Lafarge, Dangote, Cadbury to Help Boost Power Output

Lafarge Cement WAPCO Nigeria Plc has offered to sell about 40 megawatts of excess electricity it generated to help ease the nation’s power shortages.

The General Manager, business transformation of Lafarge, Michael Awanayah who said this at the West African Power Industry Convention in Lagos, maintained that country’s second-biggest cement maker, which is 60 percent owned by Paris-based Lafarge SA, uses only 40 to 50 megawatts out of 90 megawatts generated by its local power plant.

Electricity demand is almost double the supply of about 4,000 megawatts in Nigeria, forcing manufacturers to build their own plants to meet their electricity needs.

Lagos-based Dangote Group, Nigeria’s biggest cement producer, and chocolate-maker Cadbury Nigeria Plc are also considering selling excess power, he said at the WAPIC conference.

The Federal Government handed control of 14 former state-owned power utilities to new investors on September 30, in a bid to boost its output fivefold to 20,000 megawatts by 2016.

Lafarge will be selling power to state-owned Nigerian Bulk Electricity Trading Plc, which serves as a clearing house between power producers and distributors, Awanayah said.


About Author

This is BizWatchNigeria. Nigeria's first online business Newspaper.

Comment here

This site uses Akismet to reduce spam. Learn how your comment data is processed.