NNPC, U.S. seal $1.1 million pact for 1,350MW Abuja power plant

Wed Feb 12th, 2020 - Abuja (FCT)

A $1.1 million pact, expected to generate 1,350 megawatts (MW) Independent Power Plant was yesterday, in Abuja, signed between the Nigerian National Petroleum Corporation (NNPC), and the United States Trade and Development Agency (USTDA).

Expected to be constructed by General Electric and CMEC on a debt-Equity ratio of 70:30 pet cent, the power plant would be powered by gas from the proposed Ajaokuta-Kaduna-Kano (AKK), gas pipeline.

Speaking at the event, Group Managing Director, NNPC, Mele Kyari, who signed on behalf of the Corporation, said the move would ensure that the electricity supply in Nigeria becomes stable.




source: Guardian