FG, Brazil sign MoU for $900m power project

Power supply hits 4,500MWTHE federal government yesterday signed a Memorandum of Understanding (MoU) for the implementation of the $900million 7,00Mega Watts (MW) project in Bayelsa State with a Brazilian firm- Benco Energy.Rodringo Badin, who signed the pact for thecompany in Abuja, said the firm will tentatively execute the project for three years.The choice of first project in Bayelsa, he said, is due to its proximity to a gas plant, transmission line and rivers.He maintained that the power plants will be functioning from two turbines connected to exhaust gears.The Minister of Power, Prof. Chinedu Nebo, recalled that a couple of years ago, the two countries signed a pact to assist in developing power for Nigerians.The minister assured the company that the ministry would do all in its capacity to support the firm in implementation of the project because President Jonathan has insisted that Nigerians deserve power supply in large quantity and no house must remain in darkness.Nebo, however, maintained that power supply in the week increased to an average of 4,500MW.He added that gas- to- power, which was the challenge in the power sector, is becoming history following the current flow of gas to power plants.The minister said that the federal government has beefed up the transmission network for reliable power evacuation to the national grid.He revealed that more generation companies are underway, stressing that very soon most of the National Independent Power Project facilities will be connected to the national grid.]]>
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