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) has said. The money will help fund the 1350MW NNPC-Abuja IPP, and Nigeria National Petroleum Corporation (NNPC) will work with GE and Continuum Associates .
The proposed grant would be used to develop the NNPC’s plans to construct the plant to diversify and monetise gas-stream through power generation.
Benjamin Adah, Manager of the project, said that the “new initiative 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.”
Muhammad Mahmud, Minister of Environment, said that the project would be instrumental in boosting electricity supply in parts of the nation through the use of clean energy.