Proton Energy to Boost Power Generation with $250 Million Gas Plant

Gas Plant

As part of efforts to improve electricity generation and distribution in the country, a power plant development company, Proton Energy Limited, has announced plans to inject additional 150 megawatts of electricity into the national grid, The Punch reports.

The Executive Vice-Chairman, Proton Energy, Mr. Oti Ikomi, disclosed this during the ground-breaking of the Proton Delta Sunrise Project, a gas-fired power plant in Sapele Local Government Area of Delta State, on Thursday.

Ikomi explained that the project, with $250m of foreign direct investment, would enhance economic growth in Delta State and the country at large. He stated that the target of the project was to contribute to the national transformation agenda by adding 2,000MW over the next five to eight years.

Ikomi added that 1,000 jobs would be generated during the two-year period of construction of the power plant. According to him, the plant will be upgraded to 500MW in the second phase.

 

Source: IWIN

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