Business
NIPCO Invests N100bn In CNG Pipelines, Stations

NIPCO PLC says it has invested over N100billion to lay pipelines for easy access to compressed natural gas from existing major trunks across its operating states and to build CNG stations across the country.
The Assistant General Manager of Corporate Affairs, NIPCO Plc, Lawal Taofeek, in an exclusive interview with The Tide’s source, midweek, said the company started CNG business in Edo State in 2009.
“We have invested well over N100billion in pipelines laying to ease access to gas from existing major trunks across our operating states, while inaugurating CNG stations, the most recent being the one in Kubwa, Abuja.
“We have also converted over 7,000 vehicles to run on gas at our kits fitment workshops in all our operating stations”, he stated.
According to Taofeek, NIPCO has three CNG “mother stations” in Ibafo, Benin and Oron, to service “daughter stations” in their neighbouring states.
He explained that a mother station is like a depot where cascades can be loaded to service daughter stations.
The spokesperson confirmed that NIPCO received N25billion from the Central Bank of Nigeria’s Gas Expansion Intervention Programme, saying the money was being “expended on improving and inaugurating more CNG infrastructure like pipeline network, stations construction, and improvement in manpower, to make them meet industry standard”.