Bayelsa signs MOU for 100 MW power plant

The Bayelsa Government on Wednesday signed a Memorandum of Understanding (MOU) with IPP Energy Limited and GMB Leasing Partners for the development of a 100 megawatts (MW) power station.

Gov. Seriake Dickson, while speaking at the ceremony in Yenagoa, described the event as a proof of government's commitment to boosting electricity supply and making Bayelsa an investment haven.

He said the project was aimed at delivering uninterrupted power supply to residents of Bayelsa and setting the pace for industrialisation.

“The gas powered plant, which will be located at Imiringi in Ogbia Local Government Area of the state, has the capacity to achieve the feat when completed.

“I am delighted to be a witness to the consummation of this partnership today. We are a state that is in a hurry for development and so we are everywhere talking to people to come and invest in the new Bayelsa. This partnership is a confirmation of all our efforts geared towards making our state an attractive investment destination.

According to him, this is a vote of confidence that Bayelsa is ready for business and that state is a good place to invest in,' he said.

Dickson said it was in realisation of government's drive for investment that it established the Bayelsa Development and Investment Corporation, to attract investment to the state.

He expressed optimism that the energy company would live up to its contractual obligation and deliver the project in record time.

The Vice President of the IPP Energy Limited, Augustine Akwesehor, said the company would commence work on the power project without delay to meet the power needs of the people