Agip to commence work on Okpai power plant
The Nigerian Electricity Regulatory
Commission (NERC) has been assured by
the Nigerian Agip Oil Company (NAOC)
about its commitment to start work on
the second phase of its Okpai Power
Plant in Delta State. The power plant
presently generates 480megawatts to the
national grid.
The Managing Director NAOC, Massimo
Insulla made the commitment for the
second phase following a request from
the regulatory body.
Chairman of NERC, Dr. Sam Amadi urged
Agip to do more in enhancing the
effectiveness of the plant, since it would
not have gas supply challenge, being an
oil producing company.
Amadi assured that the commission
would do everything within its power to
ensure that investors in power
generation get good returns on their
investments.
Issuing the licence to NAOC, Amadi said:
“We know Agip can deliver more. You do
not have gas problem. We are looking
forward to your delivering more power
to the national grid.
“We congratulate you on this special
occasion and we are ready to guide you
through the process to ensure that you do
deliver more power to the national
grid.”
Insulla, while assuring on the company’s
willingness to invest more in the power
sector, thanked the commission for the
efforts at issuing the licence to his
company.
“Agip is committed to working in
compliance with NERC rules and
regulations. We shall work without
compromising integrity of the assets and
in line with the rules and regulations”,
he said.
Okpai power plant is a joint venture
investment of the Nigerian National
Petroleum Corporation, NAOC, Philips Oil
Company Limited and was constructed
in line with a power purchase agreement
signed on July 24, 2001, with the then
National Electric Power Authority, prior
to the enactment of the Electric Power
Sector Reform Act 2005, which
establishes NERC.
Okpai power plant started operations on
April 1, 2005 and has since being
delivering 480MW to the national grid
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