Nigerian power firm looks to sell electricity to Burkina Faso

Indications emerged on Thursday that Nigeria is preparing to sell its “stranded electricity” to Burkina Faso, as the nation’s power industry continues to battle challenges. The planned energy export is being put in place by the concessionaire of Kainji and Jebba hydro power stations, Mainstream Energy Solutions Limited, MESL.

The company said it had been approached by the West African nation and it was ready for a deal. “I am complaining that I have energy that cannot be utilised,” said the managing director of the company, Lamu Audu, on Thursday. “And some of us are actually looking beyond the borders of Nigeria to sell our power if the Nigerian market cannot take it because we have to remain in business—-we have responsibilities to our shareholders.”

“Investments have been made, and that is why we are looking into the West African market. Honestly, we are already talking to Burkina Faso. They approached us and we are willing to have deals with them to sell power to them. They are willing to buy.” Mr Audu said this at the PwC’s Annual Power and Utilities Roundtable in Lagos.

Source: Premium Times

Share

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...