Bresson to Add 500 megawatts to National Grid

Posted by African Examiner Business News, Featured, Latest Headlines Thursday, March 10th, 2016

BALTIMORE, MD (AFRICAN EXAMINER) – The Federal Government’s efforts to increase power generation capacity has received a boost as Bresson Nigeria Limited is set to add 500 megawats to the national grid by 2017.

The good news was unveiled today at the State House during a courtesy call on Vice President Yemi Osibajo by a team of Bresson Nigeria Limited led by its chairman,Mr Gbenga Olawepo – Hashim.

The Vice President told the team of investors that the administration is committed to remove all bottlenecks hindering investor’s in the power sector ,commending Bresson for the integrated nature of its power projects developing a model of fuel sufficiency by also investing in Gas Production.

While assuring that the administration is working to ensure regular supply of gas to the power plants and efforts are on to attract investment into this sector he said Bresson integrated model in power generation is a good model”.We shall support you and other genuine investors with recognisable foot print but we shall monitor you closely to ensure you adhere to your schedule” ,he said.

Olawepo while briefing the Vice President said the megawatts to be generated will come from Bresson Initiative and its Magbro power plant in Ogun state.

He said the capacity which will be available in phase 1 from second quarter of 2017 will represent 10 percent of the current available national capacity.

Olawepo praised the administration for removing bottlenecks associated with signing of power purchase agreements ,informing the Vice President that the Minister of Power approved the agreements without delay and without waiting to be lobbied .

Describing the new style as commendable,Olawepo noted that the new development will attract more investors and fast track the administration efforts to provide adequate power supply to the citizenry.

Mr Peter Holasek,the High Commissioner of Slovakia ,the country where Bresson technical partners hail from, assured the Vice president of the readiness of his country to support Nigeria in the power sector.

He described his country as a small nation but with huge technical capacity which he said Nigeria can tap to address her technological needs.

Other members of Bresson’s team are Peter Holasek, Ambassador of Slovakia;Alberto Barsotti, General Electric Global Sales Director, Gas Power Systems;Jozef Barat, General Director, Victoria Energy; Mohammed Mijindadi, General Electric Managing Director, Gas Power Systems;
Longinus Okereke, General Electric Sales Leader, West Africa and Central Africa, Gas Power ; Peter Hertog, Director Bresson, Chairman Thomssen LLC; Mr. Kamal Adebayo, Director Bresson and Prince S.J Samuel, Bresson in-country representative.