NNPC To Buy Power Plants, Says BPE

The Nigerian National Petroleum Company Limited (NNPCL) has expressed interest to participate in the acquisition of the power plants put up for sale by the federal government through the Nigeria Integrated Power Plants (NIPPs).

The Bureau of Public Enterprises (BPE) said in a statement on Monday that the Group Managing Director of NNPCL, Mallam Mele Kolo Kyari stated this when he led the top management team of the firm to BPE in Abuja.

Kyari said as an oil company and enabler organisation, NNPCL was determined to boost power generation and supply to Nigerian homes through increased investment hence it had signed a contract with China Machinery Engineering Company (CME) and General Electric, (GE) to provide 50 Megawatts of electricity to Maiduguri, Borno State.

According to him the management of NNPCL was determined to run the organisation efficiently and profitably for the benefit of the shareholders hence it plans to engage in activities that would generate funds; and for the power sector, “NNPCL is a partner of choice”.

Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh said that the NNPCL had indicated interest in the acquisition of some NIPP plants and would be given a level playing ground to compete with other bidders.

Okoh added that the National Council on Privatisation (NCP) would be notified of the desire by the NNPCL to bid for the NIPP plants.

The Special Adviser to the President on Infrastructure, Ahmad Rufai Zakari was part of the courtesy visit, according to the BPE statement.