Investor Presentaiton
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New Initiatives: Power Company Set Up
FMN
Food and Agro-Allied Group
FMN is leveraging the Federal Government move to liberalize power generation and distribution to include private
companies. Over the years, FMN has invested in various power assets that we are now further optimizing
GPPL will manage all Power Assets centrally and will optimize costs and utilization.
Benefits Expected from Power Company Set Up
Reliable and Stable Power Supply.
Long run double digit cost savings foreseen from
reduction in transmission and distribution costs
associated with purchasing electricity.
Optimized management of and funding for the
Power Company.
Enhanced resilience and disaster recovery from a
backup power source that reduces the risk of
prolonged disruptions to operations
Alternative source of revenue as excess energy
generated could be distributed and sold to third
parties in the long run.
FLOUR MILLS OF NIGERIA PLC | INVESTOR PRESENTATION H1'24View entire presentation