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New IPP In Edo To Boost Energy By 450MW

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Everything needed to commence the construction of the $1 billion Azura Independent Power Plant (IPP) in Edo State is on ground, President Goodluck Jonathan has said, noting that the 450 megawatts IPP was a sign of the Federal Government’s commitment to power sector reforms.

“I am pleased to join you today on this history making occasion as we witness the ground-breaking of the Azura Edo Power Project. This initiative is a major milestone in our power sector reforms programme and we are happy to associate with Azura as this model of private sector investment in new generation capacity represents the next logical step in our vision for uninterrupted access to power for our people,” said Jonathan who noted that the “project financed” Greenfield IPP represented a great opportunity for more private sector-led investments in Nigeria’s electricity industry.

“This project is a first in many ways. It is the first fully financed private sector power plant to get to this final stage, under the new framework facilitated by our reform instituted agencies. It is the first power generation project to receive the World Bank Partial Risk Guarantee and Multilateral Investment Guarantee Agency (MIGA) support. It is also the first signal from the global financial industry that the years of work that the federal government has dedicated to the reform of the power sector, in order to attract private sector developers and financing, is finally yielding results,” the president said.

“This 450 megawatts of new generation capacity has attracted almost a billion dollar, mainly in foreign direct investment, into the power sector; comprised of $700 million in construction of the power plant and $300 million in associated gas supply infrastructure,” he said further.

He expressed the government’s commitment to repositioning the Nigerian power sector as a pivot for the attainment of the nation’s developmental targets. He also said the government was working towards diversifying energy source.

Being developed by a consortium of local and international investors led by Amaya Capital Limited and American Capital Energy and Infrastructure, Azura-Edo IPP comprises a 450MW open cycle gas turbine power station; a short transmission line connecting the power plant to a local substation and a short underground gas pipeline connecting the power plant to the country’s main gas-supply. It represents the first phase of a 1,500MW power plant facility to be built on the same site.

Present at the tod surning of the plant include Governor of Edo State, Adams Oshiomhole, Ministers of Power and Petroleum Resources, Chinedu Nebo and Diezani Alison-Madueke amongst others.

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1 Comment

1 Comment

  1. ademola adetayo .s

    October 11, 2014 at 9:27 pm

    Thanks for your kindly gesture in reforming the power sector. not only that sectors alone that have received reform. Our own president Goodluck Ebele jonathan. We are strongly behind you on your campaign on second term in office, because one Good turn deserved another. Carry go PGEJ.

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Metro News

BREAKING: Police Arrest Suspects As Explosion Rocks Wike Father’s Church

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BREAKING: Police Arrest Suspects As Explosion Rocks Wike Father’s Church

Nyesom Wike

An explosion has reportedly rocked a church belonging to the father of Rivers Governor, Nyesom Wike, in Port Harcourt, the state capital.

The Rivers State Police Command has however announced the arrest of three suspects who allegedly detonated explosives at a Pentecostal church, Christain Universal Church International, located at Mile 3, Diobu area of Port Harcourt.

Also Read: Buhari Will Set Nigeria On Fire If He Doesn’t Implement People’s Demands —Wike

The act was reportedly carried out on Saturday night and detonated the explosives suspected to be dynamite.

According to reports, a significant part of the church was damaged by the explosion, which created panic in the area.

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Metro News

Gunmen Abduct Wife Of Akeredolu’s Chief Of Staff

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 Gunmen Abduct Wife Of Akeredolu’s Chief Of Staff

Ondo on map

Kidnappers on Friday abducted the wife of Olugbenga Ale, Chief of Staff to Ondo State Governor, Rotimi Akeredolu.

According to reports, she was kidnapped around Owena after the Joseph Ayo Babalola University while on her way back to Ondo from Lagos State.

Also Read: Unknown Gunmen Kill Ondo Traditional Ruler, Olufon Of Ifon

The police spokesman in the state, ASP Tee-Leo Ikoro, confirmed the news to Channels Television on Friday.

This development is coming about twenty-four hours after a first-class traditional ruler in Ondo State, the Olufon of Ifon in Ose local government, Oba Isreal Adeusi, was murdered by suspected kidnappers.

 

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Tech News

TECNO Stormed Computer Village with BBNaija’s OZO to Wrap up its Black Friday Sales Activities

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The month of November is always known for its intense sales activities because the best deals of the year come
during the Black Friday Period. For TECNO, Africa Number One mobile brand, it was the time to reward its
customers with massive discounts and various gift items while also unveiling some of its new devices.

The brand in collaboration with SLOT stormed computer village as part of the events to wrap up its black Friday
sale activities, hosted BBNaija’s Ozoemena Chukwu to a hangout at SLOT Ikeja.

Fans and customers had a fun time interacting with the handsome celebrity while enjoying discount offers on
TECNO devices. Different deals and gift items were up for grabs as customers who made purchases at the store
enjoyed 50% discounts on Spark 5, Camon 16 Series and 100% cashback on the Spark 5 Pro.

The major highlight of the event was the presentation prizes to lucky winners. Customers who participated in
the spin the wheel game won gifts items such as Bluetooth Speaker; Power Bank and kettle while those who
participated in the Scratch and Win Promo won for themselves different deals ranging from 50% to 100%
cashback.

TECNO also introduced two latest devices-the Spark GO 2020-powered by Google Android 10 Go Edition and a
TECNO POVA. POVA means ‘Powering Optimal Value and Ambitions’ is a rebrand of the popular battery series
formerly known as Pouvoir was inspired by the zeal to deliver budget-friendly smartphones with superior
gaming experience.

The first of its kind 6.8-inch TECNO POVA, is powered by Mediatek Helio G80 octa-core processor and hyper-
engine game technology that transforms gameplay experience giving ultimate stability and a high refresh rate.
Additionally, users will benefit from the “Game Space,” “Game Mode,” and “Game Assistant 2.0” features,
allowing them to switch to the “do not disturb” function, a much-anticipated experience all gamers will
absolutely enjoy.

The TECNO POVA is also equipped with a power-packed multitasking effect ramped up by 6GB RAM and 128GB
of internal memory. The device also has a 6000mAh super big battery, 18W Dual IC Flash charger, a standby
time of 30 days and the ability to play music for 8 days straight, on just a single charge. It’s the perfect
smartphone offering a way to worry less about low battery.

The new devices are available for purchase this November and for the rest of November, customers will enjoy
amazing discounts, instant and mega prizes on TECNO devices.

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