Nigeria: Petroleum Company to Construct 4,000 MW of New Plants with New Subsidiary

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(Agence Ecofin) – The Nigerian National Petroleum Corporation (NNPC) is preparing to build 4,000 MW of additional gas-fired power plants by independent producers. These infrastructures will be located in the cities of Abuja, Kaduna and Kano.

The project will be managed by the Gas and Power Investment Company (GPIC), NNPC's energy subsidiary. At the first board of directors of the newly formed entity, Isiaka Abdulrazaq (photo, right), the chairman of the GPIC board, said that his entity would allow a better commercialization of the abundant energy resources of the country.

"GPIC is a company that NNPC has put in place and which focuses primarily on creating value and monetizing the country's abundant natural gas resources. It will also focus on the development of power plants and petrochemical plants across the country, " said Abdulrazaq.

Gwladys Johnson Akinocho

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