IBEDC, Bresson sign N180b Magboro power plant  purchase agreement 

The first phase of Magboro Power Plant, kicked off on  Monday, October 28,  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 (IBEDC).

As a result of the collaboration, customers around Magboro, Mowe are expected within the next 11 months to  benefit from 24 hours uninterrupted electricity supply  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.

The Acting Managing Director of IBEDC, Engr. Francis Agoha, in his remarks, emphasized that the 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.

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

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