NNPC, USTDA sign $1.16m part funding for 1,350 megawatts IPP

The Nigerian National Petroleum Corporation, NNPC and USTDA earlier today, Tuesday February 11, signed a $1.16m grant as


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NNPC, USTDA sign $1.16m part funding for 1,350 megawatts IPP
Hussain El-Yakub & Thomas Hardy, after the deal was signed


The Nigerian National Petroleum Corporation, NNPC and USTDA earlier today, Tuesday February 11, signed a $1.16m grant as part funding for the NNPC-Abuja Independent Power Project, IPP, Fresh Angle International can report.

                                        

The IPP is modelled to generate 1,350 megawatts of electricity to alleviate the power challenge in the country.

 

The Grant Agreement, GA, was signed by the MD of NNPC Gas and Power Investment Company, NGPIC, Hussain El-Yakub and USTDA's Director, Thomas Hardy.

 

The NNPC will work with US firms, GE and Continuum Associates to deliver the Project.

 

According to GMD of NNPC, Mallam Kele Kyari, the project is an important one for NNPC, because it would not only boost Nigeria’s gas-to-power aspirations, it is also another positive step towards utilizing Nigeria’s abundant gas resources.

 

A Cross Section of NNPC & USTDA Officials

 


Copyright: Fresh Angle International (www.freshangleng.com)


Ossai Rita Ashinedu
Our Correspondent , Ossai Rita Ashinedu, has Ordinary National Diploma in Mass Communication from Delta State Polytechnic, Ozoro. She can be reached on 07061927586
Read other stories by Ossai Rita Ashinedu

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