Talks between Benin Electricity Distribution Plc (BEDC) and a Canadian firm, Thames Vpower to power over the generation of 20Megawatts of electricity in Isoko area of Delta State have progressed tremendously, indicating that the project may materialize soon.
Chief State Head of Delta State, Mr. Ernest Edgar dropped the hint as a panelist at the recent Isoko Economic and Investment Summit held in Isoko tagged: Harnessing Isoko Economic Potential and Development for Sustainable Development.
According to him, electricity generated to the national grid had been unstable with only about 4,000MW generated for a population of over 160 million people, stressing that the process of power generation and distribution had become problematic, noting that it was in view of this that BEDC has been holding series of meetings with Thames Vpower group, Isoko leaders, chairmen of the two councils and other relevant project on the possibility of actualizing the project.
Edgar pointed out that electricity was a capital intensive venture, hence, it should not be wasted anyhow. He commended the Isoko people for the initiative to partner with the power sector to generate power for themselves, adding that the board of BEDC was strongly committed to the project.
The Economic Summit was organized by Isoko South and Isoko North government with a view to diversifying the economy of the Isoko Nation.
Chairman of the Summit, Sir Ayodele Othihiwa said the theme for the summit underpin the realization that to meet the yearnings and aspirations of the people to provide employment, eliminate poverty, investors were needed in Isoko land.
“I note that hosting this summit is not the end game but a first step in a series of activities that is required to achieve a radical economic and social transformation of our economy. The end game I believe is the articulation and development of an Economic Development and Strategy Action Plan for the Isoko nation” Othihiwa stated.
The Governor of Delta State, Dr Ifeanyi Okowa, who was the special guest of honour at the event called on well-meaning Deltans to invest in the state. He lauded the Federal Government’s initiative towards encouraging investors in having modular refineries in Nigeria saying it will create more jobs for the youths.
Governor Okowa encouraged parents to send their children to Technical colleges which will equip them for Polytechnics, adding “we must encourage the Petroleum Training Institute (PTI) and the Polytechnics to understudy how to construct Modular Refineries so that subsequently, we will not need expatriates to construct or fix such refineries in the future.”