- Mallam Mele Kolo Kyari, the Managing Director of NNPC, says NNPC should take part in power
- NNPC signs contracts with CME and GE to provide 50MW electricity in Maiduguri
Nigerian National Petroleum Company Limited (NNPCL) has stated that it is committed to increasing investment in the electricity sector to help enhance power generation and supply in the country.
Mallam Mele Kolo Kyari, the Managing Director of NNPC, disclosed this during a courtesy visit to the Bureau of Public Enterprises (BPE) in Abuja, saying the company had the requisite expertise and experience to be an active participant in the Nigerian power sector. And that it had expressed interest in participating in the acquisition of power plants put up for sale by the Federal Government through the Nigerian Power Corporation (NIPPs).
As an oil company and enabler, NNPCL is committed to increasing investment in power generation and supply to Nigerian homes, according to Kyari. As a result, it has signed a contract with China Machinery Engineering Company (CME) and General Electric (GE) to provide 50MW of electricity to Maiduguri, Borno State.
According to him, NNPCL’s management is committed to running the company efficiently and successfully for its shareholders; therefore, it plans to engage in revenue-generating activities; he adds, “NNPCL is a partner of choice.”
Alex A. Okoh, Director-General of the Bureau of Public Enterprises (BPE), had stated that the NNPCL has expressed interest in purchasing some NIPP and would be given a level playing field to compete against other bidders.
The National Council on Privatisation (NCP) would be notified of the NNPCL’s desire to bid for the NIPP plants, according to Okoh. The team that undertook the tour included Ahmad Rufai Zakari, Special Adviser to the President on Infrastructure.