The Edo State Government is intensifying efforts to attract private investment into its electricity market as part of measures to improve power supply across the state.
The state Commissioner for Power, Paul Usenbo, disclosed this in a statement on Tuesday, saying ongoing regulatory reforms, independent power projects and strategic equity participation were expected to position the state as a major player in the power sector.
He said the state’s electricity sector had undergone significant policy and institutional changes under Governor Monday Okpebholo, who marks his second anniversary in office on Thursday.
According to Usenbo, the transition to state-level regulation, licensing of private operators, expansion of generation capacity, metering initiatives and strategic partnerships are aimed at improving electricity access and supporting industrial growth.
He identified Edo State’s acquisition of a 10 per cent equity stake in the proposed 100-megawatt power plant in Ologbo, negotiated with CCETC and First Bank, as a
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