Nigeria Content Online

In
order to ensure the success of the federal government’s plan to provide
steady electricity, the Nigerian National Petroleum Corporation, (NNPC)
said it will provide adequate gas supply to power plants.

The Group Managing
Director of the Corporation, Austin Oniwon told the governor of Bayelsa
State, Timipre Sylva who visited him at the NNPC Towers, Abuja that
power is the benchmark of most developed industrial economies in the
world and the NNPC is doing everything to ensure uninterrupted supply
of gas to power plants.

“The NNPC is
determined and committed to the federal government’s Gas to Power
initiative and as the corporation saddled with the responsibility of
managing the country’s hydrocarbon resources, we have resolved to
ensure that the abundant gas resources in the country is channelled
into the power plants ,” Mr Oniwon said.

He added that the
corporation was undergoing rapid transformation in consonance with the
dynamic nature of the oil and gas industry and with the imminent
passage of the Petroleum Industry Bill by the National Assembly, the
corporation was fully prepared to adjust to the new dispensation which
would transform it to a commercially driven national oil company.

He reiterated
NNPC’s commitment to the completion of the Bayelsa Greenfield Refinery
and said that it was already negotiating with a world class company to
establish petrochemical plants in the country.

Mr. Oniwon said the corporation will continue to collaborate with
Bayelsa State government and other state governments to guarantee the
efficient management of the petroleum resources in the country.