The Nigerian National Petroleum Company Limited (NNPCL) has expressed interest to participate in the acquisition of the power plants put up for sale by the Nigerian Government through the Nigeria Integrated Power Plants (NIPPs).
The Managing Director of the NNPCL, Mr. Mele Kolo Kyari, who disclosed this when he led top management team of the Oil & Gas company on a courtesy visit to the Bureau of Public Enterprises, BPE, in Abuja said the company had the requite expertise and experience to be an active participant in the power sector in Nigeria.
Kyari said 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 Mega Watts of electricity to Maiduguri, Borno State in northern Nigeria.
According to him, the management of the NNPCL is determined to run the organisation efficiently and profitably for the benefit of the shareholders, hence it plans to engage in activities that would generate funds; and for the power sector and that the “NNPCL is a partner of choice”.
He disclosed that the organisation was ready to collaborate with the BPE after the audit of some of its assets for the sale and divestment of those assets through the BPE and that the planned audit would be carried out by renowned and reputable audit firms.
A statement by the BPE on Monday in Abuja said that the Director General of the BPE, Mr. Alex A. Okoh, stated that the NNPCL 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 desire by the NNPCL to bid for the NIPP plants.
GIK/APA