Mobil signs Qua Iboe 500MW power project agreement
Mobil Producing Nigeria Unlimited (MPN), operator of the Nigerian National Petroleum Corporation (NNPC) / MPN Joint Venture, has signed a seller’s representative agreement (SRA) for the 500 megawatts (MW) Qua Iboe power project, located at MPN’s Qua Iboe terminal, in Akwa Ibom State.
In a statement, the General Manager, Public and Government Affairs, Paul Arinze, quoted the Managing Director of MPN, Mark Ward as saying that the project is a demonstration of MPN’s commitment to Nigeria, and supports President Jonathan’s priority of providing electricity to the country.
The signing of the SRA, it explained, is a critical part of the overall commercial framework that enables MPN to undertake power activities and facilitates the sale of power by MPN to the Nigerian Bulk Electricity Trading Plc for itself and on behalf of Nigerian National Petroleum Corporation.
He explained that the Front End Engineering Design (FEED) and Environmental Impact Assessments (EIAs) for the project, have been concluded, while commercial tenders for Engineering, Procurement and Construction (EPC) are nearing completion.