EGBOKOR (ORHIONMWON) – The first technology-driven energy park in Africa being facilitated by an innovative energy company, Duport Midstream Company, powered by Platform Capital is set to be launched in the first quarter of 2022 in Egbokor community in Orhionmwon local government area of Edo State.
This was made known when the management of the company’s main bankers and financiers, First City Monument Bank (FCMB) visited the site in Egbokor community with a view to ascertaining and reviewing the level of progress done as well as to ensure its readiness for commissioning.
Speaking during the inspection visit, the Managing Director of FCMB, Mrs. Yemisi Edun who led other management team on tour of the project facilities lauded the Duport Energy Park for the expediency of work done so far, saying that they were proud to partner the company.
She said, “We are extremely pleased with what we have inspected on site today(Thursday) and we believe the project is on schedule to meet the target launch timeline”.
She described the project as significant, especially as the energy park was technology driven.
She said the FCMB was a strategic partner providing early funding which demonstrated the level of confidence and partnership towards the vision of creating iconic and world class energy park in Africa.
She further disclosed that the project was also supported with equity investment from the Nigeria Content Development and Monitoring Board (NCDMB) in line with Federal government’s policy of developing participation of local content, catalyzing modular refining geared towards increasing in-country refining of petroleum products, adding value to crude oil as well as creating jobs from oil and gas operations.
“So, seeing this project coming on board using technology to actually develop refineries and produce energy in the country and with what we have seen on ground and the progress of work done so far, we are convinced that it is a project we should partner. The management are very much convinced that in the next sixty days it should be commissioned which fits into our timeline”, stated Edun.
Conducting the visitors round the project site, the Chief Executive Officer (CEO) of Duport Midstream Company Limited, Dr. Akintoye Akindele said the park has the capacity of 10,000 bpd modular refiner, 60 million scf gas processing plant, 10 million scf compressed natural gas plant, 30,000 MT refined product terminal as well as a 20MW embedded power plant.
Dr. Akindele described the project as first of its kind in the world, comprises of Tier IV data centre which he said was expected to create over 1,500 jobs.
He said the project also boasts of over 70 per cent local content with over 95 per cent of workforce as Nigerians adding that the initiative was part of FCMB’s commitment towards supporting indigenous businesses in the country.
He commended the FCMB for its confidence in Duport Energy Park and for coming as early financier and the services provided throughout the development of the project.
He however expressed optimism that the project when completed will have significant impact in the lives of the host community and Nigeria at large.
