As the Nigerian Electricity Supply Industry (NESI) celebrates a decade of post-privatization endeavors, Mr. Mokhtar Bounour, the Chief Executive Officer of Egbin Power Plc, proudly shares the company’s remarkable journey over the last ten years.
Egbin Power, which emerged as a critical player in Nigeria’s power sector, has witnessed a transformative growth, elevating its generation capacity from under 400 megawatts (MW) to a commendable 1,000 MW, since the era of privatization that commenced in November 2013.
Despite the enduring challenges that continue to loom over the Nigerian power sector, Bounour acknowledges that this milestone constitutes a significant contribution to the nation’s socio-economic progress.
He attributes this achievement to the unwavering commitment of the board, management, and dedicated staff, alongside substantial support from partners within the power sector’s value chain.
Egbin Power’s CEO underscores the company’s dedication to fostering the sector’s sustainable development, guided by Sahara Group’s vision to empower Nigeria’s power industry positively.
Since taking control in 2013, the Egbin power plant has undergone a transformative and strategic turnaround, aligning with its mission to deliver dependable and accessible power to the Nigerian populace.
This transformative journey involved prioritizing substantial investments in critical areas, such as equipment upgrades, human capital development, employee safety, technology infusion, and numerous capital projects.
The outcome has been a remarkable surge in the generation capacity, from below 400 MW to over 1,000 MW.
As a key Generation Company (Genco), Egbin Power plays an essential role in the country’s economic growth by ensuring grid stability and active participation across various sectors, ultimately contributing to the overall enhancement of the Nigerian power industry.
Moreover, Egbin Power is also enriching the community through Corporate Social Responsibility (CSR) initiatives by empowering schools, hospitals, and key institutions, all while providing its primary product—electricity.
