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.
