Determined to light up the State with uninterrupted Power supply, Ogun State Power and Energy Office, has organised a day stakeholders’ meeting for the eight Independent Power Providers (IPPs) that recently signed Memorandum of Understanding (MoU) with the State government for the smooth take-off of the projects.
Declaring the meeting open in Abeokuta, Chief of Staff to the State governor, Chief Tolu Odebiyi, disclosed that there was need to increase power generation across the State, as over 200 industries and companies have been established in the State. This according to him, has been making it the destination of choice for investors, cautioning that any IPP that did not execute and deliver within the stipulated time frame would be sanctioned.
‘’The State is in need to increase power generation for new companies that are springing up, so any IPP that did not meet up with the target or perform below expectation would be dropped. The basis for any industry to thrive is uninterrupted power supply and the best way the government can go about it is the independent Power Provider and which the government is committed to.’’
In his welcome address, Consultant to the Governor on Energy, Chief Taiwo Fagbemi, hinted that the meeting was to provide the needed value chain between the IPPs, who are generating the power and Ibadan Electricity Distribution Company which distributes it.
He noted that the platform would serve as a one-stop-shop for line ministries and agencies to interface and discuss issues and challenges confronting the IPPs, in order to make them more effective and productive.
On his part, the Attorney General and Commissioner for Justice Dr. Olumide Ayeni, disclosed that government was determined to make life more abundant for its people, saying that government equity of participation in the project, and the Public Private Partnership legislation are being worked upon to guarantee its continuity.
In his remark, the Director-General, Bureau of Lands and Survey, Mr. Biyi Ismail, noted the importance of lands on the project, explaining that, the issuance of Certificate of Occupancy to the IPPs was to protect them against any unforeseen circumstances.
On his part, Deputy Managing Director, Ibadan Electricity Distribution Company (IBDEC), Engr. John Ayodele, acknowledged that power generation was now competitive as new technologies are springing up on daily basis, which he said, if adopted, would be of great benefits and advantage to the IPPs and other stakeholders involved.