Lafarge Africa’s 220-MW Plant Will Take-Off in October

• Lafarge Africa Plc says its newly constructed 220-Mega Watts power plant at Ewekoro, Ogun State, will commence operation in October.
• The company, in a statement, said the project worth $400m (N78.8bn) was executed in partnership with the International Finance Corporation and Wartsila.
• It added that the IFC would provide financial and advisory services for the project through InfraVentures, its Global Infrastructure Project Development Fund, while Wartsila would build and manage the power plant.
• It expressed the hope that the project would enhance 1.4 million households’ access to electricity and help mitigate energy problems of many firms in the country.
• The firm said power project remained one of the company’s contributions toward providing an enabling environment for new investments and the nation’s economic growth.
• NAN reports that the Nigerian Electricity Regulatory Commission licensed embedded power companies to boost electricity supply in the country.
• Embedded power companies are not primarily power generating companies, but they generate extra power from their operations and sell the surplus to the national grid or the distribution companies.

Source: NAN