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Gracefield partners Dubai-based firm in power generation




IN its determination to deliver a world-class development in record time, and reinforce the policy of the Federal Government to expand power infrastructure, Gracefield, the promoter of Gravitas limited, has teamed up with Dubai-based Company, Jampur International, to generate power supply in Lagos.

The project is to be located on its over 100-hectare Gracefield Island development in, Eti-Osa local government area, Lekki, Lagos.

The Gracefield Island is planned and being executed to exacting standard that will make it a destination for prime real estate projects. Mr. Ferdinand Agu, the company’s board technical chairman stated that Gravitas took its time to evaluate several proposals before settling for Jampur’s modular power generation solution.

Jampur’s Chairman, Mr. Mohammed Shafiq, last week in Dubai, stated that his international experience and commitment to partner with forward-looking companies and governments in Africa to provide reliable and cost-effective power solution propelled him to set up a country-desk for Nigeria. He stated his delight to partner with Gravitas and is therefore determined to make the Gracefield power project a flagship for its power solution in Nigeria.

At the recent signing ceremony in Dubai, when Gravitas and Jampur executed their power generation and supply agreement, Olufemi Babalola, said he was delighted that Gracefield is very much on course to deliver on a critical utility within its development modeled on the famous Century City in Cape Town, South Africa.

“The strategic power supply agreement will see power generation commence on the Gracefield Island before the last quarter of 2016. Jampur partnership for power supply reinforces it’s on-going plans for ‘Internet of Things’ in cooperation with leading telecom company in Nigeria”, said Babalola, adding that Gravitas is encouraged by the policy of Lagos State Governor,

Akinwunmi Ambode to encourage wealth creation by granting of incentives.
Besides, he noted that the commitment of the Federal government to critical infrastructure development by the recent appointment of Mr. Babatunde Fashola as Minister of Power, Works and Housing.
Projects such as Gracefield Island provide useful platforms for cooperation between government and private sector to expand and indeed innovate in the provision of public infrastructure. Jampur is set to roll out the first phase within 6 months with capacity to reach 50 megawatts.

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1 Comment
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