Nigeria dwindling power sector may soon make a significant improvement as investors have shown interest in helping boost power generation in the country.
The Federal Government’s efforts to increase power generation capacity has recieved a boost as Bresson Nigeria Limited is set to add 500 megawats to the national grid by 2017. This was announced on Thursday at the State House during a visit to the Vice President Yemi Osibajo by a team of Bresson Nigeria Limited led by its chairman, Gbenga Olawepo - Hashim.
According to the TRIBUNE, Osibajo told the team of investors that the administration was committed to removing 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 was working to ensure regular supply of gas to the power plants, saying efforts were on to attract investment into this sector, Osibajo said Bresson integrated model in power generation was 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.
Olawepo, while briefing the Vice President said the megawatts to be generated will come from Bresson Initiative and its Magbro power plant in Ogun State, said the capacity which would be available in phase one from second quarter of 2017 would represent 10 per cent of the current available national capacity.
Peter Holasek, the High Commissioner of Slovakia, the country where Bresson technical partners hail from, assured the Vice President of the readiness of his country to support Nigeria in the power sector.