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July 20th, 2017 Peak Generation: 4,566.6 MW | Energy Sent Out: 90,644.83 MWH

Thursday, 13 November 2014 00:00

Olorunsogo Power Plant (Phase I) Featured

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The Olorunshogo plant is a 335MW gas plant, located in Papalanto, Ogun State.

In 1999, the FGN began an aggressive restructuring of the power sector with several aims, including introduction of efficient, private sector standards and management principles, and methodology, leading to reliable power. 

In 2001, the FGN approved a National Electric Power Policy (NEPP), followed in 2005 by the Electric Power Sector Reform (EPSR) Act. EPSR Act provides the legal authority for the unbundling of Nigeria’s power utility as well as the introduction of a new, regulatory scheme managed by the Nigerian Electricity Regulatory Commission (NERC), an independent regulatory commission, to guarantee open access and ensure efficiency throughout the industry. 

 

Outright sale option was adopted by the Bureau for Public Enterprises in the sale of Olorunshogp phase I which was culminated on the 1st of November 2013. The new owners are Pacific Energy.

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