The Nigerian National Petroleum Corporation has said it will contribute 4000 megawatts of electricity to the national grid within the next decade.
The corporation said it will achieve this by building more independent power plants across the country.
NNPC spokesman, Ndu Ughamadu, said in a statement on Monday that the power plants would be built with Joint Venture Companies, international power companies and local investors.
He added that the plants would be structured after the Nigerian Liquefied Natural Gas business.
“Power generation is a big business. As at today, NNPC has interests 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,” he said.
Mohammed said in order to make up the 4,000 megawatts, plans were underway to build Okpai Phase 2, Obite and Agura power plants.
He said that the corporation had commenced the extension of its major gas pipeline infrastructure on Ajaokuta-Abuja-Kaduna-Kano axis and other robust networks to connect various parts of the country.
“The main base-loads to justify such infrastructure are power plants that would consume the gas and for that, we are planning to build about 2,000 to 3,100 megawatts, combined in these three cities.
NNPC intends to capture 50 percent of the gas market by growing the Nigerian Gas Marketing Company from the 500 million standard cubic feet/day of gas that it is today to about 3-4 billion standard cubic feet/day in the next 10 years,’’ he added.
