The Anambra State Government on 18th July signed a Memorandum of Understanding (MoU)with an electricity generating company, Zolts Energy Limited, for the construction of a 40 Megawatts Embedded Power Generating Plant in Ogbaru area of the state.

The MoU with a total investment worth US$47.25 million which aims to generate and sell electricity to the Enugu Electricity Distribution Company, EEDC, will see the investor put in $45 million as its equity contribution, while the Anambra State Government is to bring the sum of $2.2 million and also grant to the SPV, Certificate of Occupancy for the 3 hectares of land to be used for the project.

While signing the papers, the state Governor, Willie Obiano said Power being a key enabler in his administration's development blueprint, is getting maximum attention from his government, adding that the MoU brings to four, the total number of Power generating companies that it's partnering with so far.

The governor noted that the siting of the proposed power plant near the Onitsha industrial layout, is strategic to ensure that the industries in the Harbour get the required power to operate at maximum capacity.

Gov Obiano noted that the Project also holds great employment and IGR prospects for the State, urged the investor to immediately hit the ground running, assuring that the State is committed to meeting its own side of the deal.

The state Chairman of the Anambra State Investment Provision and Protection Agency(ANSIPPA), Chief Joe-Billy Ekwunife stated that the MoU was structured in line with international best practices in investment. He revealed that an agreement has been reached with the investor that work will commence on the project site within 6 months of the issuance of the land title, or it will be revoked.

Earlier, the Chairman of the State's Power Committee, Mr Chike Okonkwo acknowledged that the 18 months designated for the execution of the project will ensure that it is realistic, noting that they are committed through constant monitoring of the project, to ensure that it is properly executed.

Chairman of the investing company, Chief Dominic Ekesi hailed Gov Obiano's vision to engage the Private Sector to support government's initiative for adequate Power supply and delivery in the state, adding that they have an understanding with the EEDC for preference to be given to the State in the Distribution of the Electricity to be generated by the company.

The Commissioner for Economic Planning, Budget and Development, Mr Mark Okoye Jr commended the Governor Obiano for his innovation and creativity that has translated in the positive overhaul of the State's investment processes and the investor for finding the state a credible partner in the venture.

cc; Lalasticlala,mynd44

Source: http://www.trezzyblog.com/2016/07/pdp-senators-visits-former-president.html

Ok

Na-aga n'iru ndi Anambra kwu gi na-azu, idi anyi mma; I ga-achi anyi ozo


chukwu gozie Ndi Anambra
Chukwu Gozie UMU IGBO

Impressive!
The 40mw plant can power about 8,000 houses

This will definitely reflect on the standard of living in the state. The Governor that has the well being and interest of the people in his mind.

one thing is certain obiano is working.. today is my birthday show me some love fellow nairalanders on dis nice thread my igbo brodas show some love

Anambra, the light of the nation.

I'm not proud of being a Nigerian, but I'm not only proud of being an Anambrarian, I'm grateful too.

In the spirit of Anambra...we stay together.

Proudly from Aguata LGA in Anambra State. Keep the good work Sir.

Bolustic:
Kudos to Obiano, the man is really on point.

But I have observed anytime an APC south west governor, especially Ambode and Aregbe commission projects or does something similar like this, the page is inundated with banal comments like,

"Nothing special, he is just doing his work"
"Why is he building road when he is owing workers salary?"

BUT if

Fayose, Wike, Obiano does the same despite the fact that the first two are also owing workers, we hear different praises, chest beating.

I just believe it's jealousy and bad belle

just get out of this thread. Chronic tribalist

Thumps up sir....

It's been long I resolved never to publicly denigrate my tribe or people, no matter what. Never. Igbo people are still the only people who publicly disparage their own to sound 'objective', 'balanced', 'civilised', 'activistic', and like 'something else'. Those who habitually do this hope to carry favour from and win popularity with other tribes who, inwardly and genuinely, see them as losers. And this attitude has never helped any of the grovellers. They always come home, old, crying and full of 'lessons'.
My own pledge!

Culled from David Okoroafor FB wall.

Gradually and steadily we will get there

Willing working governor