|NNPC assures on gas supply to power plants, Monday, 10 Apr 2012|
(The Nation) The Nigerian National Petroleum Corporation (NNPC) has assured it will improve on gas supply to the power plants across the country in the next 48 weeks. Nigerian National Petroleum Corporation (NNPC) Group Executive Director, Gas and Power, Dr. David lge, gave the assurance while speaking with reporters after inspecting the Escravos to Lagos gas pipeline project at Chanomi creek in Warri South West Local Government Area of Delta State being undertaken by Fenog Nigeria Limited, an indigenous company. †Ige said they have done a lot in laying the new gas pipeline, just like the one they have just inspected, expressing confidence that the contractor will complete the work on time. He said the combination of what they are doing on the supply side is what they are doing on the demand side. †He explained that they will significantly improve the supply of gas to the power plants over the next 48 weeks and are doing a lot of work already. He said work at the Utorogun and Ughelli gas plant to increase capacity from 320 million cubic to 510 capacities is in progress.
Ige disclosed that the new power plants at Olorunsogo in Ogun State could not be put into effective use for now because the existing pipeline was very small, but assured that Nigerians would in the next six weeks notice significant stabilisation of gas supply to the power plants.† "As you can see, the work is being delivered 100 percent by an indigenous company, Fenog Nigeria Limited. The company is doing very well and we will continue to encourage the Management and staff of the company as well as other indigenous companies", he said.† The Executive Director, Fenog Nigeria Limited, Mr Mathew Tonlagha, said the company invested massively in acquiring the latest equipment in the world because of its belief in the local content agenda of the Federal Government.† Tonlagha assured that the project would be delivered on time to meet the expectations of Nigerians and also to prove to the world that "we can handle some of these projects ourselves."
|Recent 10 Market News Headlines|
|FG issues directive to BoI, FIIRO on disbursement of N220b SMEsí fund(Guardian)|
|$1bn loan: Nigeria to pay back in seven years(Vanguard)|
|World Bank tasks FG to raise excess crude account to $6.3bn(Vanguard)|
|NCC offers 14 slots in 2.6GHz spectrum auction(Guardian)|
|10,000 Farmers to Benefits from N750M Agric Loan in Kogi(THISDAY)|
|Afren sacks CEO, others over Nigerian oil scandal(Punch)|
|Nigeria Spends N500bn on Steel Importation Annually, Says Aganga(THISDAY)|
|Neglect crashes rubber production to 60,000 tpa(BusinessDay)|
|Ekiti Crisis: NJC adjourns sitting till today(Vanguard)|
|Govt supports ICT startups with N1.5b fund, targets more FDIs(TheGuardian)|