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FG, ExxonMobil partner on 500Mw power project

By AbdulSalam Muhammad

In an effort to boost the nation’s power genera-tion capacity, the Federal Government has partnered with ExxonMobil, one of the major upstream oil companies in Nigeria, to build a 500 megawatts thermal power station at Ibeno, Akwa Ibom State.

The Group Managing Director of the Nigerian National Petroleum Corpora-tion, Dr. Mohammed Sanusi Barkindo, stated yesterday at the ground-breaking ceremony that the country possessed more than enough resources to rival some economies of Asian countries, if it solved the power challenge.

The 500Mw power plant to be constructed at about $500 million is part of a domestic gas synergy project which also includes onshore flare elimination and a domestic gas pipeline to deliver gas to the national gas grid.

Barkindo noted that the project was another step in the right direction towards increasing Nigeria’s power generation capacity through effective use of the nation’s gas resources, thereby contributing to economic development of the country.

He said, “this project, bringing initially an estimated 500Mw of power to the national grid, is quite significant for a number of reasons. It will bring on board a significant amount of gas as well as power to the national grid.”


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