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Nigerian National Petroleum Corporation (NNPC) to build power, fertilizer plants .

The Nigerian National Petroleum Corporation (NNPC) says it will build three  Independent Power Plants (IPP) with a combined capacity of 4,000 megawatts of electricity in Abuja, Kaduna and Kano states. That was according to it’s spokesman, Mr. Ndu Ughamadu, who issued the statement in Abuja.

It also said the NNPC plans to set up a fertilizer plant in Brass, Bayelsa State, to boost agriculture in the South-South and other regions of the country.

The Chief Operating Officer, Gas and Power of the corporation, Mr. Saidu Mohammed, said that the planned power projects would be driven by the coming on stream of the NNPC Power subsidiary, Gas and Power Investment Company (GPIC).

Mohammed who spoke at the inaugural board meeting of the GPIC, said the company would help the NNPC transform into an integrated energy company with the production of 4,000 megawatts of power at strategic locations.

He added that all relevant stakeholders in the power sector were in alignment with the NNPC with the establishment of the GPIC.

Also, Chief Financial Officer of the NNPC and Chairman of the Board of the GPIC, Mr.Isiaka Abdulrazaq, said that the initiative would add value in terms of payment of taxes and generating more revenue for the country, as well as create more job opportunities for Nigerians.

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