The Minister of Power, Prof. Chinedu Nebo has signed a Memorandum of Understanding (MoU) with Atlas Petroleum Corporation for a coal-to-power plant that Nigeria needs to harness all its potentials in developing her power sector, This Day reports.
He said in a statement from the ministry in Abuja that the country’s abundant coal, biomass, solar, wind and small hydro could provide possible insurance to deal with vandalism of pipelines.
He also said Nigeria had about 2.8 billion metric tonnes of coal deposits left untapped for years now and that the use of these coal deposits, amongst other renewable energy sources to generate electricity for Nigeria could alleviate instances of vandalism of petroleum pipelines
The promoter of the project, and Chairman of Atlas Petroleum, Chief Arthur Eze, said the company has the competence to deliver on the project
He said: “We have the ability and wherewithal to deliver, we will move fast to invest in coal to power.”