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LequteMan
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Nigerian business mogul, Tony Elumelu, has stated that his company, Transnational Corporation of Nigeria, is ready to take over and revive some moribund gas fields in the Niger Delta region.
According to him, the project aims to realise the company’s objective of improving the country’s economy while also making profit.
“We are not relenting. We are in discussion with NNPC to see whether we can take over and run the idle gas plants. We have the capacity to do this.
“Our thinking is that instead of having these moribund gas fields in the Niger Delta lie idle, let some power generating companies that have the resources such as Transcorp Power, take them over.
“We can revamp them, produce gas and use it to improve our power generation and get the country realise its present target of 10,000 megawatts of electricity,’’ he said.
Mr. Elumelu said that Transcorp Power was poised to improve access to electricity in the country and ensure that small and medium scale industries had the capacity to produce more and boost the economy.
News Agency of Nigeria
According to him, the project aims to realise the company’s objective of improving the country’s economy while also making profit.
“We are not relenting. We are in discussion with NNPC to see whether we can take over and run the idle gas plants. We have the capacity to do this.
“Our thinking is that instead of having these moribund gas fields in the Niger Delta lie idle, let some power generating companies that have the resources such as Transcorp Power, take them over.
“We can revamp them, produce gas and use it to improve our power generation and get the country realise its present target of 10,000 megawatts of electricity,’’ he said.
Mr. Elumelu said that Transcorp Power was poised to improve access to electricity in the country and ensure that small and medium scale industries had the capacity to produce more and boost the economy.
News Agency of Nigeria
