“The sales of the generated power will be through Power Purchase Agreement with the NBET to distribution companies under long-term agreements and direct sale to major off-takers.
“The Project will also benefit from improvements to the national transmission system under FGN’s long-term plan for transmission upgrade,” the oil company said. “To use all available energy sources to increase power generation beyond the current capacity to strengthen the integrity of our transmission infrastructure and to ensure that all distribution bottlenecks will be removed. We can not become a productive economy unless we become efficient,” he said.
“The landmark collaboration will expand Nigeria’s CNG infrastructure, improve access to CNG and accelerate the adoption of a cheaper and cleaner alternative fuel for buses, cars and Keke Napep. Under this NNPCL and NIPCO partner, 37 stations of CNG will be constructed nationwide, including three Mother stations. Once fully operational, a station will have the ability to service 200,000 vehicles daily,” he added.
“As a commercial enterprise, NNPC sees this project as an opportunity to monetise our abundant natural gas resources by expanding access to energy to support economic growth, industrialisation, and job creation across the country,” Mr Kyari said.
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