Posted by Guardian on
DANGOTE begins construction of electricity power plant. The Dangote Group of Companies has begun the construction of a 50-megawatt thermal electricity power plant in Mfamosing, Calabar, in Cross River State.
DANGOTE begins construction of electricity power plant. The Dangote Group of Companies has begun the construction of a 50-megawatt thermal electricity power plant in Mfamosing, Calabar, in Cross River State.
Besides, the group has concluded arrangements for the commencement of the construction of another 50 megawatts electricity plant in Etankpai also in Cross River State. The groups corporate affirs manager, M. Joseph Okonmah told the News Agency of Nigeria (NAN) in Lagos that the power plant would help to boost the electricity supply to the company's cement plant currently under construction in the area.
"The plant is to ensure a steady supply to the cement factory, which is very sensitive to sudden power outage," he said.
Okonmah noted that the Mfamosing 2.5 million metric-tonne cement plant would cost $350 million.
He, however, disclosed that the company had plans to invest more in the power sector and that moves were on in that direction.
According to him, in addition to other projects planned by the company for 2006, efforts have been stepped up to ensure that the company's various cement production plants begin production before the second quarter of 2006.
"The Obajina cement plant is 90 per cent ready and would begin production soon, while the Ibese, Odukpani and Mfomasing plants will begin production later in the year," he emphasised.
He said: "What the company has done over the years in its cement factories in Lagos, Ghana and Port Harcourt was bagging finished imported cement."
The group corporate affairs manager added that with the ban on the importation of cement which takes effect this month, the cement production plants of the Dangote Group would make cement readily available and at lower costs.