The first phase of Magboro Power Plant Kicked off on Monday with the official signing and unveiling of the 30 MW Power purchase agreement between Bresson A S, Magboro Power Company, and Ibadan Electricity Distribution Company.
Customers around Magboro, Mowe are expected within 11 months to benefit from 24 hours uninterrupted electricity supply as a result of the collaboration between Bresson and IBEDC at competitive rates.
The Magboro plant designed as a 90 MW plant is expected to receive its first shipment of Titan 170 Solar Turbine by the end of April 2025.
In his remarks, Engr. Francis Agoha, the Acting Managing Director of IBEDC, emphasized that this partnership aligns with the federal government’s target of 6000 MW power projection for 2024 and 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,” he stated.
ALSO READS:
- Court jails run-away Ex-Power Minister 75 Years for N33.8bn fraud
- Oil hits $108 as US-Iran peace deal fails
- NEMSA, NDPHC Deepen Partnership to Raise Standards in Nigeria’s Power Infrastructure
- $400m Valuation Gap Puts Pipeline Deal Under Fresh Scrutiny
- NISO restates commitment to Nigeria’s electricity market
“We are committed to forging partnerships that foster progress and deliver lasting solutions to the power challenges faced by communities within our network.”
Magboro Power Company Limited, a respected independent power developer, will play a crucial role in this initiative.
