The management of Egbin Power plc has said that the electricity generating company will spend about $40million to overhaul its two units.
Each of the units, according to Temitope Shonubi, the Chairman of the company, will cost $20 million as this is in a bid to ensure continuous generation of electricity to consumers.
The plant has six units with each generating 220 megawatts of electricity. The plant has a total installed capacity of 1320 megawatts.
During the unveiling of electricity-powered buses and bicycles, as part of the company’s sustainability projects, Shonubi said the money will be generated from savings and borrowing from sources.
He did not say whether the overhaul will affect its power generation.
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According to him, Egbin currently has the capacity to evacuate 860 megawatts of electricity but it now evacuates only 500megawatts. He attributed the challenge to combine issues of gas problems and internal issues.
Presently, Nigeria generates about 5000 megawatts on the average, a level far short of the demand of 20,000mw minimum that the country is expected to generate to meet the needs of her almost 200million people.
The idea behind the introduction of the electric buses and bicycles to serve its workforce within the facility is, in addition to enhancing movement, it is to promote clean energy, reduce carbon emission, enhance quality of Life by making the environment safer for the entire workforce
An electric bus is a bus that is powered by electricity. The buses can store the electricity in their battery for continuous usage for about 48 hours.
Ordinarily, electric buses are highly efficient and have lower operating costs than diesel buses.
He said the whole essence of our existence is all about ensuring whatever we do we try and always do it better every time. He said he celebrates all the workers of Egbin Power plant that has helped in ensuring that the company is contributing its own quota towards the sustainability of the environment and improving human lives.
“For us in Sahara Group, we always say we are bringing energy to live and today this is not just talking it but also doing it but walking the work and we deliver,” Shonubi said.
Egbin Power plant is not just the first place where the drive of sustainability would commence not just a driver for energy conservation, not drive of good living, quality living, long-living but a drive of ensuring that everybody stays alive and their quality of life is priceless.
He stated further that he rejoice and celebrate all those that have battled COVID 19 and survive it saying that the pandemic has taught everybody that life is priceless and this has allowed us to step back, look back to see the true value of life. But more than anything he said, it has made us to also realise our preferences priorities and what matters to us.
He stated that today based on the reality of where we are going, the value of TESLA, an electric car manufacturer is higher than the value of Shell that produces oil.
“An electric car manufacturer that is pushing technology versus the company that is producing oil which we use today. This simply means that the values of the future in today’s world is more appreciated. And this is the kind of drive Sahara Group is pushing for,” he said.
For the stakeholders in Egbin he said the if we look at the whole essence of existence which is all about innovation whole essence of innovation
