96 Firms Bid For NNPC Infrastructure Rehab

96 Firms Bid For NNPC Infrastructure Rehab
Ada Oyetunde: Managing Director of the Nigerian Pipelines and Storage Company (NPSC)
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No fewer than 96 companies from Nigeria and overseas have indicated interest in undertaking the rehabilitation of the Nigerian National Petroleum Corporation’s (NNPC) downstream infrastructure.

The jobs to be done include rehabilitating pipelines, depots, refineries and terminals through the Build, Operate and Transfer (BOT) financing model.

This was disclosed at a virtual public bid opening exercise which held at the NNPC Towers, Abuja for the pre-qualification of companies for the contract.

Group General Manager, Group Public Affairs Division of the NNPC, Dr. Kennie Obateru, said the public opening of the bids for the contracts was in keeping with the NNPC Management’s commitment to transparency and accountability in all its processes and transactions.

Read Also: Why We Deliberately Shut Down Nigeria’s Refineries – NNPC

Speaking at the event, the Managing Director of the Nigerian Pipelines and Storage Company (NPSC), Mrs. Ada Oyetunde, disclosed that the exercise was in conformity with the mandate of the Federal Government to prioritise the rehabilitation of critical downstream infrastructure across the country.

She listed the facilities that would be rehabilitated by successful bidders to include critical pipelines for crude oil supply to the refineries and evacuation of refined products, depots, and terminals.

She said that the objective is to get them ready to support the refineries when they become operational after their rehabilitation.

‘An open tender for pre-qualification of interested companies was published in August 2020 in the national dailies, for the rehabilitation of NNPC downstream critical pipelines and associated depots and terminal infrastructure through Finance BOT to cover the 4 lots namely: Lot 1: Port Harcourt Refinery related infrastructure, Lot 2: Warri Refinery related infrastructure, Lot 3: Kaduna Refinery related infrastructure and Lot 4: System 2B related infrastructure,’ Oyetunde stated.

 

AFRICA DAILY NEWS, NEW YORK

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