• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, August 6, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Bresson N180bn Magboro Power Plant Kicks Off, Signs Purchase Agreement With IBEDC

by Chika Izuora
9 months ago
in Business
bresson
Share on WhatsAppShare on FacebookShare on XTelegram

The first phase of Magboro Power Plant kicked off on Monday  with the official signing and unveiling of the 30 megawatts (MW) Power purchase agreement between Bresson A S, Magboro  Power Company and Ibadan Distribution Company.

Advertisement

With this agreement, the premium customers around Magboro, Mowe are expected within 11 months to  benefit from 24 hours uninterrupted electricity supply as a result of collaboration between  Bresson and Ibadan Electricity Distribution Company at a price below current  band A charges, Magboro senior media/communication adviser, Oluwasegun Abifarin said in a statement.

The Magboro plant designed as a 90 MW plant is expected to receive its first shipment of Titan 130 Solar Turbine by the end of April 2025.

In his remarks, acting managing director of IBEDC, Engr. Francis Agoha, emphasised that this partnership aligns with 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.

RELATED

Nigeria’s Capital Import Nosedives, Drops 51% In Q4

Consumers Paid N21,010 For 12.5kg Cooking Gas In June – NBS

9 hours ago
Northern Democrats Set Up C’ttee To Review Tinubu’s Tax Reform Bills

Insurers To Recapitalise as Tinubu Signs Insurance Reform Bill Into Law

9 hours ago

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

Also speaking, chairman and chief executive of Bresson,  A S, Dr. Gbenga Hashim stated that he is grateful to God that the journey to build the Magboro Power plant which started about 20 years ago is coming to fruition.

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

Dignitaries present at the event included Austin Avuru, pioneer managing director of Seplat Petroleum; traditional ruler of Magboro, Oba Adio Ademuyiwa; the SA Energy to Ogun State governor; Jide Onakoya; bankers, Moli Mitchelli, director of Bresson, Vincent Gueneau, stockbrokers and other captains and industries.

The others included the staff and management of Bresson and IBEDC.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: BressonMagboro Power Plant
SendShareTweetShare
Previous Post

Cost Of Healthy Diet Hits N1,346 In September

Next Post

Forex, Naira Float Shrink Local Airlines’ Capacity By 42%

Chika Izuora

Chika Izuora

You May Like

Nigeria’s Capital Import Nosedives, Drops 51% In Q4
Business

Consumers Paid N21,010 For 12.5kg Cooking Gas In June – NBS

2025/08/06
Northern Democrats Set Up C’ttee To Review Tinubu’s Tax Reform Bills
Business

Insurers To Recapitalise as Tinubu Signs Insurance Reform Bill Into Law

2025/08/06
Despite NEITI’s $1.9bn Under-remittance Claim, Federal Govt Owes NNPCL $9.74bn Fuel Subsidy Debt
Business

FG Pledges To Strengthen Trade Ties With US

2025/08/06
Equities Market Rebounds By N95bn Gain
Business

Equities Market Extends Winning Streak, Gains N458bn

2025/08/06
Non-Resident Registration Pushes BVN Enrollments to 66.2m In July
Business

Non-Resident Registration Pushes BVN Enrollments to 66.2m In July

2025/08/06
First Holdco to Sell RC Investment Stake
Business

First Holdco to Sell RC Investment Stake

2025/08/06
Leadership Conference advertisement

LATEST

Tinubu Orders Free Healthcare, Pension Hike For Low-income Retirees

No Nation Can Make Meaningful Progress Without Reliable Data — NPC

BBNaija10: Drama As Big Soso Fights Ivatar For Age-shaming Joanna

ValueJet Breaks Silence After NCAA Suspended 2 Pilots Over Abuja Incident

Aviation Workers Protest Plan To Concession Port Harcourt Airport

Diddy Seeks Trump’s Pardon Ahead Of October Sentencing — Lawyer

EFCC Arrests 14 Cyber Criminals In Akwa Ibom

1 Dies In Edo Cult Initiation Ritual

Invest In Cross River, Gov Otu Charges Diasporans

Tinubu Congratulates Nafisa, Rukayya, Hadiza on Global Education Triumph

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.