The Federal Government is in discussions with Jindal Group, an Indian company, Jindal Group, to establish a steel and power plant in Akwa Ibom, a state in Nigeria’s South-South region.
This development was disclosed by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, on Sunday, following a visit to India to engage with senior officials of the company.
Ekpo revealed that the visit was accompanied by the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Corporation (NNPC) Limited, Mele Kyari.
The planned partnership aims to develop a 10 million tons per annum High Briquetted Iron (HBI) steel plant and a 650MW power plant within the Ibom Solutions Gas Hub in Akwa Ibom State.
“I have just arrived in New Delhi, India, accompanied by Mr. Mele Kyari, GCEO of NNPC Ltd., and we were warmly received by Mr. Ahmad Tijani Lawal, Acting High Commissioner for Nigeria to India, and Mr. Mukesh Sharma, Country Head of Jindal Nigeria Ltd.
“Our visit is focused on engaging in strategic discussions with the Jindal Group to advance plans for the establishment of a 10 million tons per annum High Briquetted Iron (HBI) Steel Plant and a 650MW Power Plant in the Ibom Solutions Gas Hub, Akwa Ibom State.
“This project will require about 450MMscfd of gas for startup and aligns with the Federal Government’s commitment to gas-based industrialization and driving economic growth in Nigeria,” Ekpo said.
|SituationReport|
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