12 January 2013

Nigeria: 2013 - Power Firm Targets Completion of 4,264 Megawatts Gas Turbine Projects

Niger Delta Power Holding Company Limited (HDPHC), handler of National Integrated Power Projects(NIPP), has indicated strong commitment to complete all gas turbine projects that will add 4,264megawatts to the national grid this year.

The 4,264MW is expected to boost power supply in the country in line with President Goodluck Jonathan reform agenda in the power sector.

NDPHC also plans to follow the outstanding combined cycle for Alaoji power plant which is expected to add 510MW.

Other projects lined up for follow up and completion by the company include transmission projects -2,194Km 330KV lines & 5,640MVA 330/132KV SS and 809Km 132KV lines and 3.433MVA 132/33KV SS.

Speaking in Lagos to stake holders in the power sector, Managing Director of the company, Mr. James Olotu, said the company also plans to follow up the completion of distribution projects - 3,540MVA plus 2,600Km and 1,700Km at 11KV and 33KV lines respectively.

The NDPHC boss expressed confidence that the company would complete gas projects and conclude all Gas Sales Aggregator Agreements (GSAA) and Gas Transmission Agreements (GTA).

Meanwhile, NDPHC hopes to receive and commence the implementation of the Transaction Adviser's recommendation when approved by the Board.

The objective of the Transaction Adviser's is to design a robust framework that will tally with NDPHC board approval and Nigeria Electricity Commission's (NEC) decision to involve the private sector in the operation and eventual ownership of the power stations in order to ensure that they are managed in accordance with best international business practices and transfer of transmission and distribution assets, upon completion to TCN and the host Discos respectively.

The Transaction Adviser's is also meant to transfer gas infrastructure built by NDPHC as applicable and to determine equitable transfer cost for each of the projects.

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