- IBEDC and Bresson have signed a N180 billion Magboro power plant purchase agreement
- With the agreement, residents of Magboro, Mowe and the environs will enjoy a 24-hour electricity supply within 11 months
- The agreement is to further drive the achievement of the 6,000MW of electricity target of the Federal Government
The Ibadan Electricity Distribution Company (IBEDC) and Bresson AS have signed the N180 billion Magboro power plant purchase agreement.
The first phase of the purchase kicked off on Monday, October 28, with the official signing and unveiling of the 30 Megawatts (MW) power purchase agreement between Bresson AS, Magboro Power Company and IBEDC.
According to a press statement seen by TheRadar, customers around Magboro, Mowe will start enjoying 24 hours of uninterrupted electricity supply within 11 months as a result of the collaboration between Bresson and IBEDC at competitive rates.
The statement added that the Magboro plant, designed as a 90 MW plant, is expected to receive its first Titan 170 Solar Turbine shipment by the end of April 2025.
In his remarks, the acting Managing Director of IBEDC, Engr Francis Agoha, emphasised that the partnership aligns with the Federal Government’s target of 6,000 Megawatts power projection for 2024 and the company’s strategic goal of improving customer energy availability.
Agoha said, “This agreement marks a significant milestone in our continuous efforts to ensure consistent and affordable power for the Magboro community and beyond.
“We are committed to forging partnerships that foster progress and deliver lasting solutions to the power challenges faced by communities within our network.”
The statement added that Magboro Power Company Limited, a respected independent power developer, will play a crucial role in the initiative.
Band A customers to pay extra N2.70 as DisCos increase electricity tariff
Meanwhile, TheRadar reported that Band A customers of electricity distribution companies (DisCos) will have to pay an extra N2.70 per kilowatt-hour (kWh) following an announcement of an increase in electricity tariff.
The DisCos, which include Ibadan Electricity Distribution Company (IBEDC) Plc, Kaduna DisCo, and Port Harcourt Electricity Distribution Company (PHED), said the tariff has been adjusted from N206.80/kWh to N209.50/kWh effective July 1.
