Lagos — Nigeria has put four power projects worth $24.9 billion up to investors for investments.
A proposal on ‘Nigeria National Petroleum Corporation Energy Infrastructure Opportunities’ presented by the Nigerian National Petroleum Corporation, NNPC to the U.S Commercial Service listed the projects located in Abuja, Kaduna, Kano, and the Ogidingbe Gas Industrial Park Projects as those investments opportunities in gas powered plants and gas-based industries.
They include the 1350MW Abuja Thermal Power plant project worth $1.7bn, Kaduna 900MW thermal power plant project worth $1.3bn, 135MW Kano thermal plant project worth $1.9bn, and the $20bn Ogidingbe Gas Industrial Park Projects which contains 2.4 bcf Central Processing Facility, 2.6MTPA Fertilizer plants, 1.3MTPA Polyethylene and 400KTPA Polypropylene/Xylene plants, and a 450MW Thermal Power plant project, FTZ base Infrastructure 400KTPA Polypropylene/Xylene plants (Jetties and intra-park roads).
According to the document, the projects are in line with President Buhari’s decade of gas agenda.
Nigeria sits on over 202 trillion cubic feet of natural gas reserve.
Speaking, Timipre Sylva, Minister of State Petroleum Resources said “Nigeria welcomes foreign investors to invest in the oil and gas industry. In deepening domestic gas utilization and monetization of our huge gas resources, the year 2020 is declared as the Year of Gas.”
On his part, Mele K. Kyari, Group Managing Director NNPC said the strategic objective is “re-focusing NNPC into an integrated energy company driven by Global Excellence.”
The NNPC is the largest asset holder across the Nigerian oil and gas industry value chain with over four decades operating expertise.