“We have gas in abundance; we must create an infrastructure that will help create gas for power generation.”
A $1.1 million pact, expected to generate 1,350 megawatts Independent Power Plant was yesterday, in Abuja, signed between the Nigerian National Petroleum Corporation , and the United States Trade and Development Agency .
Nigeria has been faced with lingering challenges of electricity supply, which has stagnated at an average 4,000WM over the past 40 years despite a rapidly growing population. He stressed the need to improve electricity supply to power economic growth and development, adding that NNPC’s plan to build the 1,350mw power plant in Abuja, is part of the national strategy to monetise the abundant natural gas resources in the country.
Also speaking, the United States’ Ambassador to Nigeria, Mary Leonard, who signed on behalf of the U.S., disclosed that the grant would help to open up Nigeria’s energy sector.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NNPC, US agency sign $1.16m grant for new Abuja Power Plant – Daily TrustThe Nigerian National Petroleum Corporation (NNPC) and the United States Trade and Development Agency (USTDA) have signed a $1.16 million grant as part funding for the NNPC-Abuja Independent Power Project (IPP) modelled to generate 1,350 megawatts of electricity to alleviate the power challenge in the country.
Read more »
Abuja power project: US to provide $1.1m for feasibility study
Read more »
FG, U.S. sign $1.1m grant for electricity developmentThe Federal Government and United State Trade and Development Agency have signed a 1.1million dollar grant to support electricity...
Read more »
Google announces launch of $1 million pan-African grant, launches Internet AwesomeThe $1 million pan-African Google.org fund will support innovative ideas around privacy, trust and the safety of families online.
Read more »
NNPC boss decries challenges in power sector, says electricity is for Nigerian elites - Daily Post NigeriaThe Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Kyari has expressed concern over the state of power generation in
Read more »
Electricity is luxury in Nigeria, says NNPC chief - The Nation Latest Nigeria News, Nigerian NewspapersTHE Group Managing director, Nigerian National Petroleum Corporation (NNPCgroup), Mele Kyari, lamented that electricity remains a luxury and exclusive reserve of the rich...
Read more »