₦airaland Forum

The first phase of Magboro Power Plant Kicked off Monday 28th October 2024 with official signing and unveiling of the 30 MW Power purchase agreement between Bresson A S, Magboro Power Company and Ibadan Distribution Company.

Premium customers around Magboro, Mowe are expected within 11months to benefit from 24hours uninterrupted electricity supply as a result of collaboration between Bresson and Ibadan Electricity Distribution Company at a price below current band A charges.

The Magboro plant designed as a 90 MW plant is expected to receive its first shipment of Titan 130 Solar Turbine by the end of April 2025.

In his remarks, Engr. Francis Agoha, the Acting Managing Director of IBEDC, emphasised that the partnership aligns with the company’s strategic goal of improving customer energy availability.

“This agreement marks a significant milestone in our continuous efforts to ensure consistent and affordable power for the Magboro community and beyond.

“We are committed to forging partnerships that foster progress and deliver lasting solutions to the power challenges faced by communities within our network,” he stated.

EmperorCaesar:


Investors now troop in en masse

They must have been seeing something right

Seems Bloomberg reports is true

Nice one

Mynd44:
If you remove subsidy and prices go up, private hands will know that they can make profits and their investments won't go to waste.

Fatbam005:
Another white elephant projects..

Islie:
Bresson’s N180bn Magboro power plant kicks off, signs power purchase agreement with IBEDC




https://tribuneonlineng.com/bressons-n180bn-magboro-power-plant-kicks-off-signs-power-purchase-agreement-with-ibedc/

EmperorCaesar:
[s]Investors now troop in en masse
They must have been seeing something right[/s]

Seems Bloomberg reports is true

Nice one

Fatbam005:
Another white elephant projects..

iwaeda:
Hope they will be efficient like Redeem power generation system, but anything Ogun.

INTEGRITYA1:
Waooo

Premium customers around Magboro, Mowe are expected within 11months to benefit from 24hours uninterrupted electricity supply as a result of collaboration between Bresson and Ibadan Electricity Distribution Company at a price below current band A charges.

ObiORBiafra:
As an Igbo man. I envy SW a lot.

They are moving too fast.

Fatbam005:
Another white elephant projects..

bestman09:
This project started during Jonathan's government in 2014. It was not attracted by this failed emilokan government.

Power plants are not built in a year.

This is the business people with foresight should venture into.