Bresson AS Energy Boss Calls for More Investment in Nigeria’s Power Sector

power sector

Chairman of Bresson AS Energy, Mr. Gbenga Olawepo has called for more investment, especially by the private sector, in Nigeria’s power sector.

Speaking at the groundbreaking ceremony of the 90MW Magboro power plant being built by his firm, the industry captain highlighted the importance of adequate power supply in the evolution and sustenance of any economy.

According to him “Nigeria has emerged as the largest economy on the African continent. The implication of this is that the economy needs no interruption in terms of growth, to enable the system reap from multipliers and a continued stimulation. An uninterrupted power supply is the key, and besides the government, the private sector also has to be active.”

Revealing that about $10 million has been spent on the Magboro power plant, he said, “The ultimate goal of the firm is to deliver affordable, cleaner and efficient energy using environmentally friendly technologies tailored to meet the needs of our customers and help our people to become energy sufficient.”

He said Bresson AS is committed to making power outage a thing of the past, to improve the quality of life across all sectors of the economy and to reduce poverty by making available the needed energy for growth and development.

“Our aim as an energy producing company is to help our people live better lives,” he added.

Founded in 2005, Bresson AS is building the Magboro 90MW power plant at the Lagos corridor, in Ogun State. The power plant will generate energy to boost power generation in the country.

The company also hopes to bring the Magboro plant configured on 2GE 600 to commissioning in year 2015. The Magboro plant is designed for supply of power to the National grid, while an additional 20mw project, a joint project between Bresson and Aggreko is designed to serve the immediate neighbourhood of Magboro as an embedded generation option.

At the ground breaking event were the Minister of Power, Professor Chinedu Nebo; Permanent secretary Federal Ministry of power, Ambassador Igali; the General Electric leader for Distributed Power sub Saharan Africa, Mr. George Njenga; Istronegro Group Director, Mr. Egon Zorad; Special Adviser Energy Ogun state, Chief Taiwo Fagbemi, who represented the state governor; Representative of IEG, Slovakia, Bank Executives, Executives in the Energy sector and a host of other dignitaries.

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