The Nigerian National Petroleum Corporation (NNPC) says it is planning to venture into solar power generation to power all its retail outlets with electricity from solar energy.
The Corporation disclosed this in a statement signed by its Spokesman, Ndu Ughamadu, in Abuja, On Tuesday.
He said the NNPC also signed a Memorandum of Understanding (MoU) in China with two consortia, towards the development of sustainable biofuels in the country.
The two MoUs on the biofuels project development were signed between NNPC and the Obax-Complant Consortium on one hand and NNPC and the Capegate-Nanning Consortium on the other hand.
Obax And Capegate are two Nigerian companies, Complant And Nanning are two reputable companies incorporated in China
Ughamadu said that the Group Managing Director of the NNPC, Maikanti Baru, and executive officers of the consortia signed the agreements at the Nigerian Embassy in Beijing on the sidelines of the ongoing Forum for China-Africa Cooperation (FOCAC) Summit.
He quoted Baru as saying that the renewable energy project was dear to the current administration, which was why shortly after assuming office at the NNPC, he made it one of the cardinal programmes of his corporate vision of 12 Business Focus Areas (BUFA).