The long term future of Nigerian National Electric Power Authority (NEPA) has been put in doubt by an agreement signed by the Lagos state government and Enron (Nigeria) Ltd and Yinka Folawiya Power for a 90 MW first phase project. The project at Ijora would cut the shortfall in electricity supply to the state to only 35 MW. A second phase would see Enron fund, build own and operate a 560 MW gas fired plant at Agbara, a suburb of Lagos.
Nestle Nigeria Plc. has installed GE Jenbacher gas engines, entailing the use of compressed natural gas (CNG) as a fuel source at its Flowergate Factory, enabling the company to reduce recurrent electricity cost by 30 per cent.
Nigeria's plans to privatize the state run National Power Authority (Nepa) are to be preceded by the unbundling of activities next year and a doubling of generating capacity within three years, President Olusegun Obasanjo said Wednesday.