FDI: Akwa Ibom Govt Signs MOU For QIPP Project (Photos)
Akwa Ibom State Government has signed Memorandum of Understanding, (MOU) with BlackRhino, operator of Qua Iboe Power Plant (QIPP) for the commencement of Qua Iboe Power Plant Project at Ibeno Local Government Area.
The State Governor, Mr Udom Emmanuel signed for the state government while the Chief Executive Officer, CEO and Founder BlackRhino, Brain Herlihy endorsed on behalf of the company.
Governor Udom Emmanuel said the project when completed, would create employment and boost the economy of the state in particular and country at large maintaining that, with the production of 400 million cubic of gas, the industrialisation policy of his administration shall witness a major leap.
Earlier, the Chief Executive Officer and founder of Black-Rhino, Mr Brian Herlihy explained that the Qua Iboe Power Plant project has a portfolio of more than $1 billion in partnership with Black-Rhino, Dangote Group and NNPC.
He added that the company would build a 570 Megawatts Gas Power Plant using a combined circle technology with General Electric and world class expertise to utilise onshore and offshore gas for its operations to enhance the growth of other industries in the value chain.
Mr. Herlihy further added that the Power Plant project would employ more than 12,000 workers at the construction level and 300 workers during operations.
According to him, ‘‘this would have a replicate effect on the indirect job market’’ assuring that the company would be alive to its corporate social responsibilities and sued for more cooperation from both the government and people of the state.
See the signing pictures below