Nigerian oil and gas sector to inject over 3,000 MW by 2007

Apr 21, 2005 02:00 AM

As agencies of the Federal Government press on with collaboration on meeting the rising demand for electricity in the country, Nigerian National Petroleum Corporation (NNPC) has announced that the oil and gas sector will inject over 3,000 MW into the national grid by 2007.
Group Managing Director, Mr Funso Kupolokun who presented a paper at 2005 Nigerian Oil and Gas (NOG) conference and exhibition in Abuja said power would be generated by the various independence power project floated in the new gas policy. He also said all LNG projects in the country must be modelled to include a sizeable IPP to serve the dual purpose of generating value from gas and battling electricity supply crisis in the country.

Apart from the $ 462 mm Okpai IPP and the $ 830 mm Afam IPP upgrading projects, other NPPC/joint ventures in the upstream oil and gas sector have been committed to building various capacities of IPPs.
Mr Kupolokun added that government has mapped out an annual expenditure budget of $ 2.5 bnto capture opportunities in the gas sector in order to meet an annual revenue target of $ 12 bn from gas alone by 2012.

With 3,000 MW coming from the oil sector, 250 MW from new thermal power stations initiated by the National Electric Power Authority (NEPA), governments aspiration to boost power generation from present 3,150 MW to 10,000 MW by 2010 has become quite feasible.
The collaboration with oil companies to generate power is part of the government's new gas policy in the petroleum sector aimed at eliminating routine flaring of upstream gas, creation of linkages between the oil sector and the rest of the economy, compliance with the Kyoto protocol on green house gas emission and monetisation of the nation's gas resources.

Source: Daily Champion
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