Tag: Kola Adesina

Sahara Power Group GMD, Adesina, is Vanguard Private Sector Icon

ADEOLA YUSUF

Kola Adesina, Group Managing Director of Sahara Power Group, the largest privately owned vertically integrated power company in sub-Saharan Africa, has been named the ‘Private Sector Icon of the Year’ by Vanguard Media Limited, a foremost Nigerian and African new publication. Platforms Africa reports that a statement by the Sahara Group, which declared this, noted that the newspaper organisation stated that Adesina bagged the award because he was “a consummate entrepreneur with experience that traverses academia, insurance, finance, energy, trade and diplomacy.” READ ALSO: BREAKING: Nigeria’s Electricity Market debts to…

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BREAKING: Nigeria’s Electricity Market debts to Egbin Power hit N388bn

ADEOLA YUSUF

Sub-sahara Africa’s biggest power plant, Egbin Power Plc, mulls $3bn post-privatisation investment cap; $1bn already spent, $2bn for expansion plan     The debts which the Nigeria Electricity market is owing biggest power plant in Sub-Sahara Africa, Egbin Power Plc, has hit N388 billion. Platforms Africa reports that the Director, Egbin Power, Mr. Kola Adesina, who declared this when the Senate Committee on Privatisation and commercialisation paid a facility visit to the plant in Egbin, Lagos, maintained that the debt that the Nigeria Bulk Electricity Trader (NBET) is owing the…

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Egbin records 360MW daily shortfall, mulls $40m investment for turbines’ overhaul

ADEOLA YUSUF

  Egbin Power Plc launches 20 electric-powered buggies, 500 electric-powered bicycles    Biggest thermal power generation firm in West Africa, Egbin Power Plc, on Tuesday, declared that it recorded a shortfall of about 360 Mega watts (MW) of power generation daily. Chairman of the company, Temitope Shonubi, who declared this during the launch of 20 electricity-powered buggies and 500 electric-powered bicycles at the plant in Lagos, revealed the company’s plan for fresh $40 million investment on the overhaul of two turbines in its system. Fielding questions from Platforms Africa, Shonubi…

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