The entire operations of Egbin Power PLC are guided and moderated by an unwavering commitment to ensure environmental sustainability, Chairman of the Board of Directors, Temitope Shonubi, has said.
Shonubi spoke on Monday in Lagos when he embarked on a facility visit to the power plant.
“We are mindful of our carbon footprints and continue to operate in compliance with global standards to ensure our energy is clean and our environment preserved for future generations,” he said.
He said the huge investments and the regular overhauls of the power systems have played a critical role in helping increase plant’s electricity generation capacity “consistently and sustainably” since the plant was acquired in 2013.
“Egbin has 1,320MW installed capacity. As of the time we took over, the plant was generating only 300MW, which was an abysmal 22 percent.
“As of today, the power generation capacity of Egbin Power has surged. We are doing 89 percent. We hit generation peak of 970MW this year, despite challenges, many thanks to the expertise and dedication of our employees and support of our stakeholders.
“We are delighted at the tireless commitment of our employees to our vision of lighting up Nigeria and ultimately, Africa,” Shonubi said.
He said Egbin Power Plc has developed a robust strategy for its Phase 2 investment expansion plan projected to add between 1,750 MW and 1,900MW to Nigeria’s power national power generation pool.
With installed capacity of 1,320MW, Egbin Power is reputed to be Nigeria’s biggest power plant, and the largest privately run thermal power plant in sub-Saharan Africa.
He pledged to ensure Egbin Power continued to collaborate with the NNPC and other partners towards achieving sustainable power supply and boosting Nigeria’s energy transition through optimisation of gas-to-power initiatives.
Both organisations, the Chairman said, are committed to transforming the country’s power sector to ensure it delivered on the objectives of the privatization programme by the government.
Shonubi acknowledged the support of other stakeholders in the sector, including the NNPC, Central Bank of Nigeria, Federal Ministry of Power, Banks, Transmission Company of Nigeria, regulatory authorities, and the entire power sector, noting that the multi-stakeholder collaboration remained critical to delivering uninterrupted power supply in Nigeria.
The Chief Operating Officer, Gas and Power, Nigerian National Petroleum Corporation (NNPC), Yusuf Usman, who accompanied the Chairman on the visit said the NNPC and Egbin Power were committed to deepening gas utilisation in Nigeria.
Usman noted the turn-around of Egbin Power post privatization, describing it as “very impressive and indicative of the expertise and huge investment injected by the Sahara Group into transforming the thermal power plant.”
“This visit has been an eye opener for me. We have seen turbines that have been running for over 40 years and still performing optimally through the efforts of Egbin Power management and employees to achieve a turnaround at the plant through overhaul of the entire system.
“This is a huge plus for the privatization exercise and positions Egbin to play a leading role as we work towards energy transition using gas which is a clean fuel that we have in abundance in Nigeria,” he said.
Usman assured the management of the power plant of the support of the NNPC, adding, “I have listened to the concerns you raised, particularly, regarding transmission restrictions. I am aware that works are ongoing in this regard to ensure that all the power we generate is safely evacuated.”