Oando PLC says its joint venture has commenced gas delivery to a newly developed 60-megawatt independent power project in Yenagoa, Bayelsa State.
This was disclosed on April 16, 2026, in a press statement issued by the company, detailing the role of its upstream joint venture with NNPC E&P Limited in supplying gas to the facility.
The development follows the inauguration of the 60MW gas-fired independent power plant located in Elebele, Ogbia Local Government Area of Bayelsa State, by President Bola Ahmed Tinubu on April 10, as part of efforts to improve electricity supply in the state.
The company explained that its joint venture with NNPC E&P Limited played a central role in making the power project operational by initiating and supporting the gas supply infrastructure required to run the 60MW plant in Yenagoa.
It added that the joint venture is solely responsible for supplying gas to the plant under a long-term agreement designed to ensure steady operations.
“The NEPL/Oando JV is the sole gas supplier to the plant, with a contracted volume of 11.2 million standard cubic feet per day (11.2 MMSCFD). Gas is delivered via the JV’s Elebele Valve Station, interconnected with a major trunkline, ensuring an uninterrupted feedstock supply to the IPP.”
Speaking on the impact of the project, Group Chief Executive of Oando, Wale Tinubu, said the initiative is expected to strengthen economic activities in the state by improving power reliability.
“By enhancing power reliability, we are helping to unlock new opportunities for businesses, improve living standards, and stimulate broader economic growth across the State,” he said.
