ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
ADVERTISEMENT
Home Business

Greenville inaugurates $500m LNG plant to bridge power supply gap

22nd November 2018
in Business, Cover
0
Greenville inaugurates $500m LNG plant to bridge power supply gap
0
SHARES
1.1k
VIEWS
Share on FacebookShare on Twitter

Each LNG truck has the capacity to generate about five megawatts of electricity which would go a long way in addressing the country’s power deficit.

Adewale Sanyaolu

Greenville Oil and Gas Limited has inaugurated a $500 million Liquified Natural Gas (LNG) Plant in a bid to assist the country boost its electricity generation and supply.

READ ALSO: NNPC targets 10% global LNG market share

Speaking at the inauguration of the project in Rumuji, Rivers State, the Managing Director of the company, Ritu Sahajwalla, said the coming on stream of the LNG plant would go a long way in resolving the country’s power sector crisis.

Are you a Man 40 yrs and above? Do not miss the Vital Information, it goes off in 2 days! CLICH HERE to READ .

Sahajwalla explained that part of the problems causing poor electricity supply to consumers in Nigeria was the rot in infrastructure, especially the pipelines conveying gas to some of the thermal power plants in the country.

She explained that the absence of functional gas pipelines in Nigeria had made it difficult to convey stranded power to thermal plants.

Sahajwalla added that such stranded power are available in West, North and Eastern parts of the country, giving assurance that the LNG produced by her company would help bridge the gap.

And to achieve the initiative, she said Greenville has procured about 100 trucks that would convey produced LNG from its plants to power plants across the country and to other end users in need of the product.

The Greenville boss disclosed that each LNG truck has the capacity to generate about five megawatts of electricity which would go a long way in addressing the country’s power deficit.

100% Natural Herbs to Finally End Premature Ejaculation, Weak Erection and Small Manhood. >>>Click Here for Details<<< .
Premature Ejaculation & "Small Joystick" Resolved in 7Days... Click Here For Details .

She lamented that most companies in the North of Nigeria, especially those operating in the textile sector, have been forced to move their operations to the Southern part of the country as a result of shortage in electricity supply.

“Imagine the poor economies of scale involved in the movement of cotton from Kaduna to Lekki in Lagos. So we keep on creating the disequilibrium and I don’t think anyone is noticing that. We are able to notice that because we are talking to those concerned and they have expressed their frustrations to us.”

Sahajwalla noted that the Greenville LNG initiative would have a lot of ripple effects on the economy, saying that it would create thousands of jobs and save millions of dollars for the country on Automotive Gas Oil (AGO) imports.

She advised Government to take conscious efforts in ensuring that policies that would help grow the LNG sector and gradually shift away from the use of dirty fuel are put in place.

Speaking earlier, the Chairman of the Company, Mr. Eddy van den Broeke, said the inauguration marks the first phase of the LNG plant with a daily production capacity of 2,250 tons and 750 million tons per year. Van den Broeke, who described the capacity as smaller when compared to the Nigeria LNG plant in Bonny Island, Rivers State, however, noted that the project is relevant on the general scale and should be considered a revolution in the industry, especially with the operational environment.

The Greenville boss, however, expressed his disappointment on government’s attitude towards foreign investors saying, “when you bring your money to invest in Nigeria, you are on your own because no one helps you, not even government agencies and that is a major setback for investors,” he lamented.

The project, he explained was delayed for two years because of financial challenges and the harsh business environment which he said is an indicator that foreign investments have not enjoyed the support of government, most especially in the industry as oil and gas sector.

READ ALSO: Oil & Gas: Advocacy c’ttee calls for abrogation of Land Use decrees

Greenville LNG plant commissioning in Rumuji, Rivers State

1 of 4
- +
Greenville inaugurates $500m LNG plant to bridge power supply gap

1. Greenville Chairman, Eddy Van Den Broeke

2.

3.

4.

Tags: eddy van den broekeelectricity generationelectricity supplygreenvillegreenville oil and gaslngoil and gas sectorpower deficitpower plantspower sectorritu sahajwallarivers state
David

David

Sun News Online team

Related Posts

Xenophobic attacks: Labour calls for  strigent measures against South Africa
Business

NLC replies FG on circular

16th May 2022
NSITF set  for massive awareness  campaign
Business

NSITF tasks employers on safety at workplace

16th May 2022
NUEE threatens strike over insecurity, poor conditions  of service, others
Business

NUEE threatens strike over insecurity, poor conditions of service, others

16th May 2022
Next Post
atiku

70% appointments’ll go to youths, women if elected –Atiku

boss mustapha

2019: Endorse Buhari to secure 2023 Presidency, SGF urges South East

Offa robbery prime suspect dies in custody

Offa robbery prime suspect dies in custody

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Easter Is Eggciting at Bunnyland

Easter Is Eggciting at Bunnyland
ADVERTISEMENT

Highlights

Several people shot at California church, sheriff says

Ex-president of Somalia re-elected as head of state

NLC replies FG on circular

NSITF tasks employers on safety at workplace

NUEE threatens strike over insecurity, poor conditions of service, others

Workers in research deny suspending strike

Trending

One feared dead as gunmen attack filling station in Ondo
Politics

Gunmen shoot PDP member dead in Delta

16th May 2022
0

From Joseph Obukata, Warri A yet-to-be identified gunmen, has reportedly, shot dead a member of the People...

Police commissioner embarks on observation patrol across Kaduna metropolis

Police commissioner embarks on observation patrol across Kaduna metropolis

16th May 2022
ndlea

NDLEA urges youths to shun drug abuse, addiction

16th May 2022
Several people shot at California church, sheriff says

Several people shot at California church, sheriff says

16th May 2022
Ex-president of Somalia re-elected as head of state

Ex-president of Somalia re-elected as head of state

16th May 2022

Follow us on social media:

Latest News

  • Gunmen shoot PDP member dead in Delta
  • Police commissioner embarks on observation patrol across Kaduna metropolis
  • NDLEA urges youths to shun drug abuse, addiction
  • Several people shot at California church, sheriff says
  • Ex-president of Somalia re-elected as head of state
  • NLC replies FG on circular
  • NSITF tasks employers on safety at workplace
  • NUEE threatens strike over insecurity, poor conditions of service, others
  • Workers in research deny suspending strike
  • Deborah: Ohanaeze condemns attack on Igbo in Sokoto
  • Inaugurate NDDC board, monarch tells FG
  • NFF finally appoints Peseiro Super Eagles coach
  • NWFL Premiership Super Six: Battle for Champions League ticket begins in Benin
  • Sports Ministry to begin zonal sec. schl Basketball competition June
  • World Athletics: Okpekpe 10km road race next stop in our calendar
  • Basketball coach hails FG decision on NBBF
  • World No. 1 to storm Lagos for ITTF Africa Cup
  • Grange School retains Zenith Bank/Ikoyi Club Inter Schl swimming meet
  • Nigeria’s stock market outperforms other markets, rise by 4.25% w/w
  • DiamondXtra Season 14: Access Bank to reward customers with N270m

Categories

  • Abuja Metro
  • Anambra Watch
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Posting....