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Monday, July 15, 2024

NNPC-NIPCO consortium, Lekki Free Zone sign gas supply deal

A consortium of NNPC Gas Marketing Limited (NGML) and NIPCO Gas Limited has signed a multi-billion naira gas supply and sales deal with Lekki Free Zone Development Company (LFZDC) in line with the Federal Government’s energy transition plan to make gas the fuel of the nation.

The deal which was sealed in Lagos last week will see over 100 companies already established in the zone link up to the project which is expected to be completed in six months.

Managing Director, NIPCO Gas, Mr. Nagendra Verma, said that the company’s plan was to expand its gas distribution network across the country, adding that the company had very talented and experienced personnel and that for 14 years it has been supplying gas to Nigeria and “we will continue to supply consumers’ demand whenever the needs arise. We are considered the most preferred customer gas supplier in Nigeria. We are determined to support government efforts in making gas available in the country for power supply and industrial use to support the economy. We are developing gas infrastructure to help gas utilisation in Nigeria,” he said.

According to him, equipment for the project is being moved to the site and that the project would be completed in six months.   

The Managing Director, NNPC Gas Marketing Limited, Mr. Justin Ezeala, said that the gas company entered into negotiation with NIPCO, an industry leader in gas pipeline laying, customers’ connection. We have worked with NIPCO for many years and among all our partners NIPCO is one of the most consistent companies in the market today.

“When we came to LFZDC with NIPCO, of course, with NNPC Limited Group Chief Executive Officer, Mallam Kyari’s mandate,  we told  LFZDC Managing Director, Mr. Dai Shunfa, that NIPCO is the company they can deal with and I am happy today that LFZDC management listened to our advice. Before we arrived at the signing today, a series of meetings were held. We are really happy that all our efforts are not in vain. On CNC, we told the Managing Director that NIPCO is the most competent company in Nigeria today they can deal with. They understand the business,” he noted.

The consortium also signed a gas deal agreement with CCETC Lekki Power FZE to generate 14MW power for the zone.

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