NNPC Routing To Boost The Nations Power Sector
With its ongoing agenda to boost the nations power sector, The Nigerian National Petroleum Coperation(NNPC) is planning to reform its programs to enable itself set to boost the Nigerian power production and distribution.
This was made known by the Group Managing Director of NNPC, Dr Maikanti Baru, at the 53rd International Conference and Exhibition of the Nigerian Mining and Geosciences Society (NMGS) in Abuja.
He said the Corporation is working on a project to generate four Megawatts (4MW) of electricity while exploring the possibility of investing in the transmission segment of the power sector in the future.
The GMD explained that NNPC’s decision to diversify into the power sector was hinged on the need to bridge the huge energy gap in the Nigerian energy production and distribution market.
He said contrary to the impression that the poor power generation situation was caused by inadequate gas supply, the real problem was inadequate transmission capacity, adding that there was enough gas to generate eight gigawatts (8GW) of electricity but the transmission grid could not support such volume of power without complications.
Dr Baru also defended 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 reasoned that involving the youth to form consortia to set up 1000 barrels per day modular refineries would get them off problems and create employments.
In the upstream, he said his goal was to improve frontier exploration and grow crude oil reserve to 40 billion barrels from where it currently stands 37 billion.
He also challenged the geoscientists on the need to deploy more sophisticated technology and drill deeper than the current 13,000 to 15,000 feet in the Niger Delta to produce more oil.
“We have to look deeper with intensive 3D and 4D seismic surveys over the so-called matured Niger Delta. The older, the better”, he declared.