Adedapo Adesanya
By Adedapo Adesanya
The Nigerian Content Development and Monitoring Board (NCDMB) has assured that four major energy projects being developed by the board in partnership with investors will be completed before the end of this year.
This was disclosed by the Executive Secretary of NCDMB, Mr Simbi Wabote, who noted that one of the projects is the Duport Midstream Limited Energy Park, which comprises 2,500 barrels of crude oil per day modular refinery, 40 million standard cubic feet per day gas processing plant and 2 megawatts power plant.
Another of the projects is the Rungas facility in Polaku, Bayelsa State, which will produce 400,000 units of composite Liquefied Petroleum Gas, LPG, cylinders per annum.
The others are the Bunorr production plant in Port Harcourt, Rivers State, which would produce 48,000 litres of base oil per day and the Nedo Gas facility upgrade and expansion, expected to process 80 million standard cubic feet per day of gas.
Speaking at the one-day workshop organised by the Reform Coordination and Service Improvement Department of the Ministry of Petroleum Resources, he also stated that five LPG storage/bottling plants and six LPG depots are being developed in partnership with Butane Energy Limited in 10 states in the northern part of the country and Abuja.
He said this would be completed in two phases – six in the first quarter of 2022 and the rest in the fourth quarter of 2022, with the opportunity to create 1,900 direct, indirect, and induced jobs.
Mr Wabote also hinted that the board was partnering with the Lagos Deep Offshore Logistics Base (LADOL) to develop a 24 megawatts power plant at Tarkwa Bay, Lagos State, to provide uninterrupted power supply to the free zone, which hosts key facilities required to service the oil and gas industry. The project is expected to generate 400 jobs.
The NCDMB boss, who maintained that the agency’s partnership investments cut across modular refineries, LPG value chain, and other areas, said the agency had 23 project sites spread across Abuja, Bayelsa, Bauchi, Delta, Edo, Gombe and Imo state.
Other locations, according to him, include Jigawa, Kaduna, Katsina, Kano, Lagos, Nasarawa, Niger, Plateau, Rivers and Zamfara States.
Mr Wabote explained that the board committed equity investments into strategic projects that align with the government’s policies with a view to catalysing them to success, and would exit those businesses once they become successful.
