Power Project: FG approves $64.2million …Minister lauds approval
Power Project: FG approves $64.2million
.Minister lauds approval
By Joel ThankGod (In Abuja)
In a bid to enhance infrastructure development for greater economic growth, the Federal Government has approved $64.2 million for power supply project at communities within Escravos area of Delta State.
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, made this known after the Federal Executive Council, FEC, meeting that was presided over by Vice President Yemi Osinbajo, at the Presidential Villa, in Abuja, added that the project was stalled for very long time.
The Minster explained, “We approached the Council to approve $64.2million to fund two projects. One is for the supply of power itself, which is building the plant, to cover all the engineering services required to do that and also distributing the power within the series of communities involved.
”He went on, “The Council was gracious enough to approve it for two specific companies. FEC approved it in two different lots; one for $51 million and the other for $13 million.
The Minister continued, “We believe that with this, power would be provided to the immediate communities for a period of four-five years and it would become a permanent structure.
”He pointed out, “In the absence of this power project, we are going to use generators, which would cost over N18 million every month, just to provide electricity in those areas, so as to enable the more important contract of the ELPS to take place.”
Accordingly, Escravos, hosts two major transnational oil companies, ‘Shell and Chevron’ located in Warri South Local Government Area of Delta State. The communities there include Ugborodu, Ogidigben, Jala, Madagho and Ajidubu.