The Federal Government has signed a Memorandum of Understanding, MoU, for the construction of a 1,000 megawatts (MW) power plant in Katsina State with Strancton Limited.
electricity-NIGERIA

It also signed another agreement with Greenville Oil and Gas Limited for the supply of Liquified Natural Gas (LNG) to the Kaduna Power Plant.

The Minister of Power, Professor Chinedu Nebo, who signed the two separate MoUs on behalf of Government in Abuja, said, “because of the importance of these two MoUs to Mr. President’s transformation agenda, these flag ships got mentioned in my presentation at the 2014 Ministerial Platform.”

He said the proposed power project is highly innovative as its promoter, Strancton, working with Katsina State will utilise gas from Niger Republic to fire its proposed plant.

He said such innovative project is a call for us to take full advantage of gas reserves, by building infrastructure for its utilisation, as he observed that gas alone can assist the country’s economic development immensely even without oil.

Nebo promised to support the project as it is another way to stabilise the nation’s grid system by making it robust and active, as he noted that the promoters have brought to fore new ideas of how to provide cheaper fueling, as it has been established that “you don’t need to locate a power plant next door to where you have gas hence, it is possible to use liquified natural gas”.

The Minister challenged other states to emulate the Katsina State initiative, by keying into Mr. President’s privatisation agenda in the power sector and investing in the sector in partnership with the private sector.

Earlier, the Minister of State, Mr. Mohammed Wakil in his comment said the signing of the MoUs is a proof that the efforts of the government in wooing investors are yielding positive results.

He said he is excited that the realisation of the project will bring Nigeria nearer to the target of 20,000MW by 2020 as contained in the vision 20:2020 document.

He observed that the proposed project that has been conceived on gas from Niger Republic will assist in bridging the gap of non-availability of gas, adding that “the planned supply of LNG to Kaduna Plant will give us a good footing”.

Wakil stressed that the local content component of the two MoUs is commendable, as it would ensure that Nigerian youths take their rightful positions in the future.

Speaking on behalf of the two companies, Mr. Edozie Njoku, CEO of Strancton Limited said the plant is the first gas pipeline-fed electricity project in Northern Nigeria between Katsina State Government and Consortium of General Electric, Vellbridge Oil, Gas and Natural Resources Limited and other private partners.

- See more at: http://www.vanguardngr.com/2014/12/fg-signs-mou-1000mw-power-plant-katsina/#sthash.OmMOjR6F.dpuf

GMB WILL LOSE HIS DEPOSIT IN BOTH STATES!

Okay

Orunto:
GMB WILL LOSE HIS DEPOSIT IN BOTH STATES!

You mean?

There is God ooooo..
.
.
.
.

wait ooo ... are we still on 4000megawatts since 1999

Why use gas from another country ( Niger )?

A welcome development. All we need is stable power. We the youth can make a difference!

Nigerian youth, we need to stop being docile and step out of the sidelines and change things.

We Youth Ballot Evolution in response to the number of complaints from individuals on our Facebook page who complained about not having their PVC's, have decided to collate the names of every youth who have not received their PVC's. We plan to march to INEC headquarters Abuja on December 12, 2014 to submit these names. We have officially written to INEC in response to this.



If you have not gotten your PVC, please contact Youth Ballot Evolution and submit your name and your location of registration. You can also participate in the march on Friday if you are in Abuja.

We are a non-governmental organization comprised of concerned youths with no affiliations or ties with any political party.
For more information about us, please visit any of our pages below:

[size=15]Youth Ballot Evolution[/size]

[size=15]Youth Ballot Evolution Facebook Page[/size]

Up Nepa!!!

saw geregu power plant. it was a sight to be hold

*GEJ till pat utomi contests

ok

chinex276:
Another WHITE ELEPHANT PROJECT??

Another WHITE ELEPHANT PROJECT??

ok

Orunto:
GMB WILL LOSE HIS DEPOSIT IN BOTH STATES!

just becoz of MoU signature?

ok........... i see

OK...Hope this will translate into regular supply of electricity

We've never had it this bad

space for Sale.... check my Signature for contact details

Long live our President.

Seun nairaland is WACK., whats happening 2 ur moderators,200 unnecessary topics makes front page per day....................


SEUN SAve nairaland 4rm being wack oooo

Another big lie and nonsenses.

A government that could not improve the power generation in more than 5 years.

They're always signing.
Light we no go see.

Madness.

Good one.

They keep signing and approving .

Being hearing news like this since the time Lord lugard was in charge.

Anyways.




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miqos02:
i resign honorably

na lie ooooo... Its an order frm d gods

They've been signing MoU since 1914,
Next Please.

Until I enjoy 24/7/54 power supply #Adonbelieveit

talented143:
Seun nairaland is WACK., whats happening 2 ur moderators,200 unnecessary topics makes front page per day....................


SEUN SAve nairaland 4rm being wack oooo

If only na you get NL, you for know say na person business not yours.