Chinese Investors Hail Ibom Power Phase 2 Project

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Chinese investors, Tempo Energy-GasInvest Consortium and Nantian Power & HYPEC/Power China, have hailed the Ibom Power plant phase 2 project.

The investors spoke after a tour of the site, which they described as “fantastic”.

Wei Yubao, who spoke on behalf of the delegation, said Ibom power Phase 2 site has a good road network connecting federal roads.

He said the gas facility from the Nigeria Gas Company (NGC) and Seven Energy/Accugas would ensure steady gas supply for the project.

 Yubao added that the existing transmission facilities and the 330 kilovolts (kV) substation is a guarantee that power generated would be evacuated.

The Managing Director of Ibom Power, Meyen Etukudo, said the project would provide employment for indigenes, noting that the additional 500 megawatts (MW) for Phase 2 would ensure steady and reliable power supply to Akwa Ibom State and the national grid.

He said the power would be evacuated through a 330kV double circuit transmission line being built by the National Integrated Power Projects (NIPP) from Ikot Abasi to Ikot Ekpene.

Etukudo said the line can evacuate 1200MW, adding that NIPP has promisedthat the completion of 330kV double circuit transmission line from Ikot Abasi to Ikot Ekpene would be prioritised.

Chairman of Ibom Power Etido Inyang hailed the pace of the project.

He reiterated the commitment of Ibom Power and the state to the project.

 Inyang said Governor Udom Emmanuel has put in place the enabling environment for the development of Phase 2 by providing infrastructure to attract investors.

“Part of the power produced at Phase 2 will be retained in Ikot Abasi to power the industrial hub,” he said.

Source: IWIN

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