FG Says Gas To Power Projects Will Be Completed In Q2

The Federal Government, has announced that gas projects saddled with the responsibility of improving power supply in the country are scheduled for completion in the second quarter of this year, Punch reports.

Ia communiqué issued at the end of the first monthly meeting of operators in the power sector which was chaired by the Minister of Power, Babatunde Fashola, stated that the country’s gas sector was still facing some challenges in the aspects of payment and security, but expressed optimism that the supply of gas for electricity generation would improve from the second quarter of this year,

Government stated in the communiqué that: “The Nigerian Gas Company, Nigerian National Petroleum Corporation and Gas Aggregating Company of Nigeria, led by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, shared information on significant gas projects that will improve gas supply, which are scheduled for completion in Q2 of 2016.

“They also highlighted some of the challenges, especially related to payment and security affecting delivery of gas to the power sector.”

Another content of the communique states that stakeholders agreed to adequately engage the public on issues around power tariffs, adding that they must simplify the intricacies of the industry to provide adequate understanding of its concerns.

The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.


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