Ogun signs $476m agreement to generate 276 MW electricity

Ogun signs $476m agreement to generate 276 megawatt of electricity

Ogun State government has signed a memorandum of understanding with eight independent power providers and waste to energy companies, for the generation of 276 megawatts of electricity, at different locations in the state.

The execution of the project is scheduled to begin within the next three months.

The $476 million projects which will generate electricity from natural gas, solar, waste to energy, and joule box will be sited at Adigbe and Oke Mosan, both in Abeokuta, as well as  Ogijo, Agbara, Ikenne, Ago Iwoye and Ilaro.

Other locations are the Ogun State Polytechnic, Ipokia, and the proposed Federal Airport at Wasinmi.

The companies to execute the project are Earl Grey Nigeria limited to generate 8 megawatts, at the cost of $25 million, Gateway Solar Power International Limited (125 megawatts at the cost of $200 million), and Nanovo energy (five megawatts at the cost of $47 million).

Also, Nikenando will generate between five to 20 megawatts at the cost of $46 million, Renaissance Impex Energy (eight megawatts at $35 million), Sholep Energy (five megawatts at $10 million), Solonic (100 megawatts at the cost of $100 million) while Tido Tech will generate five megawatts at the cost of $13 million.

Secretary to the State Government, Taiwo Adeoluwa after signing the agreement on behalf of the state government at the Governor’s Office, Abeokuta, said some of the power to be generated by the company, will be supplied to public hospitals, health centers, police stations, and educational institutions in the state.

The Special Adviser to the state governor on energy, Chief Akinsanya Fagbemi, also said that part of the generated power will be distributed to residents in the state through the Ibadan Electricity Distribution Company.

 

Justice commissioner, Doctor Olumide Ayeni, explained that two hectares of land has been allocated to the companies in all the designated locations, to ensure speedy delivery.

Some of the independent power providers promised to complete the power project within the next 18 months, and employ over five thousand workers during and after the construction of the power stations.

They also promised to expose the electrical and engineering students in all tertiary institution where the power stations are located.

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