Ebonyi signs $1.14bn contract for construction of IPP

 EBONYI State government, yesterday, signed $1.14 billion contract with foreign partners for the construction of the state’s Independent Power Plant, IPP.

The project, with the capacity of 2,700 megawatts, is expected to be completed within two years.   At the ceremony which took place at the State Executive Council meeting at Government House, Abakaliki, the Minister of Power, Professor Chinedu Nebo, said the project would boost industrial revolution of the state and the South East and enhance the development of other sectors of the economy.


The proposed power plant, which is jointly owned by Hodges and Bakers Field and Ebonyi State government at 80, 20 per cent share, would be constructed by a Korean firm.
The plant is to be located at West Bank of Cross River in Oferekpe/Akahuwhu Inyimegu in Ikwo Local Government Area of Ebonyi State.
The Minister of Power, Professor Chinedu Nebo, described the plant as the single largest power plant in the country.

Professor Nebo promised that the Federal Government would give the state necessary assistance to ensure that the project was actualised and commended Ebonyi State government for its visionary leadership.
Governor Martin Elechi said the project would increase the income stream of the state by N40 billion every year to accelerate the development of the state.

He commended the Minister of Power and development partners for their cooperation to ensure the realisation of the project.
Chief Executive Officer, Ebonyi Independent Plant, Mr. Terry Moreland, and the representative of the firm constructing the project, Mr. KES Sion, assured of their commitment to ensure the completion of the plant.

Culled from www.vanguardngr.com