NIPCO Invests ₦17b In Compressed Natural Gas Projects

Integrated indigenous downstream operator, NIPCO Plc, has injected over ₦17 billion in the provision of Compressed Natural Gas (CNG) infrastructure in a joint venture scheme with the Nigerian Gas Company, a subsidiary of the Nigerian National Petroleum Corporation.

NIPCO said in a statement that the Joint Venture scheme, which resulted in the setting up Green Gas Limited (GGL), had already inaugurated eight CNG stations and three conversion workshops in the city of Benin while more outlets are currently under construction in other parts of the country.

Venkataraman Venkatapathy, the Managing Director of NIPCO, said over 1,500 vehicles had been configured to use CNG as vehicular fuel which are capable of saving the nation huge sums of money that could have been expended on fuel subsidy.

He explained that the GGL initiative which is the first of its kind in West Africa is ushering-in a new era of vehicles running on CNG in Nigeria with its attendant benefits.