NNPC to supply electricity to Nigeria

NNPC to supply electricity to Nigeria

The Nigerian National Petroleum Corporation (NNPC) will soon begin supplying Nigeria with electricity it generates as it unveiled its plan to go into power generation and transmission.

Read also: About 70% electricity consumers don’t pay their bills – Discos

Disclosing this was Group Managing Director of NNPC, Dr Maikanti Baru, at the 53rd International Conference and Exhibition of the Nigerian Mining and Geosciences Society (NMGS) in Abuja.

Baru, who delivered a paper entitled, “Challenges and Prospects for the Diversification of the Upstream, Downstream and Frontier Basin Exploration in the Oil and Gas Sector”, disclosed that NNPC is already cashing in on the opportunity in power sector, adding that the corporation is gradually transforming from being a gas supplier to the power sector, into a major player in the sector.

He said work is underway in the corporation to generate four Megawatts (4MW) of electricity while also exploring the possibility of investing in the transmission segment of the power sector.

The GMD debunked claim that the prevailing poor power situation was due to inadequate gas supply.

According to him, the major problem was inadequate transmission capacity. He explained that the transmission grid could not support such volume of power without complications.

Name
Email *

Related Articles

Well-wisher delivers flowers to Buhari in London

A report has it that a well-wisher of President Muhammadu Buhari delivered a bouquet of flowers alongside what looked like

AIDS patient jailed for 2 Years

Justice Chukwujekwu Aneke of a Lagos Federal High Court, on Friday, sentenced an Acquired Immune Deficiency Syndrome (AIDS) patient, Adeyemo

Kwara PCRC Chairman arrested over N60M fraud

The Chairman, Kwara State Police Community Relations Committee (PCRC), Mr. Taiye Jonipinsaye, has been arrested over alleged N60m fraud. Read


x

Related Posts

There is provision for PSP Operators in new waste mgt policy, Lagos tells court
The High Court of Lagos State on Friday, 23rd June, 2017, in a suit commenced by the Incorporated Trustees of Association of Waste Managers in Ni...
Igbos have more land in the North than South-East - Kwankwaso
Former governor of Kano State, Senator Rabiu Kwankwaso, said the land area the Igbos occupied in the northern part of the country is bigger than ...
You are not Lagos minister but Nigeria - Senate tells Fashola
The National Assembly has hit back at the Works, Housing and Power Minister Babatunde Fashola saying the former governor was not the minister of ...
powered by RelatedPosts