Governor Seyi Makinde has flagged off the Oyo State Independent Power Project, 11 MW hybrid power plant to be executed by Elektron Energy on a Build-Operate-Transfer model.
Speaking at the ground breaking ceremony on Saturday, Makinde said the project will provide power to government facilities within the Oyo State Secretariat, Agodi, Ibadan and environs.
InsideOyo.com gathered that the project will cost N8 billion (N8,027,430,214) and the duration of the project is 8 months.
According to Makinde, Oyo state government will repay the capital expenditure investment of Elektron Energy over a ten-year period within which the energy company will operate and manage the infrastructure.
The project is being warehoused here at the Oyo State Secretariat, and so the state secretariat and government facilities that enjoy proximity to the secretariat will benefit.
Specifically, when completed, Makinde said the 11MW hybrid power solution will power:
– 12 healthcare facilities, including Adeoyo Maternity Teaching Hospital and State Hospital Ring Road. As you may know, our administration has invested heavily in world-class diagnostic and treatment equipment at these hospitals with a direct impact on about 15,622 patients annually.
– The Lekan Salami Sports Complex, Adamasingba. When we commissioned the main bowl in September this year, some people went to town to say we commissioned a swimming pool. Well, I am happy to tell you that the so-called ‘swimming pool’ may soon be approved by the Confederation of African Football as the new home for the Super Eagles 2022 playoffs!
– This IPP will also power not less 10km radius of public lighting under the ‘Light-Up Oyo’ project. And of course, as we say, where there is light, there is security and economic development.