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HomeBusinessNNPC, Seplat joint venture to build $700 mln gas plant in Imo

NNPC, Seplat joint venture to build $700 mln gas plant in Imo

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By Samuel Bankole

A joint venture partnership between state-run oil firm the Nigerian National Petroleum Corporation (NNPC) and indigenous energy company SEPLAT plan to construct a $700 million gas plant in Imo State.

The project, which will be located at Assah, Ohaji/Egbema Local Government Area of the state is expected to be completed within the last quarter of 2021.

According to the chairman of SEPLAT Petroleum Development Company Bryant Orjiako while conducting the Imo State Governor Hope Uzodimma on a tour of the project site, the project is owned on a ratio of 50:50 by Seplat and the NNPC.

READ ALSO: Nigerian Parliament to pass 2021 N13.08 trln budget by Dec 10

“We decided to site the project here because we have our biggest gas asset here. We have one already in Sapele, Delta State, for the development and transformation of this country.

“The project would provide energy solution and about 30 percent of gas supply in the country,” Orjiako told the governor.

The governor on his part described the project as important to the state and Federal Government. He denounced the discriminatory approach adopted by previous companies in the provision of basic infrastructural facilities.

He, however, pleaded with the firm to provide jobs, scholarships, and basic necessities of life for the people, and to assist in the renovation of dilapidated infrastructures.

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