MPN Join Venture Inks Agreement on Qua Ibom Power Project

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.

Paul Arinze, general manager, Public & Government Affairs of MPN in a statement quoted  Mark Ward, managing director, Mobil Producing Nigeria as saying that  “This 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, 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. 
   
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