Abuja, Nigeria. September 17, 2014 –,
IFC, Lafarge, and Wärtsilä today announced a new agreement to more than
triple the output of Nigeria’s Ewekoro power plant, improving access to
electricity for about 1.4 million households in the country and supporting
economic growth. IFC is a member of the World Bank Group; Lafarge is a
world leader in building materials: and Wärtsilä is a leading global supplier
of flexible power plants.
The agreement calls for Lafarge Cement to
transform WAPCO’s existing 90 megawatt dual-fuel, captive power plant
into a 310 megawatt gas-fired and highly-efficient internal combustion
engine power plant. IFC, through IFC InfraVentures, its Global Infrastructure
Project Development Fund, will provide financial and commercial structuring.
Lafarge will manage the project and Wärtsilä will build and manage the
The project involves freeing some of the
plant’s existing captive capacity and making it available to the national
grid. It will also construct a new 220 MW engine power plant that will
be connected to the national grid through a power purchase agreement with
the National Bulk Energy Trading Company.
Guillaume Roux, Group CEO and Managing Director
of Lafarge Africa Plc, said “Lafarge is demonstrating its value adding
leadership and strong commitment to the Federal Government of Nigeria’s
transformational agenda to increase power generation. We are complementing
government’s efforts to boost national development through improved industrialization
and economic growth. With the support of IFC and Wärtsilä, our long term
partners, this project will increase the level of power generation in Nigeria”.
“Wärtsilä will provide our expertise
and experience in the development and implementation of high efficiency
and flexible internal combustion engine-based power generation projects
around the world”, said Ade Audifferen, Managing Director of Wärtsilä
in Nigeria. “The Wärtsilä EPC and operation and maintenance package
combined with our strong presence in Nigeria will mitigate the operational
risks over the life of the project. With the support of our development
partners Lafarge and IFC, we can provide cost-efficient and reliable power
supply that will increase economic productivity in Nigeria”, said Audifferen.
Richard Arkutu, IFC Manager for the Africa
Special Initiative for Infrastructure, said “In partnership with Lafarge
and Wärtsilä, IFC is eager support the development of this power project.
This new project demonstrates IFC’s support for the Federal Government
of Nigeria under the World Bank Group’s Energy Business Plan for Nigeria.
The project will open a new avenue for Nigeria’s power generation by leveraging
existing captive plants owned by large industrial clients, allowing for
fast-track expansion for new capacity that can supply the national grid.”
The World Bank Group’s Nigeria Energy Business Plan is a comprehensive
approach by IFC, The World Bank, and MIGA to support each segment of the
gas to power value chain.
The existing 90 MW Ewekoro dual fuel engine
power plant was commissioned in 2011 and built and operated by Wärtsiläto
supply power to Lafarge’s WAPCO operations. When the project is complete,
the power plant will have capacity to supply approximately 260 MW to the
About Lafarge Africa Plc
Lafarge Africa Plc, a leading Sub-Saharan
Africa building materials company, is a subsidiary of France-based Lafarge
group, the world leader in building materials. Listed on the Nigerian Stock
Exchange with a presence in Africa’s two largest economies—Nigeria and
South Africa-- Lafarge Africa actively participates in the urbanization
and economic growth of Africa.
Combining its operations in Nigeria with
South Africa, Lafarge Africa has a current installed cement capacity of
12Mt, which is expected to grow to 17.5Mt by 2017. This is in addition
to strong market leading positions in aggregates, ready mix concrete and
fly ash. Lafarge Africa leverages its innovative expertise to provide valued
added products and services solutions in the building and construction
industry in Sub-Saharan Africa. Additional information is available on
the web site at www.lafarge.com.ng
IFC, a member of the World Bank Group, is
the largest global development institution focused exclusively on the private
sector. Working with private enterprises in about 100 countries, we use
our capital, expertise, and influence to help eliminate extreme poverty
and boost shared prosperity. In FY14, we provided more than $22 billion
in financing to improve lives in developing countries and tackle the most
urgent challenges of development. For more information, visit www.ifc.org.
Wärtsilä Power Plants in brief
Wärtsilä Power Plants is a leading global
supplier of flexible baseload power plants of up to 600 MW operating on
various gas and liquid fuels. Wärtsilä’s portfolio includes unique solutions
for peaking, reserve and load-following power generation, as well as for
balancing intermittent power production. Wärtsilä Power Plants also provides
LNG terminals and distribution systems. As of 2014, Wärtsilä has 56 GW
of installed power plant capacity in 169 countries around the world.