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, Mr. 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.”
Also speaking on the agreement, 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.”
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