Mobil Producing Nigeria Unlimited (MPN), operator of the
Nigerian National Petroleum Corporation (NNPC) and MPN Joint Venture, has
signed a Seller’s Representative Agreement (SRA) for the Qua Iboe Power
Project, located at Mobil’s Qua Iboe terminal in Akwa Ibom State.
The proposed power project includes the construction of a
500megawatt-capacity power plant as well as a 56-kilometre transmission line
connecting the plant to the national grid at Ikot Abasi, also in the state.
MPN’s General Manager in charge of Public and Government
Affairs, Paul Arinze, said in a statement last night that the signing of the
SRA was “a critical part of the overall commercial framework that enables MPN
to undertake power activities and facilitates the sale of power by MPN to
Nigerian Bulk Electricity Trading Plc for itself and on behalf of the NNPC.”
Also speaking on the agreement, the Managing Director of
Mobil Producing Nigeria, Mark Ward, said the project “is a tangible
demonstration of MPN’s commitment to Nigeria and supports the president’s
priority of providing electricity to the country.”
According to the statement, Front End Engineering Design
(FEED) and Environmental Impact Assessments (EIAs) for the project had been
concluded, while commercial tenders for Engineering, Procurement and
Construction (EPC) were near completion.
Mobil Producing Nigeria awarded the Front End Engineering
Design contract for the project in September 2009 and performed the
ground-breaking in March 2010.
FEED is the conceptual process of development and design
for large industrial projects such as power plants.
The Power Plant will provide 330kV export power to the
national grid.
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