Hamisu Muhammad
21 July 2008
A consortium of Thai energy firms, Rainbow Power, has promised to help Nigeria generate 1,000 megawatts of electricity in Abuja, Kano and Ajaokuta within two years if the government accepts its proposal of acquiring twenty percent stake in Brass LNG and proportional supply of LNG Brass products to Thailand market as part of the equity investment.
The consortium made the offer in Abuja weekend when its delegation led by the Chief Executive Officer of the PTT Public Company, Thailand, Mr. Prasert Bunsumpun paid a courtesy call on the Minister of State for Energy (Gas), Mr. Em-manuel Odusina.
Bunsumpun said the consor-tium's investment plans for Nigeria also include a $2 billion petrochemical plant in Yenegoa, Bayelsa State, and a programme to facilitate building small power plants of 20-30 mega watts scattered around communities in the country.
He said the consortium would build a 500 MW utility thermal power plant in Ajaokuta, two small power plants of 250 MW in Abuja and Kano using heavy fuel oil before the completion of the propo-sed gas pipelines to the north.
He said Thailand is one of the largest producers of petroche-micals in the world and most of its products are consumed in Nigeria. He said the consortium has visited the proposed sites in the benefi-ciary states and held discussions with chief executives and other stakeholders.
"Base on our understanding that Nigeria needs power more than anything else we decided to begin with power generation first, before Thailand starts getting gas from Nigeria."
In his remark, the Minister in-charge of Gas said their proposal has been noted and government would review it within a short period to give room for the consortium to commence action.
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