The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has inaugurated the Technical Working Committee for the $20b Ogidigben Gas Revolution Industrial Park project.
The Committee was inaugurated during the Steering Committee session for the project which held recently in Abuja.
The Technical Working Committee comprised of representatives from the developer consortium, Alpha Grip Management Company (AGMC), led by Alpha Group from UAE including its consortium partners such as Power China and other 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.
The Committee, was tasked with fast tracking the project by identifying the major issues surrounding the development process and proffering solutions to present to the steering committee, to enable execution of the project.
Kachikwu, emphasized the importance of identifying the issues delaying the project and tasked the committee to jointly find a solution to resolving those issues, so as to realize the project as quickly as possible.
The AGMC- Executive Managing Director, Sheikh Mohamed Bayorh who led the developer consortium, thanked the Minister for his vision and leadership in his desire to see the project’s realization quickly.
He also noted that it was very critical for all the stakeholders to work closely, to resolve some of the major key issues delaying development, such as; inadequate gas allocation and sand filling of the site required for the project.
Furthermore, AGMC presented its development and implementation plan for the Gas Revolution Industrial Park to the Steering Committee in which the Minister expressed his satisfaction in the effort.
It is worthy of note, that the developers consortium has attracted and mobilized over $10b of investment for the successful take off of the first phase of the project.