A Nigerian firm, TeknoSuisse Refinery Limited, last week, promised to generate 470 megawatts of electricity within the next three to six months to assist government’s plan to improve power generation to 4,000megawatts before the end of the year.

Presenting the proposal to the Nigerian Electricity Regulatory Commission in Abuja, the Managing Director of the company, Dr. Yinka Akinbami, said TeknoSuisse had entered into an agreement with the renowned Russian scientist, Prof. Yuriy Noskov, to deploy the latest technology in power generation and that Nigeria would be the second country to benefit from the technology if the plan was allowed.

He described the technology as a combined cycle of two turbines with capacity to generate 320mw, each with capacity for 160mw, which would go through cooling process, while generating power and that heat gathered in that process could generate additional 100 to 150mw of electricity.

He stated that his company, was awaiting government’s approval to ship down the turbine within the next three months to generate about 470mw of electricity into the national grid.

The technology, according to him, has 47 years life span and has about 20 per cent cost efficiency level above similar technologies produced in other parts of the world.

Akinbami, who estimated energy need for Nigeria at about 14gigawatts (a giga watts is equivalent to 1,000mw) at the rate of 1 gigawatts per 10million people, said that his company had the capacity to generate 1gigawatts of electricity by tapping into the flared gas in the Niger Delta or through the gas gathering process.

He, however, said that any arrangement that would allow the company tap the gas being flared in the Niger Delta would not only solve environmental problems in that part of the country, but also fast track the plan by the government to improve power generation.

In her remarks, the acting Chairman of the commission, Dr. Grace Eyoma, assured the company that the terrain in the power sector was now free for private sector participation, adding that no encumbrance would be put in the company’s way to actualise its business plan.