Ekiti State attracts independent power investors
The Ekiti State Governor, Abiodun Oyebanji says the recently commissioned 3.6 megawatts independent power plant by Fenchurch Group will ease the burden of providing adequate electricity for government infrastructure, businesses and indigenes. In an exclusive interview with CNBC Africa’s Akin Obakeye, the governor stresses that the government is working to provide the needed infrastructure to attract investments.
Tue, 28 Nov 2023 12:57:44 GMT
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AI Generated Summary
- Establishing an independent power plant to address electricity challenges in Ekiti State.
- Efforts to connect more communities to electricity and support businesses.
- Plans to expand the project and attract additional investors to the region.
Ekiti State, a state in Nigeria, is making significant progress in attracting independent power investors to the region. The recently commissioned 3.6 megawatts independent power plant by Fenchurch Group is set to alleviate the challenge of providing sufficient electricity for government infrastructure, businesses, and residents. In an exclusive interview with CNBC Africa's Akin Obakeye, the Ekiti State Governor, Abiodun Oyebanji, emphasized the importance of establishing a conducive environment to attract investors. Governor Oyebanji highlighted the unique position of Ekiti State and the efforts being made to enhance infrastructure to facilitate investments. One of the key factors for attracting investments is reliable electricity supply, which has been a challenge for the state due to its partial connection to the national grid. The governor outlined the steps taken to address this issue, including the completion of the 3.6-megawatt independent power plant and ongoing efforts to connect more communities to electricity. The commitment of the Ekiti State government to support businesses and provide a stable power supply is expected to further boost investor confidence in the region. The governor mentioned plans to scale up the project in collaboration with private sector players and attract more investors to participate in the power sector in Ekiti State.
