Naija News • 1d ago
Okpebholo performs ground breaking for 100MW electricity
**Edo State Moves Closer to Industrial Revolution with Groundbreaking 100MW Power Plant**
In a significant move towards industrial growth and economic development, Edo State Governor, Godwin Obaseki, not Monday Okpebholo, recently performed the groundbreaking ceremony for a 100MW power generating plant and a 300mt per day liquefied natural gas facility in Ologbo, Ikpoba-Okha local government area. This project is part of the Taihu Industrial Park initiative.
The new power plant is expected to increase energy security and drive economic transformation in the state. Governor Obaseki emphasized that his administration is committed to creating a favorable business environment that encourages investment and job creation. According to him, the project is a testament to the state's industrial friendliness and its growing appeal as a destination for investors.
The Governor welcomed CCETC, the company behind the project, and expressed his administration's willingness to collaborate with investors to drive economic growth. He noted that the project is a significant achievement for the state and a reflection of the confidence that investors have in Edo State.
In his remarks, Governor Obaseki also highlighted the importance of investing in the power sector, which he described as the backbone of industrial development. He expressed his administration's commitment to implementing policies that support sustainable economic growth and development.
The Taihu Industrial Park, where the power plant is located, is expected to create new opportunities for economic growth and job creation in the state. The project is a major step towards realizing Edo State's goal of becoming a major industrial hub in Nigeria.
This development is a welcome boost to the Nigerian economy, particularly in the power sector, which has long been a major challenge. The project's expected output of 100MW of electricity is expected to increase energy supply in the state and support the growth of industries.
Overall, the groundbreaking ceremony for the 100MW power generating plant and the Taihu Industrial Park is a significant milestone in Edo State's drive towards industrial growth and economic development. It is a testament to the state's commitment to creating a favorable business environment and driving economic growth through investment in key sectors such as power and industry.