Categories: Markets

Cross River to Complete 21MW Power Plant February

  • Cross River to Complete 21MW Power Plant February

The Cross River State Governor, Senator Ben Ayade, has set February 17, 2017 deadline for the delivery of the 21 megawatts power plant being built in the state.

A statement by the state government on Wednesday said the power project was one of the fruits of the several memoranda of understanding signed with foreign investors during the governor’s several investment trips round the world.

The governor, who spoke during a routine inspection of ongoing construction work at the site along the Parliamentary Extension, Calabar, described the power plant as a new, cost-effective technology.

He said, “As you can see, there is massive construction work going on here at the site; we are putting the structural base for the installation of the 21MW power turbines that have already been delivered on site.

“We have set February 17, 2017 deadline to deliver uninterrupted 24/7 power supply to Calabar metropolis. With this singular effort, Calabar will be the first capital city to have uninterrupted power supply in the country.

“The good thing is that this is the product and manifestation of the several memoranda of understanding I had signed early last year; and today, we are at the construction stage to deliver on this all-important project. Several young men are already engaged and we are making plans to engage some of them permanently as maintenance workers after the construction.”

The governor said the state was working in partnership with a Brazilian/American firm, which was also collaborating with the Cross River State Power Company to establish and deliver on the independent embedded power plant.

Ayade assured residents that the state had concluded arrangement with Lilleker and Port Harcourt Electricity Distribution Company to ensure steady power supply in Calabar during the carnival festival.

He said, “In line with this effort, the state has provided 88 new transformers across the city centre for improved power supply to ensure that all parts of Calabar are lit this December.”

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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