Edo State has taken a 10 percent equity stake in a 200-megawatt independent power project being developed by Edo North Electricity Company Ltd., as the state moves to expand local electricity supply and reduce reliance on the national grid.
Paul Usenbo, the state’s commissioner for power, disclosed this after the company received its licence, describing the development as a major milestone for the project.
He said the company had completed the required financial and technical assessments and would now proceed with implementation, with the Ministry of Power to monitor the project over a 365-day period to ensure compliance with agreed timelines.
According to Usenbo, the plant will add 200MW to electricity available in the area, support the national grid and complement distribution companies operating in Edo North.
He said the project would help reduce the impact of inadequate power supply from the national grid and improve electricity stability across the senatorial district.
