SUMMIT HILLS ESTATE; SOON TO ENJOY INDEPENDENT POWER.

Challenges of power at the summit hills estate Calabar will soon be a thing of the past as the estate is set to enjoy independent power supply.

This was disclosed by the Managing Director Mr Joseph Edet (LA'SHAKARA) when he received a delegation of investors today at the summit hills complex.

Speaking while welcoming the delegation led by Mr. Donald Dunu of Chord Power And Engineering Services Limited accompanied by Chudi Obianu, Vice President A.P Moller Capital and Ebbe Hamilton, Senior Advisor A.P Moller Capital, the MD emphasised the need for Summit Hills to have access to steady, clean and stable electricity as it will improve the status of the complex and make it the number one destination for convention, wellness, golf and residence in Nigeria and Africa as a whole.

"Your visit to Calabar and indeed the summit hills complex is timely and in line with His Excellency's vision of industrialization of the state. "

Continuing the MD Said " The need for steady power supply in this complex cannot be over emphasised as it will go a long way in making us the number one destination for Conferences and leisure in Nigeria"

He also pointed out that with the hospital, 5 star hotel and recreational Park projects coming up in a short while, the energy demand of the complex is bound to soar and depending on diesel powered generators will be too expensive to maintain.

" We have a world class hospital project situated within the complex a 5 star hotel and a recreational park coming up soon. When all of these facilities are ready for use, depending on diesel powered generators alone will be too expensive hence the need for alternative power source."

Also speaking, the Director General of Cross River State Investment Promotion Bureau, Barr. Tutu Ekeng welcomed the investors and assured them of the investment friendly nature of the state. She emphasised the desire of the Sen. Prof. Ben Ayade led administration to decouple the state from being a civil service state to an industrial and enterprise minded state.

The Commissioner for Power Mr Victor Agwu who was also present at the meeting assured of Government's readiness to partner in the project as the Governor places emphasis on industrialization of which power is a core enabler.


Responding, the leader of the delegation Mr. Donald Dunu, stated that what the project portends is that Summit Hills will receive electricity for usage and re-supply to their tenants using a Low Cost Entry Model where the management of Summit Hills will not need to invest money to procure,to train or manage the power facility.

The electricity will be sold at a price that hovers around the DISCO tariff such that it will make the re-sale tariff to the facilities, industries and organizations operating in the Summit Hills Complex very attractive while allowing Summit Hills management to generate revenue from the resale of the electricity.

Mr Dunu revealed that upon signing of a Power Sale Agreement, his company will go ahead to provide an initial 2MW of guaranteed electricity supply to Summit Hills via a robust next generation captive power plant to be fired by compressed natural gas (CNG) within four months.

The Special Adviser to the governor on Technical. Hon. Eric Akpo thanked the investors delegation and assured them of governments support towards the successful implementation of the project once all technical details have been put in place to ensure sustainability and make sure that global standards are met.

Dignitaries present at the meeting include, member representing Obudu state constituency Hon Godwin Akwaji and member representing Obubra 2 Constituency Hon Frank Ovat.

The meeting ended with a tour of Summit Hills facilities including the Calabar International Convention Centre.