The Nigerian National Petroleum Corporation (NNPC) said it plans to generate about 4, 000 megawatts (Mw) of electricity over the next 10 years.
NNPC Chief Operating Officer (COO), Gas and Power, Engr. Saidu Mohammed made this known at the 2017 retreat of the Autonomous Business Unit (ABU), Gas and Power, in Kaduna on Monday.
Mohammed said this would be achieved through building independent power plants and the power plants would be built between the next three and 10 years by incorporated joint venture companies.
He said it would involve NNPC, international power companies and other local Iniestors to be structured after the Nigerian Liquefied Natural Gas (NLNG) business model.
He said, “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, which were respectively built by our Joint Ventures with Nigerian Agip Oil Company (NAOC), and Shell Petroleum Development Company (SPDC). These two power plants collectively generate up to 1,000Mw and they are the most reliable and cheapest source of power to the national grid in Nigeria today.”
“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.
“The partnership will involve players who will bring in their various capacities as operators, builders of power plants and as investors. NNPC will also bring its strength of being a dominant player in the Nigerian gas value chain.”