NNPC, Genesis Electricity Sign MOU on Power Supply to PH Refinery

By Ewache Ajefu/Editor,Newsdiaryonline.com

The Nigerian National Petroleum Corporation, NNPC, and Genesis Electricity Ltd have signed a Memorandum of Understanding designed to bolster power supply to the Port Harcourt Refining Company, PHRC, and strengthen its production capacity.

Speaking during the ceremony at the NNPC Towers in Abuja, the Group Managing Director of the Corporation, Engr. Andrew stated that the MOU would give PHRC a new lease of life and curb unstable power supply to the . Engr. applauded the Federal for its commitment to addressing the power in PHRC and assured of its readiness to meet the ambitious target given to the Corporation in the petroleum sector.

“We all know that power is strategic to all our operations and with this lengthy and conscientious agreement with an indigenous company on electricity, I believe that PHRC power would further improve and impact positively on the product output of the PHRC,” Engr. asserted.

He expressed optimism that this new model with the company would help the Corporation re-evaluate how to address power and utility to the oil installations of the NNPC.

According to him, “we hope that this arrangement will be a win-win and it will be a test case that will add value to our installations.”

In his response, the Chief Executive Officer of Genesis Electricity Ltd, Mr. Akinwole Omoboriowo, assured the management of the NNPC of its preparedness to deploy the power technology in the world to PHRC and provide qualitative electric power supply to the plant.

PHRC has the mandate to provide efficient petroleum refining services primarily to the nation, at a minimum cost and the international at competitive prices, spearheading the development and production of specialized petroleum products.


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