Dangote signs $95m contract with Siemens over Ibese gas turbines

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Dangote signs $95m contract with Siemens over Ibese gas turbines

Dangote Industries Cement division has signed a $95 million contract with Siemens International Turbomachinery for the production and supply of three gas turbines to power the Ibese Cement plant in Ogun State.  The three gas turbines are expected to generate 102 megawatts of electricity for the cement plant.Construction of the plant, which began late 2009, is expected to be completed by January 2011. The plant is estimated to produce 5 million metric tons of cement annually.   The contract was signed in Lagos by the president and chief executive of Dangote Group, Aliko Dangote, representing Dangote Group and managing director/chief executive, Waclaw Lukowicz, representing Siemens Ltd.   Present at the event were: Walter von den Driesch, consul general of the Federal Republic of Germany in Nigeria; Kunle Alake, chief operating officer of Dangote Group; Abdu Dantata, group executive director, Dangote Industries; Monica Musonda, director, legal and corporate affairs, Dangote Cement; Bhairappa Kashinath, deputy director, project division and Wole Adeleke, chief financial officer of Dangote Cement.  Dangote said: "We are pleased to partner with Siemens, a globally recognised company in power plant construction. This contract is a signpost to our desire and determination to meet our target of completing the Ibese plant in record time, and achieving the 20 million metric tons annual production target our cement division has set this year.  "We have made a pledge to ensure that the price of cement in Nigeria comes down, but that can only be possible if the product is available in the market through increased supply. We intend to keep this pledge. "Our cement division is expanding in various countries within Africa, and we hope that Siemens will cherish this relationship and meet our expectation, so that our partnership would be strengthened".  According to Lukowicz, "This contract is a significant milestone for Siemens Ltd., as it is the first large private non oil and gas power plant project in the history of Siemens in Nigeria."

Source: Businessday :: News you can trust

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