- Energy & Power
- Construction & Mining
- Buyers' Guide
Nigeria has signed an MoU with Strancton Limited to develop a 1,000MW power plant in Katsina State
Chinedu Nebo, minister of power in Nigeria signed the MoU and stated that the project is “highly innovative” as Strancton Limited would utilise gas from Niger to fire the plant.
According to Nebo, gas can assist the economic development of the country and hoped that the reserves were fully utilised for the same. Power utility experts have stated that natural gas is a major source of energy. LNG, in particular, is a viable energy source as it can be transported and stored more easily than natural gas.
The project costs US$1bn and would supply an initial 300MW, following which it would ramp up production to 1,000MW. The power project in Katsina would help stabilising the local power grid by making it “robust and active”, added Nebo.
In addition to a power MoU, the Nigerian government also signed an agreement with Greenville Oil and Gas Limited for the supply of LNG to the Kaduna power plant.