BUA Cement P1

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BUA Cement PLC (“BUA” or “the Company”) owns and operates two cement plants i.e., one in Sokoto State, northwestern Nigeria known as the Kalambaina plant, and another one in the Edo State, in southern Nigeria. BUA is a listed company on the Nigerian Stock exchange, and one of the largest companies by market capitalization in the country.  The project is BUA’s expansion of the Sokoto Kalambaina plant (“SKP”) (“the Project”). The Project includes i) expanding cement production capacity by 6 MTPA by constructing two modern, large-scale integrated cement lines i.e., lines 4 and 5 ii) constructing 120 MW (existing 50 MW plus new 70 MW) of captive gas-based power plants; iii) installing a 10 MW solar power plant; iv) expanding the cement distribution fleet; v) expansion of quarry operations including equipment and machinery to increase associated operations; vi) constructing additional storage silos, vii) building infrastructure in support of the use of liquified natural gas (LNG) allied to additional diesel storage tanks, and viii) working capital. Project implementation and construction is already ongoing.