The Chairman of Bresson AS Nigeria Limited, Mr. Gbenga Olawepo, has called for massive investment in Africa’s power sector.
He made the call recently at the GE African American Forum, Customer and Strategic Partners’ Summit in Washington DC. Olawepo was one of the guest speakers at the summit held between July 10 and 11.
According to him, ‘’Africa is the next best destination for Investment presenting all the necessary indices for growth; steady economic growth rate of 6 - 7%; a population of a billion people, requiring huge infrastructural support; a higher return on investment compared to similar markets and a largely democratic governments that have embarked on market oriented reforms”.
The GE strategic partners summit is a forum for strategic thinking for GE leaders and partners on the development of medium and long-term business goals in Africa.
The energy panel also included Jay Wileman, President, Sub –Saharan Africa, GE Energy, the Vice-President of Combustion Associate, Kusum Kavia, Paul Hinks CEO of Symbion Power, Rumundaka Wonodi, CEO of Nigerian Bulk Electricity Trading Plc and Mike Upton, CEO of Group Five Limited.
Other dignitaries in attendance at the GE summit included Jay Ireland President and CEO, GE Africa, Walter Crawford Jones, United States Executive Dirctor, African Development Bank, the Surgeon General of the United States, Dr. Regina Benjamin, Chairman Honeywell Group, Oba Otudeko, Mugo Kibati, Director- General Kenya Vision 2030, Johnnie Carson, Assistant-Secretary, Bureau of African Affairs, William Asiko, President Coca-Cola Africa Foundation amongst others.
Bresson A.S is a pioneer IPP in Nigeria currently constructing its 90 MW plant in Magboro Lagos-corridor of Ogun State. The plant is configured on GE LM 6000 turbines.
Bresson A.S is a member of Bresson Energy Alliance, a UK company that specialises in investment in energy sectors of emerging economies.