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Monday, April 29, 2013
ExxonMobil’s unit in Nigeria, Mobil Producing Nigeria Unlimited (MPN), signed a Seller’s Representative Agreement (SRA), for the Qua Iboe Power Project, located at its Qua Iboe terminal in Nigeria’s AkwaIbomState. The proposed power project includes the construction of a 500 MW-capacity power plant as well as a 56-km transmission line connecting the plant to the national grid at Ikot Abasi.
MPN’s GM in charge of Public and Government Affairs, Paul Arinze, said 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.â€
MD 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.â€
The FEED and EIAs for the project have been completed and the EPC tenders are nearing completion.
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