The Nigerian National Petroleum Company (NNPC) Limited, has indicated interest in acquiring some Nigeria Integrated Power Plants (NIPPs), the Bureau of Public Enterprises (BPE), has said.
The power plants were part of assets put up for sale by the federal government.
Ibeh Uzoma Chidi, head of public communications at BPE, said this in a statement on Monday.
Mele Kyari, NNPC Nanaging Director, according to the the statement, disclosed this when he led the top management team of the national oil company on a courtesy visit to BPE in Abuja recently.
Alex Okoh, Director General, BPE, said the NNPC had indicated interest in the acquisition of some NIPP plants and would be given a level playing ground to compete with other bidders.
Okoh added that the national council on privatisation (NCP) would be notified of the proposition of the NNPC to bid for the plants.
The statement added that Kyari said the company had the required expertise and experience to be an active participant in Nigeria’s power sector.
“As an oil company and enabler organisation, NNPCL was determined to boost power generation and supply to Nigerian homes through increased investment hence it had signed a contract with China Machinery Engineering Company (CME) and General Electric (GE) to provide 50 megawatts of electricity to Maiduguri, Borno state,” the statement quoted Kyari as saying.
He added that the management of NNPC is determined to run the organisation efficiently and profitably for the benefit of the shareholders.