The Ondo State government at the weekend signed a Power Purchase Agreement (PPA) with a private power company, Alagbaka Power Limited, to boost power supply across the state.
The Secretary to the State Government (SSG), Ifedayo Abegunde, who signed the PPA, said the project was part of the efforts of the Oluwarotimi Akeredolu administration to solve power supply challenges.
The Special Adviser (SA) to the Governor on Public Utilities, Tunji Light Ariyomo said the company would site a 15 megawatts (MW) gas-fired power generation plant in Alagbaka GRA, Akure, the state capital.
He said it would feed government facilities in the GRA as well as some government-owned residential estates in Alagbaka and Ijapo areas within the state capital.
Ariyomo said the governor was passionate about solving power problems as soon as to make the state the most preferred for investors.
The Managing Director/Chief Executive of the company, Victor Adedeji, said the signing of the PPA was the major prelude to make the company start operations.
He added that the company would move to site immediately and begin installation of the equipment for power generation and distribution to captive zones.
Adedeji, who was accompanied by the company’s Legal Adviser, Olawale Aro, promised that the plant would be ready for operations in the next 18 months.
Ariyomo described the event as an epoch-making exercise in the state capital.
He said it would bring to two the number of PPAs activated by the Akeredolu administration.
The governor’s aide recalled that another state-sponsored generation source was coming to the southern to improve energy supply and uninterrupted power supply for residents of Igbokoda and its environs.
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