Oil & Energy
World Bank, Lafarge Sign 260MW Power Plant Deal
A subsidiary of the
World Bank, the International Finance Corporation (IFC) and Lafarge Nigeria Limited, have signed a deal for the construction of a 260 megawatts power plant in Ewekoro, Ogun state.
A statement from the Deputy Director / Head of Media, Ministry of Power, Mr Timothy Oyedeji and made available to newsmen in Abuja, Thursday revealed this.
The statement said IFC is lead arranger for the financing, while a Finland-based Wartsila Development and Financial Services Company is part of the Lafarge consortium that has concluded arrangement for the construction of the power plant.
At the agreement signing ceremony in Abuja, the Minister of State for Power, Mr Muhammad Wakil, described the event as a milestone that underscored the need to fasttrack the nation’s ongoing privatisation exercise, which has been described as the biggest in the world.
According to him, the signing of the agreement would not have been possible but for the doggedness of President Goodluck Jonathan, in ensuring that nothing derailed the power sector reform.
The minister also said that the president has given a marching order to all cabinet members to be ambassadors in attracting foreign investors to the country.
He said this was borne out of the realization that a lot of resources would be required in the power sector’s new direction which is private driven. Wakil urged genuine investors to take advantage of the conducive environment in the country as expressed in good legislative framework, market depth and political will, and added that investors were assured of higher yields on their investment.
The Chief Executive Officer, Lafarge, Nigeria and Benin, Mr Guillaume Roux, assured of the World Bank support of Nigerian power sector because of the visible achievements so far recorded in the ongoing privatization exercise.
He assured of the group’s determination to leverage on all resources that would be required to support the sector and promised that the project would be realized in record time.
According to him, Lafarge had been in the forefront of embedded power generation as the company had in the recent past expressed readiness to put on the national grid excess power produced from its cement plant.
Oil & Energy
FG Inaugurates National Energy Master Plan Implementation Committee
Oil & Energy
How Solar Canals Could Revolutionize the Water-Energy-Food Nexus
Oil & Energy
Dangote Refinery Resumes Gantry Self-Collection Sales, Tuesday
This is revealed in an email communication from the Group Commercial Operations Department of the company, and obtained by Newsmen, at the Weekend.
The company explained that while gantry access is being reinstated, the free delivery service remains operational, with marketers encouraged to continue registering their outlets for direct supply at no additional cost.
The statement said “in reference to the earlier email communication on the suspension of the PMS self-collection gantry sales, please note that we will be resuming the self-collection gantry sales on the 23rd of September, 2025”.
Dangote Petroleum Refinery also apologised to its partners for any inconvenience the suspension may have caused, while assuring stakeholders of its commitment to improving efficiency and ensuring seamless supply.
“Meanwhile, please be informed that we are aggressively delivering on the free delivery scheme, and it is still open for registration. We encourage you to register your stations and pay for the product to be delivered directly to you for free. We sincerely apologise for any inconvenience this may cause and appreciate your understanding,” it added.
It would be recalled that in September 18, 2025, Dangote refinery had suspended gantry-based self-collection of petroleum products at its depot. The move was designed to accelerate the adoption of its Free Delivery Scheme, which guarantees direct shipments of petroleum products to registered retail outlets across Nigeria.
The refinery stressed that the earlier decision was an operational adjustment aimed at streamlining efficiency in the downstream supply chain.
-
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