-Kaduna-Kano (AKK) extension has progressed.