News
$1bn Azura-Edo Power Plant Kicks Off, Friday …To Create 4,000 Jobs

Representative of part-time lecturers and the petitioners of the Rivers State College of Health Sciences appearing before the lawmakers on their employment racket. Joy Osuagwu (left) Egba Ifeanyi (middle) Dike Blessed (right) at the sitting of the House, recently. Photo: Chris Moyanaga
The Edo State Government has said that foundation laying ceremony of the $1billion Azura-Edo 1,000 megawatts gas-powered Independent Power Plant, will hold on Friday.
Chief Press Secretary to Governor Adams Oshiomhole, Mr Peter Okhiria, who said this in a statement yesterday, added that the first phase of the project, which was conceptualized in 2010 and jointly incubated by the Edo State Government under Comrade Adams Eric Oshiomhole and Amaya Capital, the key promoters of Azura Power West Africa Ltd, is 450-500megawatts to be scaled up to 1,000 megawatts in the second phase.
Okhiria said the Azura-Edo IPP will provide over 4,000 direct and indirect jobs for the people of the state from the construction to the post-construction period of the project.
The Azura project is the first Nigerian power project to benefit from the World Bank’s “Partial Risk Guarantee” structure which was specifically created to meet the developing needs of emerging markets globally.
The chief press secretary noted that the Azura-Edo IPP is expected to create the template for the successful development of IPPs in Nigeria and Edo State is playing a pioneering role in determining the future of Nigeria’s power sector.
According to him, “the Azura-Edo Power Project is a clear demonstration of the confidence of the international community in the economy of Edo State.
“It is an indication that Edo State is investor-friendly as the government under Comrade Adams Oshiomhole has put in place the necessary infrastructure to attract investors to the state.”
According to Okhiria, “this is another project conceptualized by the Edo State Government under the Public Private Partnership Programme to unlock the industrial potentials in the state and make the state the nation’s energy hub.”
The statement stressed that the foundation laying will be done by President Goodluck Jonathan.
Venue of the foundation laying ceremony is Ihovbe/ Orior Osemwende Communities, off Benin- Lagos Bypass, Benin City, from 9:00am.
News
Group Doles out N13m To Market Women In Isiama
News
Fubara’s Return Excites NCSU … As Hope Rises For Civil Servants
News
NDDC Organizes ADR Capacity Building for Staff
-
News4 days ago
Fubara’s Return Excites NCSU … As Hope Rises For Civil Servants
-
Opinion4 days ago
Man and Lessons from the Lion
-
Oil & Energy4 days ago
How Solar Canals Could Revolutionize the Water-Energy-Food Nexus
-
News4 days ago
CJN To Swear In 57 New SANs, Sept 29
-
Sports4 days ago
Bournemouth, Newcastle Share Points
-
Editorial4 days ago
No To Political Office Holders’ Salary Hike
-
Sports4 days ago
Sosa Pledges To Support Dolphins Swimming League
-
Oil & Energy4 days ago
FG Inaugurates National Energy Master Plan Implementation Committee