Advertisement
Petrobarometer

BPE: NNPC has indicated interest to acquire FG’s power plants

BY Bunmi Aduloju

Share

The Bureau of Public Enterprises (BPE) says the Nigerian National Petroleum Company (NNPC) Limited has indicated interest to acquire some Nigeria Integrated Power Plants (NIPPs).

The power plants were part of assets put up for sale by the federal government.

Ibeh, Uzoma Chidi, head of public communications at BPE, said this in a statement on Monday.

According to the statement, Mele Kyari, managing director of NNPC, disclosed this when he led the top management team of the national oil company on a courtesy visit to BPE in Abuja recently.

Advertisement

Alex Okoh, director general, BPE, said the NNPC 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 proposition of the NNPC to bid for the plants.

The statement added that Kyari said the company had the required expertise and experience to be an active participant in Nigeria’s power sector.

Advertisement

“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,” the statement quoted Kyari as saying.

He added that the management of NNPC is determined to run the organisation efficiently and profitably for the benefit of the shareholders.

This website uses cookies.