The Management of Ibadan Electricity Distribution Company (IBEDC) has entered a multibillion naira bilateral relationship with Bresson to improve power supply within Magboro and Mowe communities in Ogun state.
The event started on Monday 28th October with the official signing and unveiling of the 30 MW Power purchase agreement between Bresson A S, Magboro Power Company and Ibadan Electricity Distribution Company.
IBEDC further stated that customers around Magboro, Mowe are expected within 11 months to benefit from 24hours uninterrupted electricity supply because 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 the partnership aligns with the federal government’s target of 6000 MegaWatts power projection for 2024 and the company’s strategic goal of improving customer energy availability.
He 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.”
He added that Magboro Power Company Limited, a respected independent power developer will play a crucial role in proffering solutions to unstable power challenges in the area.
Packaged by Dare Raji
