NNPC opens up on power investment, partners Chevron, Total for two power plants
The managing Director of Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru revealed that the corporation is set to expand its interest in power generation. This is coming days after the NNPC gave signals of divesting much of its communications installations to the growth of broadband penetration in the country.
Giving more insights yesterday at the ongoing Offshore Technology Conference in Houston, Texas, United States, Dr. Baru, represented by the Chief Operating Officer, Gas and Power, Mr. Saidu Mohammed, said in a statement that, “Essentially, the NNPC has been there. Many people don’t know that the NNPC has been part of the power sector. We supply steadily about 1,000 megawatts from Afam and Okpai, two of Nigeria’s most reliable power plants, serving as one of the cheapest sources of power today in the country.”
He said the NNPC’s role in the power sector would be enhanced with the completion of the power plants that it had started and most especially the three mega plants in Abuja, Kaduna and Kano, with combined capacity of 3,000MW.
Business Hilights gathered further that the corporation is attending the OTC 2017 in order to attract potential investors and showcase its efforts at transforming into a full-fledged energy company.
