• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Corporate Press Releases

BUA, Wartsila OY of Finland extend partnership with new 70MW gas power plant

…as Wartsila is set to build 70MW Gas Power Plant for BUA Cement Obu Line III in its third contract with Nigeria’s BUA Cement

NM Press by NM Press
November 25, 2021
in Corporate Press Releases
BUA, Wartsila OY of Finland extend partnership with new 70MW gas power plant

Abdul Samad Rabiu, Founder/Executive Chairman, BUA Group (middle) signing the third contract with Wartsila Oy of Finland to build a 70MW Gas Power Plant for BUA Cement Obu Line III while Wartsila Oy’s Senior Business Development Manager, Christophe Demay (left), Marc Thiriet, Energy Business Director, Africa West (right) and the Deputy Minister for International Trade for Finland, Ms. Nina Vaskunlahti (standing) look on at the BUA Regional office in Abuja.

Share on FacebookShare on TwitterShare on Linkedin

BUA has signed yet another agreement with Wartsila OY of Finland for the construction of a 70megawatts dual-fuel power plant for its BUA Cement Obu Line 3 project in Edo State, Southern Nigeria. This agreement was signed between both companies at a ceremony in Abuja presided over by the Deputy Minister for International Trade for Finland, Ms. Nina Vaskunlahti. This gas power plant will also be the third power plant to be commissioned by BUA from Wartsila as BUA Cement seeks to increase its total production capacity across all its locations to 17million metric tonnes by 2023.

Speaking at the signing ceremony, Abdul Samad Rabiu, Chairman of BUA, who signed on behalf of the cement producer said that BUA was committed to utilizing cleaner, more efficient energy sources for its cement operations rather than relying on coal or heavy fuels. According to Rabiu, the 70MW gas-powered plant ordered by BUA for its Obu Line 3 cement plant will ensure that the company remains very efficient in its energy utilization in the cement production process.

Abdul Samad Rabiu, Founder/Executive Chairman, BUA Group and the Deputy Minister for International Trade for Finland, Ms. Nina Vaskunlahti when the Deputy Minister paid a courtesy call on the Chairman at the BUA Regional Office in Abuja.

“Currently, we have phased out the use of coal across our factories and are shifting to gas powered plants. As we ramp up our capacity, there is need to complement it with efficient power supply and Wartsila’s technology has been found to be durable and uniquely aligned with our vision for more efficient power generation at all our production locations,” Rabiu added.

MoreStories

Utiva CEO affirms that Techlocate does not guarantee Global Talent Visa, clarifies Techlocate’s advisory role  

Utiva CEO affirms that Techlocate does not guarantee Global Talent Visa, clarifies Techlocate’s advisory role  

July 24, 2025
The Balvenie 60-Year-Old Whisky Makes Its Nigerian Debut with a Night of Luxury, Fine Dining, and Craftmanship 

The Balvenie 60-Year-Old Whisky Makes Its Nigerian Debut with a Night of Luxury, Fine Dining, and Craftmanship 

March 7, 2025

BUA Cement Plc is Nigeria’s second largest cement company and the largest producer in its North-West, South-South, and South-East regions. BUA Cement operates strategically from Okpella, Edo State and Kalambaina, Sokoto State with its headquarters in Lagos, Nigeria. Currently the second most capitalized manufacturing company on the Nigerian Stock Exchange (NSE), BUA Cement is committed to quality – a differentiating attribute, driven by its people, innovation, and technology; and positioned to solving West Africa’s cement, housing, and infrastructure deficit while driving economic growth and development.

Tags: BUA CementWartsila OY
NM Press

NM Press

Related Posts

Cement prices may hit N9,000 over FG’s introduction of concrete roads – Manufacturers
Companies

Nigerian Cement Giants’ profits climb on price hikes as consumers pay the price  

August 15, 2025
Cement prices may hit N9,000 over FG’s introduction of concrete roads – Manufacturers
Equities

How cement stocks sparked a 19% weekly gain in the Industrial Goods sector 

July 21, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%
Equities

BUA Cement gains over 7% as Nigerian stock market conquers new territory 

June 13, 2025
companies
Equities

Leading Nigerian companies incurred net FX losses of N22.2 billion in Q1 2025, down 98% year-on-year

May 6, 2025
BUA Cement
Company News

BUA Cement pre-tax profit surges by 368.58% to N99.741 billion in Q1 2025

April 25, 2025
BUA Cement
Equities

BUA Cement’s 2024 earnings call: Key takeaways

March 14, 2025
Next Post
DEAL: Nigerian fintech API startup, OnePipe raises $3.5 million in seed round

DEAL: Nigerian fintech API startup, OnePipe raises $3.5 million in seed round

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

rabafast
uba
tajbank
arco
access bank
nairametrics
first bank






DUNS

Recent News

  • NEPL hits 355,000 bpd, records highest daily output in 36 years 
  • IATA projects African airlines to sustain $0.2 billion profit with 6% passenger growth in 2026 
  • Nigerian Bond Yields jump as DMO raises rates in December issuances 

Follow us on social media:

Recent News

Ojulari unveils NNPC’s $60bn investment drive, eyes 3mbpd crude production by 2030 

NEPL hits 355,000 bpd, records highest daily output in 36 years 

December 9, 2025
Top 10 African countries with the highest international airfare charges in 2024

IATA projects African airlines to sustain $0.2 billion profit with 6% passenger growth in 2026 

December 9, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics