The Managing Director of Gaspower Systems, Mr. Mohammed Mijindadi has revealed that global energy giant, General Electric would provide support for Bresson AS’ plans to provide 500megawatts of electricity to the national grid by next year.
“The project has tremendous economic value, and that is why GE Capital is involved in structuring finances for Bresson 500mw project.”
Chairman, Bresson Nigeria Limited, Mr. Gbenga Olawepo-Hashim had assured that the megawatts to be generated would come from Bresson Initiative and its Magboro power plant in Ogun state. He said the capacity, which will be available in phase 1 from second quarter of 2017, would represent 10 percent of the current available national capacity.
He, however, lauded the present administration for removing bottlenecks associated with signing of power purchase agreements, noting that the Minister of Power had approved the agreements without delay and without waiting to be lobbied.
Olawepo-Hashim noted that the new development will attract more investors and fast track the administration’s efforts to provide adequate power supply to the citizenry.
