NNPC Boss Calls For Diversification Of Power Generation
As part of measures to improve electricity supply
across the country, Mr. Ibe Kachikwu, the Group
Managing Director, Nigeria National Petroleum
Corporation, NNPC, has called for the diversification
of power generation in the country. He made this call
at the Nigeria Association of Energy Correspondent,
(NAEC) Conference 2015, held at Eko Hotel, Lagos
recently.
Kachikwu revealed that Nigeria should be ready to
extend its energy generation beyond natural gas,
hydro and oil sources to meet its power needs. He
noted that apart from the percentage contribution of
power estimated at natural gas- 39.8 percent, hydro-
35.6 percent and oil-24.2 percent, the country is
endowed with the mix of other conventional energy
reserves including coal , solar, wind , biomass and
potential for nuclear.
“Diversification into available resources will reduce
the country’s dependence on oil and gas, thereby
setting the stage for sustainable development.
Reserves availability of the various energy sources
include crude oil -36 billion bbls, natural gas-1.80
trillion standard cubic feet, coal and lignite – 2.7
billion tones, tar sands- 31 billion boe, hydro-power-
14,750 MegaWatt, solar -Abt 7.0kWh/sq meters per
day, wind 2-4m/s at 10m height, biomass 320 million
hectares and nuclear is yet to be quantified.
The NNPC boss further disclosed that all economies
of the world require energy to power both industrial
and residential activities. According to him natural
gas is increasingly becoming the fuel of choice for
power generation, given the current power
generation challenge confronting Nigeria and its
huge untapped gas reserves. He further cautioned
that the country cannot be an exception to this
ongoing gas to power revolution.
‘‘Today in the country, the strategic intent is to deploy
natural gas as a dominant fuel for power generation
with an immediate objective of attaining at least a
five-fold increase in gas fired power generation
capacity from about 3,000 MW in 2003 to 15,000MW
by 2018. This is because gas-fired power generation
has been the primary driver of worldwide increment
gas demand. This growth was driven by two key
factors – firstly, increasing electricity demand fueled
by economic growth and secondly, replacement of an
aging coal-fleet in Europe and North America.
‘‘NNPC is posed to significantly improve the gas
utilization to forestall energy crisis, adding that the
domestic gas production in the country has grown
from 700mscfd in 2012 to current over 1bcfd per day.
Daily gas volumes of 3.5bcfd can support close to 16
GiggaWatt of electricity. Emphasis has therefore been
placed on the development of gas such that
additional volumes are being pushed to the domestic
market.’’ he noted.
Meanwhile, the GMD disclosed that provision of gas
infrastructure will enable increased supply of gas to
the domestic economy through gas utilization in
power and other industrial sectors. He added that
this will have a huge impact on the domestic
economy through improved GDP, import substitution
and employment generation. He further noted that
the corporation is committed to monetize and
capture gas and power opportunities. Source
http://vanguardngr.com/2015/08/nnpc-boss-calls-for-
diversification-of-power-generation/
across the country, Mr. Ibe Kachikwu, the Group
Managing Director, Nigeria National Petroleum
Corporation, NNPC, has called for the diversification
of power generation in the country. He made this call
at the Nigeria Association of Energy Correspondent,
(NAEC) Conference 2015, held at Eko Hotel, Lagos
recently.
Kachikwu revealed that Nigeria should be ready to
extend its energy generation beyond natural gas,
hydro and oil sources to meet its power needs. He
noted that apart from the percentage contribution of
power estimated at natural gas- 39.8 percent, hydro-
35.6 percent and oil-24.2 percent, the country is
endowed with the mix of other conventional energy
reserves including coal , solar, wind , biomass and
potential for nuclear.
“Diversification into available resources will reduce
the country’s dependence on oil and gas, thereby
setting the stage for sustainable development.
Reserves availability of the various energy sources
include crude oil -36 billion bbls, natural gas-1.80
trillion standard cubic feet, coal and lignite – 2.7
billion tones, tar sands- 31 billion boe, hydro-power-
14,750 MegaWatt, solar -Abt 7.0kWh/sq meters per
day, wind 2-4m/s at 10m height, biomass 320 million
hectares and nuclear is yet to be quantified.
The NNPC boss further disclosed that all economies
of the world require energy to power both industrial
and residential activities. According to him natural
gas is increasingly becoming the fuel of choice for
power generation, given the current power
generation challenge confronting Nigeria and its
huge untapped gas reserves. He further cautioned
that the country cannot be an exception to this
ongoing gas to power revolution.
‘‘Today in the country, the strategic intent is to deploy
natural gas as a dominant fuel for power generation
with an immediate objective of attaining at least a
five-fold increase in gas fired power generation
capacity from about 3,000 MW in 2003 to 15,000MW
by 2018. This is because gas-fired power generation
has been the primary driver of worldwide increment
gas demand. This growth was driven by two key
factors – firstly, increasing electricity demand fueled
by economic growth and secondly, replacement of an
aging coal-fleet in Europe and North America.
‘‘NNPC is posed to significantly improve the gas
utilization to forestall energy crisis, adding that the
domestic gas production in the country has grown
from 700mscfd in 2012 to current over 1bcfd per day.
Daily gas volumes of 3.5bcfd can support close to 16
GiggaWatt of electricity. Emphasis has therefore been
placed on the development of gas such that
additional volumes are being pushed to the domestic
market.’’ he noted.
Meanwhile, the GMD disclosed that provision of gas
infrastructure will enable increased supply of gas to
the domestic economy through gas utilization in
power and other industrial sectors. He added that
this will have a huge impact on the domestic
economy through improved GDP, import substitution
and employment generation. He further noted that
the corporation is committed to monetize and
capture gas and power opportunities. Source
http://vanguardngr.com/2015/08/nnpc-boss-calls-for-
diversification-of-power-generation/
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