- The Magboro Power Plant launched its first phase on October 28, 2024, with a 30 MW power purchase agreement to provide 24-hour electricity to Magboro and Mowe within 11 months.
- The plant, designed for 90 MW capacity, will receive its first shipment of Titan 130 Solar Turbines by April 2025, promising residents an affordable and reliable energy supply.
The first phase of the Magboro Power Plant officially launched on Monday, October 28, 2024, with the signing and unveiling of a 30 MW power purchase agreement between Bresson A.S., Magboro Power Company, and the Ibadan Electricity Distribution Company (IBEDC). This partnership marks a significant step toward enhancing electricity supply in the region.
Under this agreement, premium customers in Magboro, Mowe, and surrounding areas can anticipate receiving 24 hours of uninterrupted power supply within the next 11 months. The collaboration aims to provide reliable electricity at rates lower than the current Band A charges, offering a welcome relief to nearby residents and businesses.
The Magboro Power Plant is designed to produce 90 MW of power eventually. As part of its development, the plant is set to receive its first shipment of Titan 130 Solar Turbines by the end of April 2025. This advanced technology is expected to increase the plant’s efficiency and sustainability.
The initiative is part of a broader effort to improve energy access and reliability in Nigeria, where power shortages have long hindered economic growth and development. By leveraging solar technology, the Magboro Power Plant aims to reduce reliance on traditional fossil fuels and contribute to a more sustainable energy future.
Stakeholders involved in the project expressed optimism about its potential to transform the region’s energy supply. With the promise of 24-hour electricity, local businesses are expected to thrive, and residents will benefit from improved living conditions. The partnership is also expected to create jobs and stimulate economic activity.
Bresson A.S. and IBEDC’s commitment to providing affordable and reliable electricity will be closely monitored as the project progresses. The successful implementation of the Magboro Power Plant could serve as a model for similar initiatives across Nigeria, paving the way for enhanced energy infrastructure and better service delivery.
The Magboro Power Plant’s first phase launch signifies a pivotal moment for energy supply in the region. With the anticipated benefits of continuous power supply and lower costs, the collaboration between Bresson A.S. and IBEDC is poised to impact the community significantly, setting a precedent for future energy projects throughout Nigeria.