Hope rises for $20bn Ogidigben Gas Revolution Industrial Park
…Minister inaugurates Technical Working C’ttee
Hope that the $20 billion Ogidigben Gas Revolution Industrial Park project would soon become a reality has emerged.
The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, formerly inaugurated the Technical Working Committee for the project during the Steering Committee session held recently in the Auditorium of the Petroleum Ministry, Abuja.
The technical working committee comprises representatives from the developer consortium, Alpha Grip Management Company (AGMC) led by Alpha Group from UAE including its consortium partners such as Power China.
Others are leading energy companies from Korea and China along with the Nigerian National Petroleum Corporation (NNPC), Nigerian Export Processing Zones Authority (NEPZA), Nigerian Ports Authority (NPA), and the Delta State Government.
According to Sunny Eweama of the Ministry of Petroleum Resources, Abuja, the committee was tasked to fast track the project by identifying major issues surrounding the development process and proffer solutions, which would be presented to the steering committee to enable execution of the project.
Dr. Kachikwu emphasized the importance of identifying the issues that are delaying the project and urged the committee to jointly find a solution to resolving those issues in order to realize the project as quickly as possible.
The Executive Managing Director of AGMC, Sheikh Mohamed Bayorh who led the developer consortium thanked the Minister of State for Petroleum Resources for his vision, leadership and his desire to ensure that the project come to fruition quick.
He noted that it was very critical for all the stakeholders to work closely together to resolve some of the key issues delaying the development of the project such as adequate gas allocation and sand-filling of the site required for the project.
He said AGMC presented its development and implementation plan for the Gas Revolution Industrial Park to the Steering committee, noting that the Minister expressed satisfaction in the capacity of AGMC in handling the project.
Eweama said the developers consortium have attracted and mobilized over $10 billion of investment for the successful first phase take off of the project.
