U.S. approves $1 mln grant for Nigeria to build 1,350 megawatt gas-fired power plant

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THE US government has granted Nigeria over $1 million for technical and financial work on a power plant project in the capital Abuja, the US Trade and Development Agency (USTDA) said on Tuesday.

The money will go towards the 1,350 megawatt NNPC-Abuja Independent Power Project plant and NNPC will work with U.S. firms GE and Continuum Associates, the USTDA and NNPC head Mele Kyari said at the Nigeria International Petroleum Summit, reports Reuters.

The proposed grant would be used to actualise the Nigeria National Petroleum Corporation plans for the construction of the 1,350 megawatts NNPC-Abuja Independent Power Project plant to diversify and monetize gas stream through power generation.

Mele Kyari, Managing Director NNPC, during the Nigeria International Petroleum Summit which opened in Abuja yesterday said that the corporation would be working with the US firms GE and Continuum Associates for the duration of the project.

Engr. Benjamin Adah, manager of the project, during the Panel Review Meeting in January assessing the Environmental Impact Assessment (EIA) of the project commended the new “initiative as one that would assist in reducing the current gas flare in the country while leveraging on the existing huge natural gas resources from the NNPC Upstream and the proposed Ajaokuta-Kaduna-Kano (AKK) Gas pipeline to boost the nation’s revenue base and generate employment opportunities for the youth.”

Muhammad Mahmud, Minister of Environment, also hailed the NNPC on the Power Plant project which he said would be instrumental in boosting electricity supply in parts of the nation through the use of clean energy.

However, Catriona Laing, British High Commissioner to Nigeria, on Tuesday said that the country’s efforts pertaining to climate change are worrisome as Nigeria has failed to access series of multilateral agency funding earmarked for climate improvement.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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