{"id":1065,"date":"2014-08-30T09:00:38","date_gmt":"2014-08-30T09:00:38","guid":{"rendered":"http:\/\/newsroom247.com.ng\/?p=1065"},"modified":"2014-08-30T09:00:38","modified_gmt":"2014-08-30T09:00:38","slug":"fg-brazil-sign-mou-on-700mw-power-plant","status":"publish","type":"post","link":"http:\/\/newsroom247.com.ng\/?p=1065","title":{"rendered":"FG, Brazil sign MoU on 700MW power plant"},"content":{"rendered":"

\"Minister-of-Power-Prof-Chinedu-Nebo-360x225\"<\/a><\/p>\n

The Federal Government on Friday signed a N144bn Memorandum of Understanding with Benco Energy Limited of Brazil to construct a 700 megawatts power plant in Nigeria.<\/p>\n

The plant, which will be built in Bayelsa State, will have a construction period of three years.<\/p>\n

The President, Benco Energy Limited, Brazil, Mr. Rodrigo Badew, said the plant would be gas and vapour-fired.<\/p>\n

He said, \u201cIt is a 700MW plant although it can reduce to 688MW because this depends on location and environmental conditions. The investment is around $800 to $900m.<\/p>\n

\u201cOf course all these will be confirmed as soon as we have all the necessary investigations and have them more defined. The time schedule is supposed to be around three years to three and half years for the construction of the project.<\/p>\n

\u201cThe location is Bayelsa because it is a terrain which is close to gas supply, transmission line and a river. So, we have the right infrastructure that we need there and this location is perfect for our investment.\u201d<\/p>\n

According to Badew, the power plant will consist of two turbines that run on gas and two others that run on vapour.<\/p>\n

\u201cThat is the power module of the plant that we are going to be implementing,\u201d he added.<\/p>\n

In his address, the Minister of Power, Prof. Chinedu Nebo, said a couple of years ago, Electrobras of Brazil and the Nigerian government signed an MoU, which was aimed at bringing Electrobras into Nigeria to help the country develop as much as 10,000MW of power<\/p>\n

He said, \u201cWhat we are seeing today is the takeoff of the implementation of that MoU bringing Benco to work with the Federal Ministry of Power for their plant. We want to assure Benco that we will do our best to implement the terms of the MoU that we have signed today.\u201d<\/p>\n

The minister also noted that Nigeria now generates and distributes an average of 4,500MW of power.<\/p>\n

He said, \u201cI am very sure that some of you if not all of you would have noticed that within the past few weeks we have averaged about 4,500MW of power delivery and it has been stable.<\/p>\n

\u201cAnd that means that most of you are now getting better power supply than you have had in the recent past. Gas is now coming in and we are expecting even a lot more of gas. The transmission facilities are being beefed up to strengthen and make more reliable and stable the national grid to be able to wheel out more power.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Federal Government on Friday signed a N144bn Memorandum of Understanding with Benco Energy Limited of Brazil to construct a 700 megawatts power plant in Nigeria. The plant, which will be built in Bayelsa State, will have a construction period of three years. The President, Benco Energy Limited, Brazil, Mr. Rodrigo Badew, said the plant […]<\/p>\n","protected":false},"author":2,"featured_media":1066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"ngg_post_thumbnail":0,"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[4],"tags":[],"class_list":["post-1065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national"],"jetpack_featured_media_url":"http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2014\/08\/Minister-of-Power-Prof-Chinedu-Nebo-360x225.jpg","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4oswh-hb","_links":{"self":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/1065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1065"}],"version-history":[{"count":1,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/1065\/revisions"}],"predecessor-version":[{"id":1067,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/1065\/revisions\/1067"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/media\/1066"}],"wp:attachment":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1065"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}