The Nigerian Content Development and Monitoring Board (NCDMB) and the Bayelsa State Government have siigned a Power Purchase Agreement (PPA) for the delivery of electricity from the 10 megawatts gas fired independent power plant constructed by the NCDMB in partnership with the Nigerian Agip Oil Company at Elebele, Bayelsa State.
The Power Purchase Agreement was signed in Yenagoa by Engr. Simbi Kesiye Wabote, the Executive Secretary of NCDMB, and the Attorney General and Commissioner of Justice of Bayelsa State, Mr. Biriyai Dambo and was witnessed by Governor Douye Diri.
At the event, the Executive Secretary noted that the terms of the Power Purchase Agreement would ensure that the power plant would operate on a sustainable basis with settlement of obligations to the gas suppliers, operation and maintenance contractors, purchase of spare parts and consumables required for timely maintenance.
He added: “the power supply is not free as all users including NCDMB are expected to make pre-payment deposit for their power requirements just as required by our gas suppliers. We were required to make up to six months deposit with the Gas Aggregation Company Nigeria before we got gas supply to the power plant. We believe there will be no default from any party that will trigger unpleasant outcome in the sustainability of the power plant operations.”
He described the occasion as a major milestone in the collaboration between NCDMB and the Bayelsa State Government, adding that the importance of reliable power supply to enhance the efficient operation of government activities cannot be over emphasised.
Speaking,Governor Douye Diri in his comments noted that the state is blessed with abundant gas resources as well as other energy resources, which had been largely under-utilised, stressing that his administration was determined to utilize the resources of the state for the benefit of the people.
He lauded the management of NCDMB and other partners that made the agreement possible and charged on private investors to explore the abundance of natural gas in the state, assuring that the government was ready to partner with such investors to make power and other amenities available to the people.
