Ibom Power targets additional 500MW plant

The Managing Director, Ibom Power, Meyen Etukudo, an engineer, has revealed that the power firm is consolidating on its existing investment by targeting construction of about 500MW power plant in addition to its current 190MW. This is even as he made it known that the 685 megawatts (MW) licence acquired by the company has been renewed till 2028.

In a chat with journalist in Uyo, Akwa Ibom State, Etukudo lamented challenges confronting the power plant which he noted to include the inability of its host Distribution Company (DisCo), Port Harcourt Electricity Distribution Company (PHEDC), to take the quantum of power it generates. For instance, he explained that if Ibom Power generated 100MW of electricity and the DisCo is only able to take 60MW, then the remaining 40MW is sent to the grid at the National Control Centre in Osogbo, Osun State.

According to him, the inability of the host DisCo and the Transmission Company of Nigeria (TCN) to invest in infrastructure upgrade was a major setback to the state, saying the Akwa Ibom State government has however taken up the responsibility of TCN by building 132/33KVA and 260MVA at Ikam, which he said Vice President Yemi Osinbajo, inaugurated in 2020. This, he further noted, is a giant leap that has not been recorded anywhere in the country.

He said the state Governor, Emmanuel Udom, took the decision not to wait for the Federal Government through TCN to invest in the project because it would go a long way in solving the power supply challenges confronting industries in the state.

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