L-R, Chief Financial Officer of Egbin Power, Yetunde Sorinola; Rev. Dr Wole Adebayo, District Overseer, Foursquare Gospel Church; CEO of Egbin Power, Mokhtar Bounour; Chairman, Editorial Board, Energy Times, Mallam Yakubu Lawal; Head of Enterprise Risk, Egbin Power, Babatope Ajayi, during the presentation of GenCo of the Year 2025 Award to Egbin Power at the Awards ceremony in Ikeja, Lagos
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.
