This Day
17 Feb 2011
The Nigerian National Petroleum Corporation (NNPC) will require N600 billion to build new gas infrastructure to meet the country's power generation needs.
NNPC's Managing Director, Mr. Austin Oniwon, disclosed this Wednesday while defending the corporation's 2011 budget proposals before the Senate Committee on Gas headed by Senator Osita Izunaso.
Oniwon said the NNPC had submitted a proposal of $1.2 billion to the Budget Office of the Federation to fund government's gas-to-power plan, but it was not included in the 2011 budget.
He feared that the omission might stall government's plans to boost power generation in the country this year, thereby pleading with the Senate to include the proposal in the 2011 budget.
He said: "We have identified the projects we require to deliver the gas to the stations. The total project goes above $4 billion because nothing was done in 2010.
"But for the critical infrastructure, we submitted the estimate of $1.2 billion to the Budget Office of the Federation to be included in this year's budget, but it is not part of the budget.
"Without this project, if the power projects are realised, without the pipelines, we cannot benefit maximally from the projects."
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