ABUJA, NIGERIA. NNPC Group Managing director, Maikanti Baru, has unveiled plans by the corporation to expand gas generation and distribution nationwide to 10 Gigawatts (GW) by 2020. Dr. Baru stated that a lot has been achieved in the contracting process of the $2.7 billion Ajaokuta-Abuja-Kaduna-Kano pipeline project, dubbed AKK Pipeline Project.He explained that the feat recorded in the project would bring to the fore, a new dimension in gas projects execution in the country.
He said another project that would increase gas consumption in the country was the Ogidigben Gas Industrial City project, on which he said, NNPC was committed to seeing it come to fruition.
“If the Chinese tell you that they are going to do it, definitely they will do it and we will give them a run for their money,” Maikanti Baru Nigerian National Petroleum Corporation (NNPC) Group Managing Director said in a statement on friday disclosing that Chinese banks have made commitments to bring in as much money as needed to finance oil and gas investments in Nigeria. Maikanti Baru disclosed this when a delegation of the Nigerian Gas Association (NGA) led by its President, Engr. Dada Thomas, paid him a courtesy visit in Abuja.
NNPC Head Office Abuja
NNPC spokesman Ndu Ughamadu said the GMD received the commitment from the Chinese banks at a recent meeting in London where for the first time, the Chinese contributed $250m towards a Nigerian gas project.
Speaking during the visit, NGA President, Engr. Dada Thomas, applauded the GMD for the new alternative funding recently signed with Shell and Chevron to the tune of $1.78 billion, the Clearing of $400million debt in April, the progress being made on the Elf 2loop lines and the OB3 gas project, one of the most critical gas pipelines in the country.