Signing of the 180Bn naira Magboro Power plant Purchase Agreement.

The first phase of Magboro Power Plant Kicked of  Monday 28th October 2024  with official signing and unveiling of the 30 MW Power purchase agreement between Bresson A S, Magboro  Power Company and Ibadan Electricity Distribution Company.

C ustomers around Magboro, Mowe are expected within 11 months to  benefit from 24hours uninterrupted electricity supply as a result of the  collaboration between  Bresson and IBEDC

at competitive rates.

The Magboro plant designed as a 90 MW plant is expected to receive its first shipment of Titan 170 Solar Turbine by the end of April 2025.

In his remarks, Engr. Francis Agoha, the Acting Managing Director of IBEDC, emphasized that this partnership aligns with the federal government’s target of 6000 Mega Watts power projection  for 2024 and the company’s strategic goal of improving customer energy availability.

“This agreement marks a significant milestone in our continuous efforts to ensure consistent and affordable power for the Magboro community and beyond,” he stated.

“We are committed to forging partnerships that foster progress and deliver lasting solutions to the power challenges faced by communities within our network.”

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