NNPC Supplies the Cheapest, Most Reliable Power to Nigerians – GMD

Nigeria National Petroleum Corporation (NNPC), supplies the “most reliable and cheapest power’’ to Nigerians, Dr Maikanti Baru, the corporation’s Group Managing Director says.
Baru made the statement in Houston on Monday while addressing newsmen on the sidelines of the 2017 Offshore Technology Conference (OTC)
OTC is an annual conference of experts in the oil and gas sector.
The conference has been put together to provide opportunity for experts to brainstorm and network on issues and challenges facing the sector.
Maikanti, represented by NNPC Chief Operating Officer, Gas and Power, Mr Saidu Mohammed,
Says that several Nigerians are unaware that the corporation had long been part of Nigeria’s power sector
“We (NNPC) supply about 1,000 megawatts of power from the two power plants at Afam and Okpai
“These are the most reliable power plants in Nigeria and they provide the cheapest source of power for Nigerians.
“Before that we had been talking to our joint venture partners notably Chevron and Total to build similar power plants at Obite and Agura.
“But these companies are yet to build the plants; that is why we are in Houston to invite investors to build power plants in Nigeria,” Baru says.

Dr Maikanti Baru
NNPC GMD

PURPOSE OF VISIT
The GMD notes that officials of NNPC are also in Houston to invite companies who have the capacity and competencies to come to Nigeria to invest in the power sector
According to Baru,Nigeria’s participation in the conference is also aimed at increasing the nation’s gas reserve and to enhance the capacity of Nigeria Petroleum Development Company (NPDC)
Baru revealed that the NNPC has a target to raise the production level of NPDC within the next two years
He says, “Essentially we want to raise the production capacity of NPDC to about 700,000 barrels with the support of other partners.’’
He says that NNPC participated in the conference to solicit for capital, advanced technology and partners to invest in Nigeria’s power sector and transform the corporation to achieve set goals.

DOWN MEMORY LANE
Meanwhile, Baru had previously in March 29, disclosed that NNPC is already working on a project to generate 4, 000 megawatts of electricity
He further states that the corporation is exploring the possibility of investing in the transmission segment of Nigeria’s power sector
He adds that contrary to the impression that the poor power situation in Nigeria was caused by inadequate gas supply;
The real problem in fact, is the inadequate transmission capacity
According to the GMD, the corporation has enough gas to generate 8, 000 megawatts of electricity:
“But the transmission grid will not be able to support such volume of power without complications.’’