Government House Press reports that a US-based consortium, Framzimex Limited in collaboration with its Nigerian counterpart Califco Limited is to partner with Imo State government to build a 400 mega-watts power plant in the state.
The leader of the delegation, Arc. Ike Mbaelu disclosed this to newsmen after a courtesy call on Governor Rochas okorocha at the Government House, Owerri.
He also discussed that the group will assist the state government in other infrastructural projects. Mbaelu stated the development of electricity power infrastructure owned by Imo State Government will be a major positive drive for the industrial and economic development of the state. He further disclosed that the Imo Power project has been submitted to a US EXIMBANK for funding and will be retired through the sale of power from the power stations. He said that a three phase programme has been drawn for the development of the plants, which includes an immediate development of 10-20 mega-watts of power within six months, development of a 100 mega watts of power and associated infrastructure within two years and the development of additional 400 mega watts gas-fired-turbine-power plant and associated infrastructure within five years.
According to him, the power plants on completion will be a significant source of internally generated revenue to the state, provide employment for well over 1000 Imo youths and attract direct foreign investment to the state and improve industrial development.
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