- MESL signs MoU with Chinese firm
- To add up to 300MW to the national grid
Mainstream Energy Solutions Limited (MESL) has signed a Memorandum of Understanding (MoU) with China Power Huadong Engineering Corporation Limited for the rehabilitation of Unit 1G9, as well as installation of Units 1G3 and 1G4 at Kainji Hydropower Plant (“HPP”).
“Since the commencement of operations, we have recovered a total 542MW from both Kainji & Jebba HPPs. Following the recent completion of the recovery of Kainji Unit 1G7, which will add 80MW to the National Grid, bringing our total available capacity to 1002MW and counting, with MESL making a total investment of approximately $62 million made in our capacity recovery to date. This is in addition to the $68 million to be spent on ongoing projects at Jebba Hydropower Plant for the overhaul of Unit 2G5 & recovery of Unit 2G6, which will put an additional 192.8MW to the grid.” the MD/CEO, MESL Engr. Lamu Audu stated.
“With the execution of the contract of the recovery of Kainji Unit 1G9 and installation of Units 1G3 & 1G4, the company will also invest over $108 million, bringing total combined investments of approximately $240 million committed to our Capacity Recovery & Expansion Programme to date,” Audu said.
“I would like to use this opportunity to extend special appreciation to the regulators and other stakeholders present here today. We will continue to partner with you in our bid to drive progressive change in the Nigerian Electricity Supply Industry. I would also like to thank our contractors Power China, for your professionalism in bringing this transaction to a mutually beneficial close,” Audu added.