Onne Free Zone to Get Low Cost Embedded Power

Oil-and-Gas-Free-Zone-Authority

Investors in the Onne Free Zone will enjoy a major relief as the regulatory agency of the zone, the Oil and Gas Free Zones Authority (OGFZA), partners an investor to roll out embedded power at lower cost in the enclave within the next eight months, Vanguard reports.

Addressing investors in the zone and other stakeholders at a joint stakeholders’ forum on improved service delivery in Onne, Managing Director of OGFZA, Mr. Umana Umana, said the move was aimed at reducing the cost of doing business in the zone.

Umana said: “In order to reduce the cost of doing business in the free zones regulated by OGFZA, we are partnering an investor to provide embedded power supply in Onne Free Zone within the next eight months.” “We are also seriously addressing the challenge of high cost of doing business in the free zone arising from other tariffs,” he added.

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