Governor Okezie Ikpeazu Governor Ikpeazu Tuesday described the Geometric Power Project as the "fulcrum upon which the industrial development of Aba, Abia and the South East will revolve".
The Abia governor was speaking while inspecting the Geometric Power Project facility at Osisioma Industrial Layout, Aba accompanied by the Chairman/CEO of Geometric Power Ltd, Professor Barth Nnaji, his wife and company officials
Gov Ikpeazu maintained that "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 presence here is already late", and assured Professor Nnaji that the Abia Government will promptly construct the road leading to the plant.
Before taking the Governor on a tour of the plant with its mega facilities, Prof Nnaji applauded Gov 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.
Prof Nnaji stressed that the project would not have seen the light of day without the support of Gov Ikpeazu, and reaffirmed that Abia State Government owns 5% equity in the project.
He told the governor that currently the entire Aba gets a maximum of 50 megawatts of power from the National Grid but that the plant has a capacity to produce 140 megawatts of electricity which is more than enough to provide steady and sustainable power to Aba and its environs.
He added that basically all the required support infrastructure was in place, including the 17km pipeline that takes gas from Owaza in Ukwa West LGA to the plant and that six months from now, the plant will be commissioned for supply of power to the people of Abia State
Nnaji also stated that long before the contractual problem that led to the stalling of the project, the sum of 500 Million Dollars had already been invested in the project, adding that this is the largest economic project in the entire South-East of Nigeria.
0 Comments