The Nigerian Content Development and Monitoring Board (NCDMB), the Gas Aggregation Company of Nigeria (GACN) and Infini Power Limited (Infini) have signed a Gas Supply Collaboration Agreement.
The agreement is to underpin power generation by Infini at NCDMB’s Industrial Parks at Emeyal 1 in Ogbia Local Government Area, of Bayelsa and that of Odukpani, in Cross River State.
The agreement was signed in Yenagoa, Bayelsa state capital, by the Executive Secretary of NCDMB, Engr. Simbi Wabote, and the Managing Director (GACN) Mr Olalekan Ogunleye, and Mr Mallison Ukatu of Infini during the 10th Practical Nigerian Content Forum in Yenagoa.
Earlier in the panel discussion, the GED Gas and Power in NNPC, Mallam Abdulkabir Ahmed, enumerated several steps to ensure optimisation of opportunities in the Gas sector as well as grow the Sector.
The GACN representative stated that it was a perfect time for the business community to invest in Gas development given the priortization of Gas for economic growth by the Federal Government of Nigeria, MPR, NNPC & NCDMB.
He said that the Government and NNPC have provided the enabling environment for any type of Gas investment whether large or small and the commerciality of such opportunities will unlock financing.
The panel discussants generally aligned that the Gas sector is the hub of opportunities and serious investors and players are welcomed.