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...For a better society...

Monday, June 14 2004

Vol 17 No.090

News

Editorial

Opinion

Labour

Politics

Sports

Features

Arts/Entertaiments

Business

  • Money/Market

  • Energy

  • Alaba Market

  • Energy


  • IPP

    IPP: Imoke hails Odili

    TONY ITA-ETIM, PH

    POWER and Steel Minister, Senator Liyel Imoke has hailed the Rivers State Government-owned Independent Power Project (IPP), saying it would impact positively on remote areas where the National Electric Power Authority (NEPA) would not have energised in the next 10 years.

    The minister also said the state government would earn additional revenue as NEPA would soon commence paying for the 30 megawatts of power received from the state-owned gas turbine station at Trans Amadi, Port Harcourt.

    A Power Purchase Agreement (PPA) signed between the Federal and Rivers State governments gives 70 per cent of revenue accruing from the sale of power generated by the station to the state with the remaining 30 per cent going to NEPA.

    Speaking, weekend, in Port Harcourt at a dinner hosted in the minister’s honour by Gov. Peter Odili, Senator Imoke said the technology used in the state’s IPP programme would see many more communities enjoying power supply.

    According to him, by the time the Omoku station comes on stream, the state would be generating 180 megawatts, adding that even NEPA might not have done better.

    These were contained in a statement by Chief Press Secretary to Gov. Odili, Mr Emma Okoli.

    "We are here now celebrating the success story of Rivers State, and we are still expecting the arrival of the other two states that started the race with Governor Odili," Senator Imoke said, adding that "Rivers State has even gone ahead to exceed its target with the 150 megawatts Omoku station nearing completion."

    "The beauty of your power project is that you will reach the remote areas of your state, which NEPA in the next ten years would not be able to reach whether it is privatized or not" the minister of Power said.

    He observed that the turbine technology incorporates usage of Marine Cabling and underground water cabling technology to transport electricity to island communities in the state, a development which he said NEPA would not have been able to achieve.

    "If Rivers people do not appreciate it today, certainly, history and posterity will vindicate the governor" he said, adding "for us in the Ministry of Power, we appreciate the magnitute of this project."

    Imoke described Gov Odili as an achiever by all standards, and a political mentor whose doggedness and commitment to the power programme saw it to its realization even when people attempted to sabotage the project.

    "It is the first state-owned power plant that is connected to the national grid," he said.

    Earlier, Governor Odili had thanked the minister for his confidence in the state power project which he said has been criticised by people who do not mean well for the state.

    He said "since October 3, 2002 when the Trans Amadi Turbine station was commissioned till date, it has been delivering power to NEPA for transmission to Nigerians, adding that with the PPA signed recently, NEPA will take all the power generated by the station and pay 70 per cent of proceeds to Rivers State Government.

    "For Rivers State, two things have been achieved with this" he said, "one of them is service to the people and the other is returns for wise investment."

    Governor Odili said the state is now ready for industrialisation, as power holds the key to industry and growth.

    He, said he was equally pleased that the third Gas Turbine Station that will generate 150 megawatts of electricity would be commissioned in a few months’ time, adding that the good news is that the stations were built by indigenous engineers and contractors.

    "People did not believe that Nigerians can build power stations" he said, adding "with this success story we can say that there’s nothing that Nigerians want to achieve that they cannot.

    "What we need is the political will and commitment to National interest," he stressed.

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