The Niger Delta Development Commission, NDDC, says it is in discussion with a Chinese firm to establish a regional power pool project in the Niger Delta.
The NDDC Managing Director, Mr Nsima Ekere, disclosed this in a statement issued by the commission’s Director of Corporate Affairs, Ibitoye Abosede,in Port Harcourt.
Mr Ekere, represented by the commission’s Executive Director, Projects, Dr. Samuel Adjogbe, said at the meeting with officials of the Chinese company, SINOTEC, that the project was designed to stimulate industrial growth of the region.
He said on completion of the project, 7,000 mega watts of electricity would be produced from 18 power stations spread across the region.
Ekere said the commission was fully focused on diversifying the region’s economy from its over-reliance on oil and gas for survival.
The Director said that the next stage will be to prepare the actual design for the project and produce the agreement spelling out conditions and terms of engagement.
The NDDC boss urged the Chinese firm to work out details including funding requirements which will be presented to the commission on Feb. 6.
The Managing Director of Income Electrik and consultant to NDDC,Matthew Edevbie, said the project aimed “to harness cheap, abundant, reliable and available power in the region’’.
Mr Edevbie said that aside the 7,000 mega watts the 18 power stations would generate, industrial parks would also be built in each of the Senatorial districts in the region.
The General Manager of SINOTEC, Mr Bu Songo, said there was the need for a Public-Private Partnership for development of the power plant in the region.
He said that international funding was critical to the successful execution of the project, adding that SINOTEC had experience in power generation, transmission and contract financing.