Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Manufacturing

BUA signs agreement with Wartsila OY of Finland for construction of 70MW power plant in Sokoto

Chidinma AnyalewechibyChidinma Anyalewechi
1 year ago
in Manufacturing
BUA, Wartsila OY of Finland sign agreement for construction of power plant for Sokoto
Share on FacebookShare on TwitterShare on Linkedin

Chairman of BUA Group, Abdul Samad Rabiu has signed an agreement with Wartsila OY of Finland for the construction of a 70megawatts dual-fuel power plant for the BUA Cement Sokoto Line 4 in North-West of Nigeria, Sokoto State.

Recently, the cement company revealed that it was looking to increase its production capacity within Nigeria over the next 3 years with new plants in the works. This will be the second plant to be constructed by Wartsila for BUA Cement – the first being the BUA Cement Sokoto power plant scheduled to be commissioned alongside the plant in November 2021.

At the signing ceremony, the Chairman of BUA Cement Plc acknowledged the importance of continued investment in the region. He stated that BUA Cement will keep up its investment strategy in the West African Cement industry to position itself as the bridge between the huge infrastructure and housing deficit.

In his statement, he said that “BUA Cement is happy and pleased with the progress that Wartsila made with the construction of the power plant we initially purchased for our BUA Cement Sokoto Line 3 which we expect will begin commissioning by November alongside the power plant. We believe Wartsila will bring the same level of efficiency, technical expertise, and professionalism to bear in ensuring that this new power plant for the 3million Mtpa BUA Cement Sokoto Line 4 will be completed on schedule by the end of next year as we look towards bringing BUA’s total capacity in its Sokoto plant to 8 million metric tonnes by early 2023 and 17million metric Tonnes across all its plants by the same time.”

What you should know

  • During the Group’s shareholders meeting held in July, the Chairman announced that the Line 3, Sokoto plant currently under construction would be commissioned this year while other lines in Sokoto, Edo, and Adawama will be commissioned in 2022/2023.
  • In 2019, the Chairman of the Group signed its first contract with the same company, Wartsila Oy of Finland, for the construction of a 48-megawatt power plant for Sokoto Cement line 3 in Sokoto State.

Related

Tags: 70megawatts dual-fuel power plantAbdul Samad RabiuBUA groupWartsila OY

Comments 1

  1. Godwin says:
    September 21, 2021 at 12:58 pm

    The report didn’t indicate the value of the contract. This is a big omission.

    Reply

Leave a Reply Cancel reply

HFM
Mega Millions
Mega Millions
Patricia





NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Finance Minister says Federal Government is set to activate full potentials of mining sector
  • Nigerian singer Tems makes history as first Nigerian female musician to win a Grammy
  • BUA Foods Plc grows profit by 29.6% to N90.4 billion in 2022

Follow us on social media:

Recent News

Federal Government to activate full potentials of mining sector

Finance Minister says Federal Government is set to activate full potentials of mining sector

February 6, 2023
Nigerian Singer Tems makes history as the first Nigerian female to win the Grammy

Nigerian singer Tems makes history as first Nigerian female musician to win a Grammy

February 6, 2023
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Lifestyle
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds

© 2023 Nairametrics