The management of 3D Hitech system limited has concluded plans to boost Kano Electricity Distribution Company (KEDC) with the revitalization of the moribund 110 mega watts thermal power plant at the Ajaokuta Steel Company in Kogi State.
The engineering firm which has signed a Memorandum of Understanding (MoU) with the steel company is to spend the sum of $30million (N5.010billion) on the project.
Patrick Azi, managing director of the firm gave the hint in a brief presented to the minister of mines and steel development, Musa Sada and his industry, trade and investment counterpart, Olusegun Aganga who were recently on a working visit to the Ajaokuta Steel plant.
A statement signed by the establishment, deputy- general manager on public affairs and information, Muhammed Ibrahim and made available to BusinessDay in Benin City said rehabilitation work has since commenced at the power plant site.
Azi who said the organization is partnering with the Ajaokuta Steel plant in harnessing its 110mw thermal power plant capacity noted that apart geared towards boosting electricity supply in the Kano Electricity Distribution Company (KEDC) it would add value to the nation’s economy business.
He said the power purchase agreement with the steel plant was signed last Wednesday and that when completed it would by next October generate 110mw of electricity that would be sold to the National Power Grid through a power purchase arrangement with the Kano Electricity Distribution Company (KEDC).
Azi who posited that 25mw would be generated at the initial stage noted the 110 mw would be completed with the addition of 85mw by next October.
He said Ukrainian and Nigerian engineers have been recruited to fix the plant.
He also added that the moribund 110mw Ajaokuta Steel thermal power plant was completed in 1987, shut down in 1994 and again commenced operation in 2005 after some rehabilitation works were carried out to 2008 when it was finally shut down due to funding challenges.
He said the company has already delivered on site electrical and mechanical spares as well as lubricants, gases and other essential consumables meant for the rehabilitation works.
No comments:
Post a Comment