AKINWALE ABOLUWADE
The first phase of Magboro Power Plant has kicked off 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.
Resulting from the collaboration between Bresson and IBEDC, customers around Magboro and Mowe are expected, within 11 months, to benefit from 24hours uninterrupted electricity at competitive rates.
The Magboro Plant, a 90 MW facility, is expected to receive its first shipment of Titan 170 Solar Turbine by the end of April 2025.
Engr. Francis Agoha, acting Managing Director of IBEDC, said that the latest partnership in the sector aligns with the Federal Government’s target of 6,000 Mega Watts power projection for 2024 and the company’s strategic goal of improving customer energy availability.
Agoha said, “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.”
It was announced that Magboro Power Company Limited has a role in the initiative.
