Business
Ajaokuta Steel, Private Firm Sign MOU
Ajaokuta Steel Company Ltd (ASCL), has signed a Memorandum of Understanding (MoU) with a private firm, 3D-High Tech Systems Ltd, for the reactivation of its 110MW thermal power plant.
The Sole Administrator of ASCL, Mr. Joseph Onobere who signed on behalf of the company, on Friday said the MoU was in line with President Goodluck Jonathan’s recent inauguration of the National Industrial Revolution Plan.
Onobere said that the objective of the MoU was to generate energy for the steel plant and for sale to the national grid.
The sole administrator added that the company recently entered into similar arrangements for the Light Section Mill, the Wire Rod Mill and the Metallurgical Training Centre.
He commended ASCL staff for their “uncommon patriotism and loyalty in defending and protecting the steel plant” and solicited their cooperation for the success of the MoU.
The Managing Director of 3D-Hitech Systems Ltd, Mr Patrick Azi, who signed the MoU for the company, said $30 million (N4.8 billion) would be invested in the power plant.
He said “we are in this business of acquiring property from government or going into partnership with government with a view to revamping them, make our money as investors and leave.
“We intend to sell our products to power Distribution Companies (Discos). We are entering into power purchase agreement with these companies.”
He said the company planned to build 300MW plant to run side-by-side the plant in Ajaokuta.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Sports5 days ago
CAFCL : Rivers United Arrives DR Congo
-
Sports5 days ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports5 days ago
NPFL club name Iorfa new GM
-
Sports5 days ago
NNL abolishes playoffs for NPFL promotion
-
Sports5 days ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports5 days ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports5 days ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Politics4 days ago
Rivers Assembly Resumes Sitting After Six-Month Suspension