AfrOil: Egbokor Energy Park set to launch by end-March

Backers of the Egbokor Energy Park project reportedly expect construction work on the new facility, which is being built in Nigeria’s Edo State, to be completed in less than three months.

According to Dr. Akintoye Akindele, the CEO of Atlantic International Refinery and Petrochemical, both the park’s owner, Duport Midstream, and the bank providing the financing, First City Monument Bank (FCMB), have said that the complex will be ready for inauguration by the end of March. The facility will eventually be home to a modular oil refinery, a natural gas-processing plant, a gas-fired thermal power plant (TPP) and a data centre, he said.

He stressed, though, that the Egbokor Energy Park would not begin operating at full capacity. Instead, he said, it will open in phases, since Duport is inaugurating the project to satisfy local authorities. The launch ceremony “is at the behest of the government [and] will happen at different levels,” he was quoted as saying by This Day.