A Chinese firm, Jiangsu Communication Clean Energy Technology Company Ltd (CCETC) and Ossiomo Power and Infrastructure Company Ltd have headed to Singapore International Centre for arbitration on the dispute between both partners.
Both firms entered a joint venture for the establishment of CCETC Ossiomo Power Company (COPC), through which the first Independent Power Plant (IPP) was built at Ologbo in Ikpoba-Okha Local Government.
The power plant produced 95MW, which delivered 24 hours electricity to its customers in Benin City.
Ownership dispute broke out and the Chinese partner shut down the power plant on September 1. Ossiomo Power insisted that it owned the firm 100 per cent.
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Edo State Government under Governor Monday Okpebholo has disconnected from Ossiomo Power through the 11kva it built to receive 5MW of electricity.
Other business owners connected to Ossiomo Power through the 11kva lines are yet to get power supply, even as Ossiomo restored electricity to its 33kva lines.
Counsel for Ossiomo Power, Emmanuel Usoh, confirmed the arbitration hearing in Singapore at a news briefing in Benin City.
