Lafarge Africa Plc has said that its newly constructed 220 megawatts (mw) power plant at Ewekoro, Ogun, will commence operations in October.
The executive vice president/managing director, Lafarge Africa Plc, Guilaume Roux, said that the project worth $400 million (N78.8 billion) was executed in partnership with the International Finance Corporation (IFC) and Wartsila.
He said that the IFC would provide financial and advisory services for the project through its Global Infrastructure Project Development Fund, InfraVentures, while Wartsila would build and manage the power plant.
Roux expressed the hope that the project would enhance 1.4 million households’ access to electricity and help mitigate energy problems of many firms in the country. He said that power project remained one of the company’s contributions toward providing an enabling environment for new investments and the nation’s economic growth.