Power Generation: Delta, Foreign Investors Signs MoUs

13

The Delta State government has signed four Memoranda of Understanding (MoU) with foreign investors towards generating sustainable power supply.

The MoUs signed were on the construction of 100MW Solar Power Plant at Otulokpo Umunnede, Delta State, with Yutai Li Nigeria Limited; the construction of 50MW Solar Power Plant in Delta State by Atlas Projects Limited; construction of 50MW Solar Power Plant at Evwreni Delta State by Spurmore International Limited and the construction of 8.5MW Gas-fired Power Plant (IPP) at Asaba by Bastanchury Power Solutions Limited.

Barr. New World Safugha, the Commissioner for Energy, revealed this when he briefed journalists on the activities and achievements of the Ministry of Energy, disclosing that the process of signing Power Purchase Agreement, (PPA), with Nigeria Bulk Electricity Trade (NBET) Plc had hindered the commencement of the Projects.

Safugha, also stated that in order to facilitate and sustain the conducive working condition of its workforce, the ministry on behalf of the state government had paid BEDC bills for government offices and residential quarters amounting to N109.7 million, since May 2015 to date.

He said that the state government had resolved to exploit all financing options in the development of energy projects through Public-Private Partnerships due to the massive investment cost requirement for projects/programmes.

“The state government would engage in capacity building of engineers/technical officers of the ministry and RDA through implementation of direct labour projects to facilitate the upgrading of their skills to realise the set objectives/targets of lifting Delta State from the present energy situation to the envisioned scenario especially following the deregulation of the power sector,’’ Safugha said.

SOURCE: INDEPENDENT

Leave A Reply

Your email address will not be published.