NNPC group managing director Andrew Yakubu said that the MOU would give PHRC a new lease of life and curb unstable power supply to the facility.
"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 situation would further improve and impact positively on the product output of the PHRC," Yakubu added.
Yakubu has assured the federal government of its readiness to meet the ambitious target given to the corporation in the petroleum sector.
In addition, Yakubu expressed optimism that this new model with the firm will help the corporation re-evaluate how to address power and utility challenges to the oil installations of the NNPC.
Genesis Electricity chief executive Akinwole Omoboriowo assured that his company will deploy the power technology to PHRC and provide qualitative electric power supply to the plant.
