Monday, June 12, 2017

NNPC Assures Nigerians On Improved Electricity Generation

Following the improvement in gas supply, the Nigerian National Petroleum Corporation (NNPC) has assured Nigerians of a boost in electric power generation. This was disclosed in the monthly financial and operations report of the NNPC which was released on Saturday in Abuja.

      According to the report, the average national daily gas production in the country stands at 226.918 billion cubic feet (bcf) which translates to over 7.319 million standard cubic feet of gas per day (mmscfd); which is relatively sufficient to ensure steady power supply.
Also, the daily average national gas supply to power plants increased to 689mmscfd or the equivalent to power generation of 3056mw.
The Report also said the March 2017 figure was an improvement on the previous month’s record, which stood at 582 mmscfd and the supply was also over 29 per cent higher than the corresponding supply record for March 2016. It, however, said pipeline sabotage in the country increased from 49 downstream pipelines vandalized points in February 2017 to 94 in March 2017. The report stated: “This represents over 91 per cent increase relative to the previous months despite Federal Government’s and the NNPC’s continuous engagement with the stakeholders.
“Nevertheless, there is a noticeable improvement compared to corresponding period of March 2016 which posted 259 cases.”

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