President Bola Tinubu on Friday flagged-off the Gwagwalada Independent Power Plant Project of the Nigerian National Petroleum Company Limited.

The President did the ground-breaking in Abuja at an event attended by the Group Chief Executive Officer of the NNPC Limited Mele Kyari; the Permanent Secretary of the Ministry of Petroleum Resources Gabriel Aduda and his counterpart in the Federal Capital Territory Olusade Adesola, among other top dignitaries in the private and public sectors of the economy.

The Gwagwalada Independent Power Plant Project is a 1.350 MegaWawtts Combined Cycle Power Plant with auxiliaries and Balance of Plant to be situated on 547 hectares of land already acquired at Gwagwalada, in the Federal Capital Territory (FCT), Abuja.

The project is expected to generate between $700m and $800m annually within the first ten years of operations.

The GIPP was necessitated by the need for delivering gas towards additional power generation capacity in Nigeria. Gas supply to the Plant shall be through the Ajaokuta- Kaduna-Kano (AKK) Gas Pipeline Project which is currently at its advanced stages of construction.