Global Energy To Support Bresson’s 500mw Plant In Ogun State

Global Energy To Support Bresson’s 500mw Plant

By Jonathan Nda-Isaiah

The Global Energy giant, General Electric, has thrown its weight behind Bresson AS plans to provide 500megawatts of electricity to the national grid by next year.

The managing director of Gaspower Systems, Mr Mohammed Mijindadi who disclosed this over the weekend at Bresson AS working visit to Vice-President Yemi Osinbajo, added that the project has become a priority.

“The project has tremendous economic value, and that is why GE Capital is involved in structuring finances for Bresson 500mw project”, Mijindadi stated.

Bresson Nigeria Limited chairman, Mr Gbenga Olawepo-Hashim had earlier assured the Vice President that the megawatts to be generated would come from Bresson Flexible Power 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 per cent of the current available national capacity.

Olawepo-Hashim commended the administration for removing bottlenecks associated with signing of power purchase agreements, informing the Vice President that the minister of Power approved the agreements without delay and without waiting to be lobbied.

Describing the new style as commendable, Olawepo-Hashim noted that the new development will attract more investors and fast track the administration efforts to provide adequate power supply to the citizenry.

The vice president told the team of investors that the administration is committed to remove all bottlenecks hindering investor’s in the power sector, commending Bresson for the integrated nature of its power projects developing 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 this sector, he said Bresson integrated model in power generation is a good model. “We shall support you and other genuine investors with recognizable foot print’ he said.

Mr Peter Holasek, the High Commissioner of Slovakia, the country