BUA Group, the industrial conglomerate led by Nigerian billionaire Abdul Samad Rabiu, signed an agreement to develop a 22-megawatt gas-fired power plant. The move aims to secure more consistent energy supply for its operations and reduce reliance on unstable public electricity.
The project, signed by Green Power International, will be executed in partnership with Green Power International Pvt. Ltd. MWM Regional Director Rabih Yazbeck attended the signing. The gas-fired plant is expected to supply power to BUAs manufacturing facilities and reduce diesel usage, which remains a major cost and operational challenge for industrial companies in Nigeria. The project aligns with BUAs strategy to cut energy expenses and improve efficiency.
Power investments follow an active deal-making period
