Edo State Signs MoU with Ossiomo Power Company to Generate 5MW of Electricity

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Edo State Governor Signs MoU with Ossiomo Power Company to Generate 5MW

Edo State Government on Wednesday signed a power purchase agreement with the Ossiomo Power and Infrastructure Project to generate 5 megawatts of electricity.
The state governor, Godwin Obaseki who signed the Memorandum of Understanding (MoU) with Onyeche Tifase, leader of the Ossiomo power delegation said the five mega watts of electricity  would be generated in the first phase of the 50 mega watts proposed electricity by the company.
Also Read;Lagos and Edo privileged to access World Bank loan in Africa, Obaseki
Obaseki said the signing of the power purchase  agreement was in furtherance of the previously outlined power plan for the state.
He added that the power project would also usher in uninterrupted power supply across the state, especially in strategic areas noting that Edo State is one of the transmission hubs and home of electricity in Nigeria.
The governor disclosed that the 5 megawatts would be transmitted on a new 35-kilometre double circuit 33Kva line, which is being constructed from Ologbo to Kings Square.
He also added that the project would be able to deliver 24/7 uninterrupted power to all government establishments located along Sapele Road axis including Government House, Secretariat, Court Complex, Central hospital, House of Assembly and also the Palace.
According to him, “we are confident from the facts available to us, that the design and engineering has been completed and that this facility hopefully should be ready within the next five months.”
“This transaction is the first phase of a 50-megawatt plant.”
“This is the first 5 megawatt, which the state is committed to purchasing from the conversation and negotiations that have taken place over the last three months.”
“It brings to reality our plans to industrialise Edo State. We have always made known the fact that Edo is home of electricity in Nigeria because we have the singular advantage of not only having the transmission hub in the state but also the availability of transmission gas and natural gas reserves.
“All these factors put Edo in a very competitive advantage to generate electricity. The bane of our development in Nigeria is lack of electricity. Therefore, any city or state that can offer reliable and uninterrupted power supply stands all the chance to get all the benefits accurable because of the availability of power”, he stated.
He however expressed confidence in the quality of services to be delivered by the company adding that about 5 megawatts would be used as take-off for the project.
He further added that the MoU would further facilitate the state government’s effort to actualise its vision towards attracting investment to the state.
Source: Business Day
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