• Sunday, July 21, 2024
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MPN joint venture signs agreement on Qua Iboe power project

14 hours power supply to Aba to start this weekend, a week ahead of schedule

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 Qua Iboe Power Project, located at MPN’s Qua Iboe terminal in the state of Akwa Ibom.

“This project is a tangible demonstration of MPN’s commitment to Nigeria and supports the President’s priority of providing electricity to the country,” said Mark Ward, managing director, Mobil Producing Nigeria.

Read also: NAPIMS gives Mobil go ahead to execute N6bn special community assistance projects

The signing of the SRA 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 Nigerian Bulk Electricity Trading Plc for itself and on behalf of Nigerian National Petroleum Corporation.

Front End Engineering Design and Environmental Impact Assessments for the project have been concluded, while commercial tenders for Engineering, Procurement and Construction are near completion.