Economy
Ossiomo Power commissions 40MW IPP to power Industrial Park in Edo
Ossiomo Power in Benin City has commissioned a 40MW Independent Power Plant dedicated to providing power to the Benin Industrial and Enterprise Park and local communities in Ologbo, Ikpoba Okha Local Government Area of Edo State. Managing Director, Ossiomo Power, Dr. Uwa Igiehon, in an interview with journalists, said in conjunction with the Edo State Government, the power plant is providing 24/7 power to Ologbo and Obayantor communities in the area. He noted that the development is a testament to Governor Godwin Obaseki’s pledge to light up Edo State.
The Benin Enterprise Park (BEP) is a 997-hectare, mixed-use, development designed to accommodate light industries and residential zones. The BEP will be equipped with a state-of-the-art civil infrastructure comprising graded plots, roads, power, water, communications, drainage, sewage treatment plant, effluent treatment plant, stormwater drains, rainwater harvesting, and firefighting facilities, among others. It will also include specialised infrastructure, such as quality control labs, quality certification centres, raw material storage, and other warehousing and logistics services.
According to Dr. Igiehon, “The 40MW plant was tested on 29th of December and is fully operational. At the moment, the plant is providing electricity to Ologbo and Obayantor communities in the area.” It will be recalled that Ologbo community had been severed from the Benin Electricity Distribution Company (BEDC) for the past four years, which had thrown the community into darkness. Dr. Igiehon said the initiative has proven succour to members of Ologbo community who now benefit from the power supply from the new power plant.
-
Oil and Gas17 hours agoPetrol pump price to fall below N740 per litre before Christmas as Dangote alleges sleaze at NMDPRA, demands investigation, prosecution of Farouk Ahmed
-
Economy11 hours agoNigeria’s headline inflation rate decline to 14.45% y/y–NBS
-
News12 hours agoSpread between official, unofficial foreign exchange markets dropped by N30.59US$/1—Coronation
-
Oil and Gas1 day agoNigeria issues permits for gas-flaring project, targets $2bn investment and 3 GW power potential
-
Stock Market12 hours agoCordros Securities tips GTCO as top pick for 2026 due to superior assets
-
Finance12 hours agoBitcoin value drops to $88k over Bank of Japan central bank rate cut anticipation
-
News1 day agoExplore alternative management, concession models for TCN to improve efficiency, investment–CPPE to FG
-
News1 day agoAfreximbank breaks ground on its trade centre, new headquarters in Egypt’s new capital
