BRESSON ONE HUNDRED AND EIGHTY BILLION NAIRA MAGBORO POWER PLANT KICKS OFF, SIGNS POWER PURCHASE AGREEMENT WITH IBEDC.

By Olayiwola Ibrahim // With the official signing and unveiling of the 30 MW Power purchase agreement between Bresson A S, Magboro Power Company and Ibadan Distribution Company, the first phase of Magboro Power Plant has licked off today Monday 28th, October 2024.

As a result of the collaboration between Bresson and Ibadan Electricity Distribution Company at a price below current band A charges, Premium customers around Magboro, Mowe are expected withing 11months to benefit from 24hours uninterrupted electricity supply.

The Magboro plant designed as a 90 Mega Watt plant is expected to receive its first shipment of Titan 130 Solar Turbine by the end of April 2025.

Engr. Francis Agoha, the Acting Managing Director of IBEDC, emphasized that this partnership aligns with the company’s strategic goal of improving customer energy availability.

He said that this agreement marks a significant milestone in our continuous efforts to ensure consistent and affordable power for the Magboro community and beyond.

Speaking furtherly on the power plant, Francis said the company is committed to forging partnerships that foster progress and deliver lasting solutions to the power challenges faced by communities within our network.

In his own remark the Chairman and Chief Executive of Bresson, A S, Dr. Gbenga Hashim stated that he is grateful to God that the journey to build the Magboro Power plant which started about 20 years ago his coming to fruition.

Magboro Power Company Limited, a respected independent power developer will play a crucial role in this initiative.

Dignitaries present at the event included Mr Austin Avuru, pioneer Managing Director of Seplat Petroleum; Traditional Ruler of Magboro, His Royal Highness Oba Adio Ademuyiwa, the SA Energy to Ogun State Governor, Jide Onakoya, Bankers, Mr Moli Mitchelli, Director of Bresson Mr Vincent Gueneau, Stock brothers and other captains and industries.

The others included the staff and management of Bresson and IBEDC.