Work on power generation efforts, Oditah tells Delta government
The quest by the Delta State Government to establish a solid base for industrialization might remain a mirage unless deliberate efforts were made towards power generation for production purposes.
This was the submission of the Managing Director and Chief Executive Officer of Midwestern Oil & Gas Company Limited, Mr. Charles Oditah, at the Delta State Economic and Investment Summit in Asaba, noting that the state’s desire for massive industrial takeoff could only be realized with a solid power base in place.
While commending the state government for its concerted efforts at “providing the right and enabling environment for private participation and investment”, he stressed the need for the state to generate its own power.
This is coming as Geometrics Power Company is set to boost electricity consumption for Aba and its environs. Already, all the cog in the wheel of commencement of the multi billion naira power project, were being sorted out.
Former Minister of Power, Prof. Barth Nnaji, who is also the Chief Executive Officer of the independent power company, disclosed this at the 21st Odenigbo annual lecture series organized by the Owerri Catholic Archdiocese in Owerri, Imo State.
Oditah pointed out that the state government quest for huge industrialization would continue to be hampered by poor energy supply despite the fact that the state has a “large share of gas reserve”.Most of the megawatts (MW) of power generated from the state is not within the power of the state to control as it is fed into the National Grid, he observed.
He noted that since all facets of industrialization demand energy to run successfully and profitably in a sustainable way, the issue of regular and readily available power supply could not be over-emphasized.
The Midwestern Oil boss, therefore, urged stakeholders, particularly oil and gas bearing communities to brace up to the challenge by venturing into the upstream sector of the industry through meaningful investment.
Moreover, Oditah appealed to the people, especially youths involved in various agitation, to give peace a chance as the disruption of the operations of oil companies trough destruction of pipelines and oil facilities are counterproductive.
The former minister said the power project terms which were heading to be breached, expressed joy that they were returning to the right path, after the intervention of President Muhammadu Buhari.
According to the Prof. of Industrial Engineering and Robotics, the company had working and contractual relationship with the General Electrics in the United States, regretted that one of the expatriate member of staff, was abducted by hoodlums and was later freed.
He said about $3 million were lost initially by his company due to the delays and seemingly breach of terms.Nnaji, disclosed that soon another Independent power project between Geometric Power and Interstate Electric, to supply in three parts of megawatts, 500 MVA, 700 MVA and 1,800 MVA which would gulp more than $9 million to construct, will soon kick off.He also urged the Federal and state governments to invest massively in science and technology.
While regretting that Nigeria was at a snail pace in catching -up technologically with other advanced nations, he urged the patronage of made in Aba and other products produced in the country.
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