Nigerian National Petroleum Company (NNPC) Limited has registered presence at the Bureau for Public Enterprises (BPE), with an interest to acquire the power plants put up for sale by the federal government through the Nigeria Integrated Power Plants (NIPPs).
The company’s group managing director, Mallam Mele Kyari, who led a team of NNPC to management to the BPE office last weekend on a courtesy visit, said the Nigeria’s apex oil company is veering into the power sector with the view to playing a leading role.
He said NNPC is determined to boost power generation and supply in the country through increased investment. Kyari hinted that in furtherance to this resolve, the NNPC had signed a contract with China Machinery Engineering Company (CME) and General Electric, (GE) to provide 50megawatts of electricity to Maiduguri, Borno State.
He said the NNPC is also determined to run power business efficiently and profitably for the benefit of members of the public as well as shareholders of the company.
Kyari stated that as a full ledged, limited liability company, the management is ready to steer its fortunes through the challenging but lucrative waters of competition, and the power sector is not an exception.
According to the group managing director, in the power sector, “NNPC Ltd is a partner of choice.” Kyari also stated that the organization was ready to collaborate with the Bureau of Public Enterprises (BPE), after the audit of some of its assets, for the sale and divestment of those assets through the BPE.
Kyari said that the planned audit would be carried out by renowned and reputable audit firms.
The director general of the BPE, Mr. Alex Okoh, confirmed that the NNPC had indicated interest in the acquisition of some NIPP plants, but stated clearly that all the bidders will be be given level playing field.
Be the first to know when we publish an update
