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From Godwin Tsa, Abuja
The Edo State Government has signed an agreement with an indigenous energy company, E5 Energy Services Limited, to build a 100 megawatt hydropower station in the state.
According to the Memorandum of Understanding (MoU), the company will develop two state-of-the-art 50-megawatt power stations each in Ikpoba and Akoko-Edo areas of the state, utilizing the Ikpoba and Ojirami water dams.
The Managing Director of E5 Energy Services Ltd, David ‘Diya Ashaolu, said the groundbreaking agreement marks a significant milestone in the state’s quest for uninterrupted power supply and economic development.
He said the PPP project, which grants the company the initial exclusivity for 36 months, will not only ensure stable electricity for residents but also create employment opportunities for the local population by boosting businesses.
Ashaolu praised Governor Monday Okpebholo for fostering a business-friendly environment that attracts global investors, emphasizing that this partnership goes beyond power provision.
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“In addition to delivering sustainable, renewable and reliable electricity, we will establish an industrial park to further boost economic activities in Edo State,” he said.
In her speech, the Permanent Secretary in the Edo State Ministry of Mining and Industry, Mrs Omoruyi lauded E5 Energy’s initiative and assured the company of the government’s unwavering support throughout the project.
“The Edo State Government will provide a seamless working environment to ensure the success of this venture,” she stated.
In his reaction, the Special Adviser to the Governor on Investment, Mr Kizito Okpebholo, described the investment as a major economic boost for the state, while stressing the governor’s enthusiasm for the project.
“This development reflects the governor’s commitment to positioning Edo as the centre for sustainable energy and industrial growth,” he said.
He assured the company of the governor’s staunch support for the projects and advised them not to shy away from tabling any request they may have before him.
