Business
Lagos IPP: Electricity Firm To Acquire Four Megawatts
The Eko Electricity Distribution Company
(EEDC) said it has concluded plans to acquire four megawatts
of electricity generated by the Lagos State government.
The Chief Executive Officer of the
company, Oladele Amoda, disclosed this to newsmen on Wednesday saying that
the four megawatts would be extracted from the 10 megawatts being generated by
state under its independent power project.
He explained that the four megawatts
would boost electricity transmission to consumers on the company’s
network.
“We have concluded plans to purchase at
least four megawatts out of the 10 megawatts generated by the Lagos State
Government under its independent power project.
“Currently, the state only uses four
megawatts, while two megawatts is left as backup in case there are issues,” he
said.
Amoda noted that the Power Purchase
Agreement plan would be sent to the Nigerian Electricity Regulatory
Commission (NERC) for endorsement saying that the four megawatts would be in
use by the third quarter of this year.
In 2009, the Lagos State government, in
collaboration with Island Power Limited- a power firm, built a 10
megawatts plant on the Marina, to provide 24-hour power supply.
The plant, which became operational in
2011, still supplies electricity to the Lagos Island General Hospital,
High Courts on Catholic Mission Street, the High Court Annex, among
others.