25 April 2013, Lagos – 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, including a 500 megawatts thermal power plant and a 56-kilometre transmission line.
The power plant will be located at Mobil’s Qua Iboe terminal in Akwa Ibom State and the transmission line will connect the plant to the national grid at Ikot Abasi.
Mr. Paul Arinze, MPN’s General Manager in charge of Public and Government Affairs disclosed in a statement 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.”
The Managing Director of Mobil Producing Nigeria, Mr. 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.”
Front End Engineering Design, FEED, and Environmental Impact Assessment, EIA for the project has 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.
On completion, it is expected that the Power Plant will provide 330kV export power to the national grid.
*MPN press statement
