Financial Energy Review
The Board of First Independent Power Limited (FIPL), a Sahara Power Group company, has announced the appointment of Dr. Kenechukwu Nwangwu as its new Managing Director/Chief Executive Officer (CEO) as FIPL moves to ramp up generation via alternative energy sources.
A statement by the Head, Corporate Communications, Sahara Group Limited, Mr. Bethel Obioma, quoted the Group Managing Director (GMD), Sahara Power Group, Kola Adesina, as saying that Nwangwu’s appointment will drive FIPL’s ongoing transformation towards sustainable and efficient power generation, especially in the Niger Delta and South-south regions of Nigeria.
“We are excited to welcome Kenechukwu to the team at a time when Sahara Group is moving swiftly towards more responsible power generation in line with our commitment to promoting environmental sustainability. We also believe our young engineers will learn from the vast experience Kenechukwu is bringing to FIPL,” the statement quoted Adesina as saying.
He said since the acquisition in 2013, FIPL had achieved a remarkable capacity increase from 143 MW to 429 MW through continuous investment in overhauls, technology, and human capital.
The GMD also commended the Rivers State Government for its unwavering support and contribution to FIPL’s continuing success.
“We will continue to strengthen our collaboration with the government and good people of Rivers State towards enhancing industrialization and galvanizing socio-economic growth through FIPL’s efficient power generation and corporate citizenship,” he said.
Adesina added that FIPL’s team of young engineers would continue to infuse technology driven solutions that are facilitating top performance “while preparing FIPL for a future of smart energy generation powered by a healthy mix of different energy sources”.
Nwangwu, who brings over two decades of professional experience to FIPL, said he found the FIPL project “exceptional and future ready”.
According to him, “Just like other entities under the Sahara Group, FIPL has a unique value proposition for all stakeholders. I am delighted to join the vision of bringing energy to life responsibly to all stakeholders with Team FIPL.”
The new MD/CEO of FIPL joins FIPL from Shell Petroleum Development Company of Nigeria Ltd, where he was the CEO, SPDC JV Afam VI 650MW Combined Cycle Power Plant. He led the business creditably with notable achievement in enhancing uptime, optimizing production and reducing generation losses.
Besides being a Fellow of several professional bodies, Kenechukwu holds a degree in Electronic Engineering from the University of Nigeria, Nsukka, a Graduate Certificate in Oil and Gas Engineering at the SITP/ Robert Gordon University Aberdeen programme, and a master’s degree in Petroleum Technology from Curtin University Australia.
He also holds two Doctor of Business Administration (Honoris Causa) degrees from Maverick Business Academy London and Commonwealth University.
With a total installed capacity of 541MW, FIPL is a power generation company located in Rivers State, in the Niger Delta region of Southern Nigeria.
FIPL has four power plants under its portfolio strategically located across the state in Afam (180MW), Omoku (150MW), Trans Amadi (136MW) and Eleme (75MW). FIPL is the embodiment of technological innovation in Nigeria’s Electricity Generation Business, with its leading mobile application REMACS (Remote e-Monitoring and Control System) development leveraging its internal research and development team, to drive operational excellence, technological innovation, energy management and effective monitoring of the impact of the business on the environment.
