Home Business NCDMB, NLNG to sign $1bn train 7 Nigerian content plan

NCDMB, NLNG to sign $1bn train 7 Nigerian content plan

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The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria LNG Limited (NLNG) will tomorrow, Friday in Abuja sign the Nigerian Content Plan (NCP) for NLNG’s Train 7 project, estimated to cost $1bn.

The Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote and the Managing Director of NLNG, Engr. Tony Attah met at the Board’s headquarters in Yenagoa, Bayelsa State on Thursday and finalised arrangements for the signing ceremony.

The Train 7 project is expected to ramp up NLNG’s production capacity by 35 percent from 22 Million Tonnes Per Annum (MTPA) to 30 MTPA.

A statement from the NCDMB said the Nigerian Content Plan sets out the work scopes to be executed in-country in each project, based on the provisions of the Nigerian Content Act and existing capacities. The document would form the operating guide for project execution and monitoring.

It would also aid the maximization of Nigerian content deliverables in the project, by giving first consideration to indigenous goods, services and human resources, as well as opportunities to Nigerian companies.

Under the Nigerian Content Plan for Train 7, the NCDMB introduced a provision that would ensure that a lead EPC bidder that has built capacity in-country is not disadvantaged with regards to cost.

The overall scope of work on the Train 7 project includes in country and out of country work.

They are “design, engineering, procurement, expediting, transportation, management, construction, installation, pre-commissioning and start up support and acceptance testing of an expansion to the existing NLNG facility. “

The timely finalisation of the NCP is a key outcome of the Service Level Agreement (SLA) the Board signed with the NLNG in May 2017.

The SLA committed the two organisations to timely approvals and compliance with the Nigerian Content Act.

The scheduled signing of the NCP is expected to enable timely execution of other activities that would culminate to the planned issuing of tenders in Quarter 3 of 2019.

NIPC INTELLIGENCE

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