News is timeless

NNPC opts to buy FG’s power plants

0

The Nigerian National Petroleum Company Limited (NNPCL), formerly Nigerian National Corporation (NNPC), has expressed interest to participate in the acquisition of the power plants put up for sale by the Federal Government through the Nigeria Integrated Power Plants (NIPPs).

 

Managing Director of NNPCL, Mallam Mele Kolo Kyari, who disclosed this when he led the top management team of the Oil & Gas Company on a courtesy visit to the Bureau of Public Enterprises (BPE) in Abuja last Friday, said the company had the requite expertise and experience to be an active participant in the power sector in Nigeria.

 

Head, Public Communications, Mr. Ibeh Uzoma Chidi disclosed this in a press release yesterday.

According to the statement, Kyari said as an oil company and enabler organisation, NNPCL was determined to boost power generation and supply to Nigerian homes through increased investment hence it had signed a contract with China Machinery Engineering Company (CME) and General Electric, (GE) to provide 50 Mega Watts of electricity to Maiduguri, Borno State.

Culled from The Nation

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More