According to the Punch, the NNPC stated that the country’s power transmission capacity was inadequate, adding that this was the major reason for the poor supply of electricity nationwide.
The Group Managing Director, NNPC, D Maikanti Baru, who was speaking at the 53rd International Conference and Exhibition of the Nigerian Mining and Geosciences Society in Abuja, said the corporation had identified opportunities in the power sector and was ready to take advantage of them to transform from being a gas supplier to the power sector into a major player in the industry.
A statement by the Group General Manager, Group Public Affairs Division, Ndu Ughamadu, also added that the corporation was already working on a project to generate four megawatts of electricity, while also exploring the possibility of investing in the transmission segment of the power sector.
Baru said that contrary to the impression that the poor power situation was caused by inadequate gas supply, the real problem was insufficient transmission capacity.
The GMD said there was enough gas to generate 8,000MW of electricity but the transmission grid could not support such amount of power.
Baru also hailed the Federal Government’s plan to transform illegal refineries in the Niger Delta into legal entities for proper integration of the youth in the region.
He said that getting the youth to form consortia to set up 1,000 barrels per day modular refineries would get them off criminality and create jobs.
Nigeria has been unable to fight its perennial power shortage, even with the appointment of workaholic former Lagos governor, Babatunde Fashola as power minister.
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