Connect with us

Asaba Metro News

One of the Gas Turbine Plants at Oghara IPP Project Site
File Photo: A Gas Turbine Plant at Oghara Independent Power Project Site

News

Delta Govt Puts Up Oghara Independent Power Project For Lease


Delta State Government has approved a lease-to-own contract for the Oghara Independent Power Project in Ethiope West Local Government Area of the state.

The State Commissioner for Information, Mr Charles Aniagwu disclosed this Friday, March 25, 2022 while briefing journalists on the outcome of the State Executive Council meeting presided over by Governor Ifeanyi Okowa.

Aniagwu said Exco took the decision of lease-to-own instead of outright sale as earlier advised to ensure that the state government gets value for its investment in the project.

ALSO READ:  Oversight Visits: Delta Assembly Committee Urges Road Contractors to Meet Specifications

Acoording to him, “at today’s Exco we approved the principle of lease-to-own not outright sale as we were advised before now.

“What we have done now is lease-to-own where the lessee will now have to fix it, operate it and bring it to a state where it will work and then begin to pay some amount of money to the state government for a period of time.”

Flanked by the Chief Press Secretary to the Governor, Mr Olisa Ifeajika, Aniagwu also said Exco approved the purchase of two fire fighting trucks for the State Fire Service to improve their capacity to combat rising incidences of fire outbreak across the state.

ALSO READ:  (The Arena) Delta APC and the Crab Mentality

For advert placement, publication of news content, articles, videos or any other news worthy materials on this Website, kindly send mail to asabametro@gmail.com.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More in News

To Top