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Geometric Power Signs Fresh Gas Supply Agreement with NNPC, Others
Geometric Power, Nigeria’s foremost indigenous independent power company, has signed a new agreement with the Nigerian National Petroleum Corporation (NNPC), Shell Petroleum Development Company (SPDC), Total and Agip, who are joint venture partners for the supply of 43 million standard cubic feet of gas per day (mscfd) to its 141 megawatt (MW) power plant in Aba, which will be scaled to 188MW.
The agreement, THISDAY learnt was midwifed by the by the Gas Aggregation Company of Nigeria (GACN), and its initialling witnessed by Dr. Tim Okon, who is a Special Adviser to the Minister of State for Petroleum, Dr Ibe Kachikwu.
The deal, according to officials of Geometric, was expected to push gas supply to the plant.
Geometric Power, which was founded by the former Minister of Power, Prof. Bart Nnaji, had actually signed in 2009, a gas supply agreement with the joint venture partners but the agreement lapsed on account of the controversial sale of the Aba ring fenced distribution network to the Enugu Disco during the privatisation of the 11 Discos in the country by the Goodluck Jonathan administration in 2013.
THISDAY, December 11, 2018
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