President and Chief Executive Officer of Dangote Group, Aliko Dangote, has disclosed that the group generates up to 1,540 megawatts for manufacturing operations in all its subsidiaries.
Dangote disclosed this while speaking during a fireside chat with the Prime Minister of Grenada, where he was a Special Guest.
He said his investment in power generation was to achieve energy sufficiency and independence rather than be subjected to Nigeria’s insufficient and unreliable power supply.
According to him, the decision was advised by business experts just when he was getting prepared to transit from trade exclusive to manufacturing.
“The second issue has to do with electricity. And the only way we thought to address that was to decide that for all our businesses, we would generate our own power. And that’s why today if you look at it as a group, we are generating our own power, self-consumed power, 1540 megawatts,” he said.
The Prime Minister of Grenada, Dickon Mitchell, expressed his admiration for Dangote Group’s power generating capacity, noting that the country generates 50 megawatts.
“The total amount of power being generated by Grenada is 50 megawatts. So, your businesses generate more power than the entire island,” he added.
