Nigerian
National Petroleum Corporation, NNPC, says its ongoing reform was geared
towards transforming it from an oil and gas company into an integrated energy
outfit with interest in power generation and transmission.
It
also stated that the country’s power transmission capacity was inadequate,
adding that this was the major reason for the poor supply of electricity
nationwide.
The
Group Managing Director, NNPC, Dr. Maikanti Baru, stated this at the 53rd
International Conference and Exhibition of the Nigerian Mining and Geosciences
Society in Abuja.
He
said the corporation had identified opportunities in the power sector and was
ready to take advantage of them to transform from being a gas supplier to the
power sector into a major player in the industry.
In a statement by the Group General Manager, Group
Public Affairs Division, Ndu Ughamadu,
the NNPC boss stated that the corporation was already working on a project to
generate four megawatts of electricity, while also exploring the possibility of
investing in the transmission segment of the power sector.
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