Akwa Ibom state government and the African Delta Power Limited have signed an agreement for an expansion of Ibom Power Plant to add an additional 366 megawatts to the existing 191 megawatts.
Attorney-general and commissioner for justice of the state, Uko Udom, signed the agreement on behalf of the state government while the board chairman of Ibom Power, Etido Inyang and secretary of the company, Ime Asibong, signed for Ibom Power and Jemeriah Oluwaseun and Christabel Nwagum (CEO of African Delta and secretary respectively) signed on behalf of African Delta Power.
The parties signed the agreement at the office of the secretary to Akwa Ibom state government and chairman of the one-stop shop on investment committee, Emmanuel Ekuwem.
“It was not an MoU between the various parties but rather a step further, which has transited the MoU phase,” the Ekuwem said.
The SSG said that the proposed power project is under the ‘Power for All’ initiative of Governor Udom Emmanuel.
He charged the investors to follow up the agreement by implementing all the terms of agreement as outlined in the contract.
The proposed power plant will be developed as part of Phase II of the IPP. According to the agreement, the aggregate maximum capacity of the gas turbine generator unit would be capable of producing up to 732 megawatts.
But it was noted that Ibom Power must apply to the National Electricity Regulatory Commission (NERC), for licence expansion because it only had an on-grid license for 685MW.