By Yemie Adeoye
MOBIL Producing Nigeria (MPN), operator of the Nigerian National Petroleum Corporation/Mobil Producing Nigeria (NNPC/MPN) Joint Venture, has announced its plans of boosting power generation capacity in the country by another 500 Megawatts (Mw).
This was contained in a statement issued in Lagos and signed by the Executive Director External Affairs Mrs Gloria Essien-Danner, which was made available to Vanguard in Lagos recently.
She stated that the company has awarded the front_end engineering and design (FEED) contract for the proposed joint venture project at Qua Iboe Terminal in Ibeno, Akwa Ibom State, to construct the 500_megawatt electric power plant.
â€œThe project is one element of an integrated effort to increase gas utilization and generate electric power in Nigeria. It demonstrates our support of increasing power generation in Nigeria in line with Federal Governmentâ€™s desire to boost electricity supply,â€ said Mark Ward, Managing
Director of Mobil Producing Nigeria.
â€œThe Joint Venture will continue to work with the government to explore mutually beneficial investments that meet the economic and energy development goals of the Nigerian government.â€
The FEED engineering work is expected to be completed in 12 months.
The scope of the proposed power project includes the electric power plant as well as a 56_kilometer transmission line connecting to the national grid at Ikot Abasi, Akwa Ibom State.
Ward further said:Â â€œWe are pleased at the achievement of this milestone, which addresses key elements of the governmentâ€™s seven_point agenda: domestic gas supply and power development to benefit the Nigerian people. We will continue to progress the commercial arrangements to underpin an economically viable project.â€
In addition to the power plant construction, the NNPC/MPN Joint Venture is advancing other projects which are aligned with the Federal Government of Nigeriaâ€™s objectives to enhance the domestic gas sector as a driver of economic growth. One of these involves the installation of new facilities that will allow for near_term delivery of 100 million cubic feet per day of natural gas to the domestic market.