Oando PLC has announced that its upstream Joint Venture (JV) with NNPC E&P Limited (NEPL), the NEPL/Oando JV, has enabled the delivery of a 60-megawatt (MW) Independent Power Plant (IPP) in Yenagoa, Bayelsa State.
The NEPL/Oando JV is the sole gas supplier to the plant, with a contracted volume of 11.2 million standard cubic feet per day (11.2 MMSCFD). Gas is delivered via the JV’s Elebele Valve Station, interconnected with a major trunkline, ensuring an uninterrupted feedstock supply to the IPP.
This supply is underpinned by a long-term gas supply arrangement, providing a stable and predictable revenue stream while supporting higher-value domestic gas monetization and diversifying the JV’s revenue base.
Commenting on the strategic significance of the project, Group Chief Executive, Oando PLC, Wale Tinubu CON, said, “This project reflects our long-standing commitment to Bayelsa State and its people. By enhancing power reliability.
“we are helping to unlock new opportunities for businesses, improve living standards, and stimulate broader economic growth across the State. Our integrated approach, connecting gas to demandand delivering stable energy where it is needed most, ensures that development is both sustainable and inclusive. As one of the largest employers in Bayelsa, we are proud to deepen our contribution to the State’s progress.” He concluded.
Significance of Project
The Bayelsa State IPP is expected to deliver stable electricity to tens of thousands of homes, alongside commercial and industrial users in Yenagoa and its environs, reducing reliance on self-generation and lowering end-user power costs.
The plant operates as a fully integrated system, combining gas supply, embedded generation, and a ring-fenced distribution network. The project also demonstrates the potential for gas-to-power developments across the JV’s infrastructure footprint, reinforcing Oando’s strategy to deepen participation in Nigeria’s domestic gas value chain.
