The Federal Government of
Nigeria has signed a N144bn
Memorandum of Understanding
with a Brazilian-based company,
Benco Energy Limited to construct
a 700 megawatts power plant in
the country.
The construction of the energy
plant, which will be situated in
Bayelsa State, is expected to last
for a period of three years.
The President, Benco Energy
Limited, Brazil, Mr. Rodrigo
Badew, Friday said the plant will
be gas and vapour fired.
According to him, “It is a 700MW
plant although it can reduce to
688MW because this depends on
location and environmental
conditions. The investment is
around $800 to $900m.
“Of course all these will be
confirmed as soon as we have all
the necessary investigations and
have them more defined. The
time schedule is supposed to be
around three and half years for
the construction of the project.
“The location is Bayelsa because it
is a terrain which is close to gas
supply, transmission line and a
river. So we have all the right
infrastructure that we need there
and this location is perfect for our
investment”.
According to Badew, the power
plant would basically consist of
two turbines that run on gas and
two others that will run on
vapour.
“That is the power module of the
plant that we are going to be
implementing”, he added.
Reacting after the signing of the
MoU, the Minister of Power,
Prof. Chinedu Nebo, said a couple
of years ago, Electrobras of Brazil
and the Nigerian government
signed an MoU, which was aimed
at bringing into Nigeria
Electrobras to help the country
develop as much as 10,000MW of
power
He said, “What we are seeing
today is the very first takeoff of
the implementation of that MoU
bringing Benco to work with the
Federal Ministry of Power for
their plant. We want to assure
Benco that the terms of the MoU
that we have signed today, we
will do our best to implement
them”, he said.
The minister also noted that
Nigeria now generates and
distributes an average of
4,500MW of power.
He said, “I am very sure that
some of you, if not all of you,
would have noticed that within
the past few weeks, we have
averaged about 4,500MW of
power delivery and it has been
stable.
“And that means that most of you
are now getting better power
supply than you have had in the
recent past. Gas is now coming in
and we are expecting even a lot
more of gas. The transmission
facilities are being beefed up to
strengthen and make more
reliable and stable the national
grid to be able to wheel out
more power”, he added.The Federal Government of
Nigeria has signed a N144bn
Memorandum of Understanding
with a Brazilian-based company,
Benco Energy Limited to construct
a 700 megawatts power plant in
the country.
The construction of the energy
plant, which will be situated in
Bayelsa State, is expected to last
for a period of three years.
The President, Benco Energy
Limited, Brazil, Mr. Rodrigo
Badew, Friday said the plant will
be gas and vapour fired.
According to him, “It is a 700MW
plant although it can reduce to
688MW because this depends on
location and environmental
conditions. The investment is
around $800 to $900m.
“Of course all these will be
confirmed as soon as we have all
the necessary investigations and
have them more defined. The
time schedule is supposed to be
around three and half years for
the construction of the project.
“The location is Bayelsa because it
is a terrain which is close to gas
supply, transmission line and a
river. So we have all the right
infrastructure that we need there
and this location is perfect for our
investment”.
According to Badew, the power
plant would basically consist of
two turbines that run on gas and
two others that will run on
vapour.
“That is the power module of the
plant that we are going to be
implementing”, he added.
Reacting after the signing of the
MoU, the Minister of Power,
Prof. Chinedu Nebo, said a couple
of years ago, Electrobras of Brazil
and the Nigerian government
signed an MoU, which was aimed
at bringing into Nigeria
Electrobras to help the country
develop as much as 10,000MW of
power
He said, “What we are seeing
today is the very first takeoff of
the implementation of that MoU
bringing Benco to work with the
Federal Ministry of Power for
their plant. We want to assure
Benco that the terms of the MoU
that we have signed today, we
will do our best to implement
them”, he said.
The minister also noted that
Nigeria now generates and
distributes an average of
4,500MW of power.
He said, “I am very sure that
some of you, if not all of you,
would have noticed that within
the past few weeks, we have
averaged about 4,500MW of
power delivery and it has been
stable.
“And that means that most of you
are now getting better power
supply than you have had in the
recent past. Gas is now coming in
and we are expecting even a lot
more of gas. The transmission
facilities are being beefed up to
strengthen and make more
reliable and stable the national
grid to be able to wheel out
more power”, he added.The Federal Government of
Nigeria has signed a N144bn
Memorandum of Understanding
with a Brazilian-based company,
Benco Energy Limited to construct
a 700 megawatts power plant in
the country.
The construction of the energy
plant, which will be situated in
Bayelsa State, is expected to last
for a period of three years.
The President, Benco Energy
Limited, Brazil, Mr. Rodrigo
Badew, Friday said the plant will
be gas and vapour fired.
According to him, “It is a 700MW
plant although it can reduce to
688MW because this depends on
location and environmental
conditions. The investment is
around $800 to $900m.
“Of course all these will be
confirmed as soon as we have all
the necessary investigations and
have them more defined. The
time schedule is supposed to be
around three and half years for
the construction of the project.
“The location is Bayelsa because it
is a terrain which is close to gas
supply, transmission line and a
river. So we have all the right
infrastructure that we need there
and this location is perfect for our
investment”.
According to Badew, the power
plant would basically consist of
two turbines that run on gas and
two others that will run on
vapour.
“That is the power module of the
plant that we are going to be
implementing”, he added.
Reacting after the signing of the
MoU, the Minister of Power,
Prof. Chinedu Nebo, said a couple
of years ago, Electrobras of Brazil
and the Nigerian government
signed an MoU, which was aimed
at bringing into Nigeria
Electrobras to help the country
develop as much as 10,000MW of
power
He said, “What we are seeing
today is the very first takeoff of
the implementation of that MoU
bringing Benco to work with the
Federal Ministry of Power for
their plant. We want to assure
Benco that the terms of the MoU
that we have signed today, we
will do our best to implement
them”, he said.
The minister also noted that
Nigeria now generates and
distributes an average of
4,500MW of power.
He said, “I am very sure that
some of you, if not all of you,
would have noticed that within
the past few weeks, we have
averaged about 4,500MW of
power delivery and it has been
stable.
“And that means that most of you
are now getting better power
supply than you have had in the
recent past. Gas is now coming in
and we are expecting even a lot
more of gas. The transmission
facilities are being beefed up to
strengthen and make more
reliable and stable the national
grid to be able to wheel out
more power”, he added.