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NEWSLETTERPOWER & ENERGY

Private Firm to Boost Power Supply with 500Megawatts

Power generation in Nigeria has received a boost as Bresson Nigeria Limited is set to add 500 megawats (Mw) to the national grid in 2017.

Speaking on Thursday, March 10, during a courtesy call on Vice President Yemi Osibajo told the investors that the administration is committed to removing all bottlenecks hindering investors in the power sector.

He lauded Bresson for the integrated nature of its power projects, a model of fuel sufficiency by also investing in gas production.

While assuring that the administration is working to ensure regular supply of gas to the power plants and efforts are on to attract investment into the sector, he said Bresson integrated model in power generation is a good model. ’’We shall support you and other genuine investors with recognisable foot print but we shall monitor you closely to ensure you adhere to your schedule,’’ he said

Chairman of the firm, Gbenga Olawepo-Hasim, while briefing the Vice President said the megawatts to be generated will come from Bresson Initiative and its Magboro power plant in Ogun State.

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