Bresson AS Nigeria Limited, a privately owned Nigerian company and one of the pioneer licensed independent power producers (IPPs) in the country, has broken ground for its first power plant situated in Magboro, Ogun State.
The power plant will generate 90 megawatts (MW) to boost power generation and supply in Nigeria, and the company hopes to bring the plant configured on 2GE LM 6000 to commissioning in 2015. The plant is designed for supply of power to the national grid while an additional 20MW project, a joint project between Bresson and Aggreko is designed to serve the immediate neighbourhood of Magboro as an embedded generation option.
The company said it had secured financing as well as gas supply for the 90MW plant. When the project is completed it would be linked to the national grid.
Gbenga Olawepo, chairman, Bresson AS Nigeria, at the ground-breaking at the weekend, said: “Ten years ago, we conceived this project, and we have spent $10 million in those years without return. Within the next 12 months, the president will come to commission at least one unit of the plant. The community is already benefiting in terms of jobs and will benefit more. We already have a lot of customers who want to take 2MW to 3MW. There is a strong commitment by the Federal Government to the power sector.”
Also speaking at the event, Chinedu Nebo, minister of power, who lauded the efforts by the company, said the 90MW project WAs very important. “It is very important to realise that power generation, transmission and distribution are the fulcrum of national development. Qualitative power supply is very cardinal to the mandate of President Goodluck Jonathan. It is a contract we have with Nigerians and we are ready to enforce it. This power plant will change this area. Once it is completed, the community will improve. There will be more jobs and industrial growth. Power supply drives industrial growth,” he said.
Stressing the need for access to electricity in the country, Ibikunle Amosu, governor of Ogun State, who was represented by Taiwo Fagbemi, his special adviser on energy, said it was only a long-distance runner that can embark on investment on energy infrastructure.
Bresson AS is principally engaged in the business of acquiring, developing, owning, and operating independent power generating facilities. The company, founded April 2005, recently concluded plans with emergency power conglomerate Aggreko to bolster Nigeria electricity market with 250MW of electricity within the next nine months.
[BusinessDay]
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Bresson AS Nigeria, energy project, Magboro Power Plant, power project
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