Finance

BUA, Wartsila sign agreement for construction of 70MW power plant

BUA, Wartsila Sign Agreement for Construction of 70MW Power Plant

BUA has said that it signed an agreement with Wartsila OY of Finland for the construction of a 70megawatts dual-fuel power plant for the BUA Cement Sokoto Line 4 in Sokoto state, North-West Nigeria.

The announcement comes as BUA recently revealed that it was looking to boost its production capacity in Nigeria over the next 3 years with new plants in the works.
In addition, this will be the second plant to be constructed by Wartsila for BUA Cement – the first being the BUA Cement sokoto power plant scheduled to be commissioned alongside the plant in November 2021.

Read:  WTO: Okonjo-Iweala appoints four deputy DGs, two women

Speaking at the signing ceremony, Chairman of BUA Cement Plc, Abdul Samad Rabiu who signed on behalf of the cement producer said BUA Cement will continue to invest strategically in the West African Cement industry to enable it to bridge the huge infrastructure and housing deficit.

According to Rabiu, “BUA Cement is happy and pleased with the progress that Wartsila made with the construction of the power plant we initially purchased for our BUA Cement Sokoto Line 3 which we expect will begin commissioning by November alongside the power plant.

Read:  GAC Motors plans mass employment with assembly plant

We believe Wartsila will bring the same level of efficiency, technical expertise and professionalism to bear in ensuring that this new power plant for the 3million Mtpa BUA Cement Sokoto Line 4 will be completed on schedule by the end of next year as we look towards bringing BUA’s total capacity in its sokoto plant to 8 million metric tonnes by early 2023 and 17million metric tonnes across all its plants by the same time.”

On his part, Energy Business Director at Wartsila West Africa, Mark Thiriet said Wartsila was proud to partner with BUA Group on this BUA Cement Sokoto Line 4 project. He said that Wartsila will bring its technical expertise and globally recognized technology to bear in bringing the project to completion.
BUA Cement Plc is Nigeria’s second largest cement company and the largest producer in its North-West, South-South, and South-East regions.

Read:  Jaiz Bank Grows H1 Profit By Over 70 Per Cent.

Thisday

Related posts

Enthusiasm Trails eNaira as Nigerians Download 200,000 Wallets in 24 Hours.

NigGal

Ecobank announce 334% increase in profit to N146.3bn in 2021

NigGal

Sundry Foods gets Agusto’s A-Rating, outlook stable

NigGal

36 firms delisted from stock market in five years

NigGal

Stock trading volume jumps 189% as 22 firms gain

NigGal

Seplat energy appoints 3 new directors

NigGal

Leave a Comment