Oando Complete N3.2b Power Plant in LAGOS

OANDO Gas and Power (OGP), a subsidiary of Oando Plc and the Lagos State Government have completed the construction of a N3.2 billion Independent Power Project (IPP) in Alausa, Ikeja area of Lagos State. The project, which is a 10.34Mega Watt dual fired power plant has already been slated for commissioning on Thursday in a bid to vastly improve the provision of power to the state secretariat complex in Lagos. The natural gas fired plant is expected to significantly assist in the reduction of emissions that emanate from the more than 70 diesel generators that are currently in use within the Lagos State Secretariat area of Lagos. The Lagos State Government had said that consistent and reliable power supply to the secretariat would increase the functionality and efficacy of its employees, which it described as key to the progression of the state. OGP said in a statement yesterday that the Alausa IPP is the second successful project of such profile for Oando, following the Akute Power Limited’s 12.15 Megawatts power plant, which was commissioned to improve electricity supply to the Lagos State Water Corporation. The statement said: “Oando has identified the need for IPPs as a welcome resolution to Nigeria’s crippling power problem, and is implementing a strategic framework which earmarks the development of critical infrastructure to harness the vast natural gas resources in Nigeria to accelerate industrialization, economic well-being, and value creation for relevant stakeholders. “It is estimated that the entire secretariat requires an average of 4.0 megawatts; 5.5MW during peak periods and about 0.5MW during off peak periods. The disconnection of the Alausa secretariat complex from the PHCN grid will make additional electricity available to many residents in Lagos State, and the streetlights on the main Awolowo Road will be powered by the plant, thus enhancing security for road users at night.” It added that with over N3.2 billion spent in the development of the plant, the project has provided employment to over 200 people from the construction period to commissioning, which is scheduled for October 17.