Business and Economy
Senate frowns at delay on execution of $2.8billion AKK Gas Pipeline Project …orders Brentex CPP Ltd to speed up on $1.27billion component of the project.
The Senate committee on Local Content has frowned at delay on execution of $2.8billion Ajaokuta – Kaduna – Kano ( AKK) Gas Pipeline Project by Brentex CCP Limited .
The Committee Chaired by Senator Natasha Akpoti – Uduaghan ( PDP Kogi Central ) , specifically took up management of Brentex CPP Limited , on $1 27billion stations execution component of the contract during an interactive session with them.
In his submission , the Chairman of Btentex CPP Limited , Sani Abubakar lamented to the committee that parts of the delay in the execution of the contracts , is attempt being made by the Nigerian National Petroleum Company Ltd ( NNPCL) , to descope $1.27billion station component of the contract .
” NNPCL has written us that they are descoping the $1.27billion stations ( TGS )component of the contract and we have been in discussion with them for the past eighteen months.
” So , the delay on execution of the contract is not from us but from NNPCL “, he said .
But the Chairman of the Committee in her response, told the Brentex Chief Executive that based on information at her disposal through documents submitted , NNPCL is making the move to take the stations component of the contract from Brentex for delay in execution .
” Should i tell you , you are refusing to mention something. The reason why NNPCL is considering descoping that is that , they are not satisfied with the pace of work .
“Let’s be very honest, they said the supposed to be completed in 2022, it wasn’t completed and they gave you first extension to 2023 and even recently extended again , to complete everything by May , 2025.
” To the very best of every stakeholders’ knowledge, the stations are in your control because it still makes part of the $1.27billion as you said and the only person delaying is you. .
” Consequently to sum it up , just submit every correspondence between your company and NNPCL.
” If they have written to you to descope , let us see that letter because I’m very sure , NNPCL must have stated in such letter that if you do not complete by so, so , we will take away this . They won’t just say we are descoping”.