The Nigerian National Petroleum Corporation has revealed plan to expand gas generation and distribution nationwide to support Federal Government’s efforts at increasing power generation to 10GW.
Dr. Maikanti Baru, the Group Managing Director of NNPC, said this when the Nigerian Gas Association paid him a visit in Abuja.
Dr. Baru said that the recent debt settlement for the Joint Ventures would have great impact on the Gas Industry as the initiative was capable of freeing some dedicated funds that could be used to develop the sector.
“We have the aspiration of government to rise power generation to at least 10 giga watts capacity, not just that in term of installed capacity, but one that will be steady in the grid by 2020.”
“All these will drive our activities to ensure that the gas business is expanded and government’s aspiration to earn as much revenue from gas as oil will definitely be realised,” Dr Baru stated.
He also stated that the current efforts to connect the eastern part of the country, where there are a lot of gas reserves, with the west, where high consumption demand exists.
Also, Baru spoke on the proposed $2.7billion Ajaokuta-Abuja-Kaduna-Kano pipeline project, dubbed AKK Pipeline Project.
He said: “We have gone far with the development of the project using the same paradigm shift of Public Private Partnership (PPP) financing. We have also gone far with the contracting process, part of which is to ensure that money meant for the project is raised from the private investors”.
He stressed that NNPC would make inputs into the National Gas Policy recently adopted by the Federal Executive Council as well as the Fiscal Bills on gas being worked out by the legislature; with the view to ensuring that gas takes its rightful place in Nigeria’s domestic energy mix.