Nigerians across the country are presently experiencing epileptic power supply yet there has been an increase in tariff by the electricity distribution companies (DisCos).
The DisCos have attributed the persistent poor supply to the load shedding by the Transmission as a result of power generation.
Going by industry statistics, some of them are gas-related issues, which has affected the country’s power generation. Dispatch of the generated electricity remains elusive as transmission and distribution bottlenecks are frequently blamed for the capacity to wheel power to end-users.
Earlier today Governor Okezie Ikpeazu inspected the facilities at the Geometric Power Project at the Osisioma Industrial Layout.
The Governor was received by the Chairman/CEO of Geometric Power Ltd, Professor Barth Nnaji and his wife; and introduced him to key personnel of the company.
Prof Nnaji stated the entire Aba gets a maximum of 50 megawatts of power from the National Grid but that the plant can produce 140 megawatts of electricity which is more than enough to provide steady and sustainable power to Aba and its environs.
He revealed that all that is required to support infrastructure was in place, including a 17km pipeline that takes gas from Owaza in Ukwa West LGA to the plant adding that in six months, the plant will be commissioned for the supply of power to the people of Abia State.
The Aba Integrated Power Project is a fully integrated generation and distribution utility located in Osisioma, Aba, Abia State, Nigeria, comprising a gas-fired embedded power plant with General Electric Gas Turbines, with an initial capacity of 141mw, to be upgraded to its licensed 188mw capacity.
Prof Nnaji stated the sum of $500 million had already been invested in the project, long before the contractual issues which lasted nine years, stalled the project; adding that this is the largest economic project in the entire South East of Nigeria.
He also noted that the company was working towards building an estate for their workers within the industrial layout.
Prof Nnaji thanked Governor Ikpeazu for his consistent support which led to the revival of the project. He recounted how the Governor stood by the company and traveled with him to meet with different international institutional investors, providing the requisite support from the host state Government. According to Prof Nnaji, the project wouldn’t have seen the light of day without the support of Governor Okezie Ikpeazu. He reaffirmed that Abia State Government owns 5% equity in the Project.
Governor Ikpeazu described the Geometric Power Project as the fulcrum upon which the industrial development of Aba, Abia and the South East will revolve. According to the Governor, “two years from today, the story of economic development in Aba and Abia State will take a completely different turn. Things will never be the same again around here and anyone who hasn’t concluded plans to have a presence here is already late”.
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Governor Okezie Ikpeazu assured Prof Nnaji that the State Government will promptly construct the road leading into the plant.
Geometric Power considers itself a pioneer in the Nigerian Power industry and pride itself in placing the first Independent Power transmission Station in the country, as well as being one of the first companies involved in urban electrification. In terms of power generation, they brought in the first high efficiency combined emergency power station in 2001 for Abuja. The 22 MW Emergency Power Station in Abuja guaranteed the Power Holding Company of Nigeria (PHCN) the supply of 15MW. While in operation, the power station successfully supplied uninterrupted power to the Power Holding Company of Nigeria (formerly National Electric Power Authority) to serve a dedicated distribution network within Abuja and its environs.