Energy Times – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Wed, 22 Apr 2026 15:14:15 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png Energy Times – Tech | Business | Economy https://techeconomy.ng 32 32 Egbin Power Named GenCo of the Year https://techeconomy.ng/egbin-power-named-genco-of-the-year/ https://techeconomy.ng/egbin-power-named-genco-of-the-year/#respond Wed, 22 Apr 2026 15:14:15 +0000 https://techeconomy.ng/?p=180342 Egbin Power Plc, Nigeria’s largest privately-owned thermal power generation company, has been named Electricity Generation Company of the Year by Energy Times, a leading publication in the energy, oil and gas sector.

This recognition highlights GenCo’s unwavering commitment to operational excellence and resilience in the face of industry-wide challenges.

The award was presented at the Energy Times Awards held in Ikeja, where key stakeholders across the energy value chain gathered to celebrate excellence and innovation within the industry.

In a statement, Egbin Power expressed appreciation to the organisers for the honour, noting that recognition in Nigeria’s power industry is earned through consistent performance rather than visibility.

The company emphasised that despite persistent structural constraints within the sector, its responsibility remains clear in delivering reliable megawatts to the national grid.

“At Egbin Power, we have made a deliberate choice to be reliable, disciplined, and performance-driven. This recognition reflects the resilience of our people, the strength of our operations, and our unwavering commitment to powering Nigeria sustainably,” the company stated. It further highlighted that the award is rooted in measurable outcomes, while acknowledging that much work remains to be done in strengthening the sector.

The company also reiterated that sustainable power extends beyond generation, stressing the need for an efficient end-to-end electricity value chain where every megawatt generated translates into value delivered and revenue recovered.

Egbin Power affirmed its commitment to leading industry conversations and setting performance benchmarks through example.

Speaking on the recognition, the Chief Executive Officer of Egbin Power Plc, Mokhtar Bounour, dedicated the award to the company’s workforce.

“All the credit for this recognition goes to the team, whose dedication, discipline, and determination continue to translate into outstanding results,” he said.

He also acknowledged the Board’s unwavering support, noting that strong alignment between governance and management has been critical in consistently raising performance standards.

Bounour further highlighted the role of Sahara Group in driving innovation and sustainability across the business.

According to him, the organisation remains focused on creating value for its stakeholders while contributing meaningfully to national development.

“We are not just generating power, we are powering the future. Technology will remain at the heart of this transformation, while sustainability and affordability are not ambitions, they are our standard,” he added.

Sahara Group Foundation, the CSR arm of Sahara Group (Egbin Power’s parent company), was also named the Social Impact Company of the Year for its significant contributions to sustainable development and socio-economic progress in Nigeria’s oil and gas sector and across Africa.

Energy Times, in its citation, commended Egbin Power for its notable improvements in average hourly power generation in 2025, achieved despite industry-wide challenges.

The organisers noted that the company sustained commendable output through enhanced operational efficiency, proactive asset management, and a firm commitment to national grid stability, further cementing its strategic importance in Nigeria’s power sector.

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Egbin Power Bags Sustainable Development Company Award  https://techeconomy.ng/egbin-power-bags-sustainable-development-company-award/ https://techeconomy.ng/egbin-power-bags-sustainable-development-company-award/#respond Mon, 14 Apr 2025 14:31:21 +0000 https://techeconomy.ng/?p=156809 Egbin Power Plc, Nigeria’s largest power generation company, has once again affirmed its leadership in sustainability, clinching the Sustainable Development Company of the Year title at the industry-focused Energy Times Awards 2024.

The company was recognized for incorporating sustainability into its core operations, successfully integrating economic growth, social impact, and environmental stewardship.

The award organisers referred to Egbin Power’s approach as a blueprint for the future of energy development in Nigeria.

According to the award organisers,

“Egbin has demonstrated what it means to lead with purpose through innovation, strategic collaborations, and strong community engagement. The company is not only generating power but also fostering sustainable development by promoting growth, reducing environmental impact, and improving lives.”

Speaking on the award, Mokhtar Bounour, CEO of Egbin Power, stated that it validates the company’s long-standing commitment to excellence and social impact.

He said,

“This recognition reflects the unwavering dedication of our team and partners. At Egbin, we don’t just talk about sustainability; we live it through every initiative, investment, and innovation. We are committed to leading the charge in sustainable energy practices in Nigeria’s energy landscape.”

“Our journey towards sustainability is ongoing, and we are determined to innovate and inspire others in the industry. Together, we can create a more sustainable future for generations to come,” he added.

The Energy Times Awards ceremony gathered key players from across the energy value chain, including government dignitaries, industry experts, and corporate leaders, highlighting the significance of the recognition.

Egbin Power has consistently shown its commitment to sustainability by implementing cutting-edge technologies and practices that minimise environmental impact while maximising efficiency.

The company has deployed clean energy transportation methods, such as electric scooters and bicycles, and initiated walk-to-work initiatives.

Egbin also organizes shoreline clean-ups and afforestation campaigns, setting a new standard for responsible corporate citizenship.

Moreover, the company’s impact goes beyond its operations. Through strategic social interventions, Egbin addresses critical infrastructure and development gaps in its host communities, focusing on sustainable development initiatives.

These efforts include providing a fully furnished 5-bed Intensive Care Unit (ICU) at General Hospital Ijede, making quarterly donations of medication and medical supplies to the hospital and Primary Health Care Centres (PHC), and offering access to quality healthcare through its annual medical outreach in host communities.

Other programs by Egbin Power, such as the donation of solar-powered boreholes, annual scholarships, community football competitions, and empowerment schemes, are designed to promote economic growth and sustainable development.

As global attention on sustainability intensifies, Egbin Power is positioning itself not just as a power generator but as a force for good, setting a precedent for responsible sustainable development in Nigeria’s energy landscape.

The company remains focused on innovation and sustainability, establishing benchmarks for other organisations in the region.

The Energy Times Awards celebrate excellence in the energy sector, recognizing companies and individuals who have made significant contributions to the industry.

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