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The government of Imo State has signed a pact with an Egyptian power generation, transmission and distribution company, Madkour Group, to solve the perennial epileptic power supply in the State.
According to a release signed by the Chief Press Secretary and Media Adviser to the Governor, Oguwike Nwachuku, the Memorandum of Understanding (MOU) with Madkour group, was signed in Government House Owerri yesterday to formalise months of partnership discussions between the management of the Egyptian firm and those of the Orashi Electricity Company of Imo State.
While the President of the Egyptian firm, Dr. Mostafa Madkour signed for Madkour Group, Valentine Obumeyan, the Acting General Manager of Orashi Electricity Company of Imo State signed on behalf of the State government. Both parties agreed to “set Imo State on fire” by January next year.
Addressing the audience at the signing ceremony, Governor Hope Uzodimma said his administration had already “assented to a law on power generation for the State and the law created Orashi Electricity Company Limited for Imo State.”
He said the Federal Government supported the State in the establishment of the company as a technical and financial partner.
“The need for partners became necessary because the business of power generation, distribution and transmission is capital intensive and it is not what the State can carry alone.
“This informed the coming of Madkour Group to partner Orashi Electricity Company Limited of Imo State as both technical and financial partners,” he said.
“As part of the deliverables, by January next year (2025) we will be able to generate, transmit and distribute our own power,” the Governor said.
Responding on behalf of the Madkour Group, the President, Dr. Madkour, thanked the Governor for trusting in their capacity and accepting to engage them in the partnership.
