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Delta govt begins review on IPP

By Tare Youdeowei

ASABA—The Delta State government, recently, reawakened the hope of possible commencement of work on the hitherto abandoned Independent Power Plant, IPP, in Oghareki, Ethiope West Local Government Area of the state, as the committee charged with reviewing the project has officially commenced work.

As part of the review process, the committee, headed by the State Commissioner for Finance, Olorogun David Edevbie, was at the project site to, among other things, ascertain the level of work done so far, as well as access equipment so far procured.

Briefing journalists shortly after the guided tour of the facilities, the commissioner assured that reports of the committee’s findings would be made available before the end of the first quarter of 2018.

The expected report, according to Edevbie would guide the state government on the options of investing more money in the project to ensure its completion, engage the partnership of private investors to complete it, or may opt for the outright sale of the project.

His words: “We have appointed a financial consultant who has come to ascertain the level of work done so far on this site. With our presence here today, it is hopeful that within the next few months they will prepare their reports and thereafter we will take a decision on the way forward.

“From what we have seen so far, it is obvious that there is a problem because, sometime ago, the state government embarked on a project to establish an IPP that was expected to generate about 128 megawatts of power, yet we do not have power, we do not have an IPP on ground.

That is why we are here to see what we can do; to see how we can proffer a solution even if it means that the state government would invest more money to complete the project, or we may decide to bring in a private partner to complete it if we do not have the money to do so, or on the other hand, it may mean selling it out.”

“At the moment, we are still gathering information and as usual, there is opposition both internally and externally. But in all, I assure you that we will definitely find solution and get things done. This is not negotiable because a lot of money have been pumped into this project and we owe it to Deltans to come out with solution that is practicable” Edevbie assured.

Culled from :Here

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