Enyimba Economic City Development Company FZE, the developers of Enyimba Economic City, a 9,803 Hectares Greenfield Special Economic Zone in Abia State, a Public Private Partnership (PPP) project of Crown Realties Plc., Abia State Government and Federal Government of Nigeria under the Made in Nigeria for Export (MINE) programme of the Federal Government of Nigeria, congratulates Geometric Power on the official commissioning of Aba Integrated Power Project (AIPP).

Aba Integrated Power Project ring-fenced nine (9) local governments of Abia State including the commercial and industrial city of Aba for provision of 24/7 power supply. By the ring-fence, AIPP is a full utility company in the entire value chain of power business including generation, distribution and marketing.

The ceremony is the commissioning by and the esteem presence of The President of Nigeria, His Excellency, President Bola Ahmed Tinubu, GCFR, on Monday 26 February, 2024, of its 188 MW gas-powered generation plant in Osisioma, Aba, Abia State. The event is poised to draw dignitaries from across the country and businesses.

Enyimba Economic City and Geometric AIPP are jointly financed by African Export Import Bank, Cairo, Egypt, at the back of each other. Geometric AIPP is the Bank’s recognised power partner for Enyimba Economic City, with which it has signed a 90MW Power Purchase Agreement (PPA) for the first phase of Enyimba Economic City. This momentous occasion therefore, not only signifies the launch of Geometric Power operation but also marks the significant step towards the take-off of $288.7 million, first phase of the project.


Enyimba Economic City is located in three local governments of Abia State, Ukwa West, Ukwa East and Ugwunagbo with growth sectors in Manufacturing, Logistics, Healthcare, Entertainment, Education, Innovation and Technology Hub, Commercial, Lifestyle Residential and Aviation.

The first phase of the project is 1,499 hectares of land that includes First Industrial Township and Logistics Park with Full Origin and Destination (OD) Inland Port connected by rail to both Port Harcourt and Onne seaports. On 14 November, 2023, the Board of Afreximbank approved $201.7million syndicated debt for the project with Afreximbank underwriting $150million. Currently, the loan legal documentation is ongoing.

The two (2) interstate highways that are vital for connectivity for the project, Enugu – Port Harcourt (200km) and Onitsha – Owerri – Aba (161km) are also concessioned to a consortium led by Enyimba Economic City Development Company FZE that includes CCECC Nigeria Limited (EPC), Escher Silverman Global, UK (Technical), Instatoll of South Africa (Operations & Management) and Afrinvest (WA) Limited (Financial). Route Survey, Redesign, Traffic Studies, Revenue Modelling, Willingness to Pay Studies, are currently ongoing on the roads. With the planned 82km highway from Azumini in Abia State bisecting the A3-Enugu Port Harcourt Highway to Obinze in Owerri.

The intervention on the external connectivity makes Enyimba Economic City 90 minutes driving distance accessible to the 11 states of Southsouth/Southeast of Nigeria and connected to economic activities of the whole Nigeria. The intermodal logistics, road, rail, airport and seaports is also planned to make Enyimba Economic City a “global business hub in Nigeria” and African Continental Free Trade Agreement (AfCFTA) compliant.

It is noteworthy that Enyimba Economic City won the first prize of the Global New Cities Business Plan Contest of the Chartered Cities Institute in Washington DC in 2019, beating Black Stone Charter City in Australia to second prize and Novgorod New Hanse Town in Russia to third place, as a new city that has the capacity to transform the economy of the country. The award included a US$25,000 cash prize.

Enyimba Economic City Development Company FZE has started to build marketing teams by engaging zone marketing/FDI Companies in India (Crescendo Worldwide), China (Brilliance Co. Limited) and Nigeria (Commodities Development Initiative). There are a total 127 manufacturing leads from the three (3) territories currently. The project is planned to be launched by Q2 of 2024.

Once again, congratulations to our esteemed partners, Geometric AIPP, their indefatigable Chairman, Prof Bart Nnaji and the Governor of Abia State, His Excellency, Alex Otti.

Source: https://www.premiumtimesng.com/promoted/671051-with-geometric-power-aipp-ready-enyimba-economic-city-first-phase-is-ready-to-take-off.html

Abia State means business!

Is time for people to start relocating to ABA with that steady electricity

Seunpapa65:
Is time for people to start relocating to ABA with that steady electricity

The light is it only for ABA?

Beautifulday:


The light is it only for ABA?

Yes
The $800M Geometric Power Plant on Monday the 26th feb, the company will start the distribution of power to residents in Aba mega city, comprising 9 local government areas:
Aba north
Aba south
Obingwa
Osisioma
Ukwa east
Ukwa west
Isiala ngwa north
Isiala ngwa south
UGWUNAGBO local government areas.

Aba Geometric Power Integrated Company will become the first electricity company in Nigeria to generate and distribute power on their own through gas. Aba will be separated from the national grid.

The company has laid a pipeline to distribute gas from Owaza to their station in Osisioma. There is a 99% certainty that Aba will enjoy 24/7 electricity.

Go and get a prepaid meter

its only for nine local government

Na wa...

Who would believe Aba is having a face lift?? When I lived on Aba during Ochendo Global,na so so street water dey reach my knee along Okpo-Umuobo road, Ayanorlu road etc...

It's great seeing a vision filled governor working to change this mega city... Osisioma go don beautiful now

Seunpapa65:

Yes
The $800M Geometric Power Plant on Monday the 26th feb, the company will start the distribution of power to residents in Aba mega city, comprising 9 local government areas:
Aba north
Aba south
Obingwa
Osisioma
Ukwa east
Ukwa west
Isiala ngwa north
Isiala ngwa south
UGWUNAGBO local government areas.

Aba Geometric Power Integrated Company will become the first electricity company in Nigeria to generate and distribute power on their own through gas. Aba will be separated from the national grid.

The company has laid a pipeline to distribute gas from Owaza to their station in Osisioma. There is a 99% certainty that Aba will enjoy 24/7 electricity.

Go and get a prepaid meter

its only for nine local government

So Umuahia and other places are left out?

After this, the Aba Seaport will follow.

Elect good and visionary leaders, una say NO.

Beautifulday:


So Umuahia and other places are left out?

For now, until the plant is upgraded.

Seunpapa65:

Yes
The $800M Geometric Power Plant on Monday the 26th feb, the company will start the distribution of power to residents in Aba mega city, comprising 9 local government areas:
Aba north
Aba south
Obingwa
Osisioma
Ukwa east
Ukwa west
Isiala ngwa north
Isiala ngwa south
UGWUNAGBO local government areas.

Aba Geometric Power Integrated Company will become the first electricity company in Nigeria to generate and distribute power on their own through gas. Aba will be separated from the national grid.

The company has laid a pipeline to distribute gas from Owaza to their station in Osisioma. There is a 99% certainty that Aba will enjoy 24/7 electricity.

Go and get a prepaid meter

its only for nine local government

No Isikwato or Bende... The corpers town?

IamAtikulate:

For now, until the plant is upgraded.

Ok, make ABA get light first. I no too like over hyping. You see wetin Tinubu dey do now? Nah too much hype. The same happened to Buhari.

No allow people over hype you ooh. Make them see wetin you fit do as e dey happen.

Jokerman:


No Isikwato or Bende... The corpers town?

I think the project is mainly for ABA for now