02 May 2013, Yenagoa – The Bayelsa State government has signed a Memorandum of Understanding, MOU, with IPP Energy Limited and GMB Leasing Partners for the development of a gas-powered, 100 megawatts power station in the state.
Governor Henry Seriake Dickson said at the signing ceremony that the development was a proof of his government’s commitment to boosting electricity supply in the state to make it an investment haven.
According to him, the project, to be sited in Ogbia Local Government Area of the state, would deliver uninterrupted power supply to residents of Bayelsa, setting the pace for industrialisation.
“The gas powered plant, which will be located at Imiringi in Ogbia Local Government Area of the state, has the capacity to achieve the feat when completed. I am delighted to be a witness to the consummation of this partnership today.
“We are a state that is in a hurry for development and so we are everywhere talking to people to come and invest in the new Bayelsa.
“This partnership is a confirmation of all our efforts geared towards making our state an attractive investment destination. This is a vote of confidence that Bayelsa is ready for business and that Bayelsa is a good place to invest in,” he stated.
He explained that it was in realisation of government’s drive for investment that it established the Bayelsa Development and Investment Corporation, to attract investment to the state.
Further, he expressed optimism that the energy company would live up to its contractual obligation and deliver the project in record time.
Vice president of the IPP Energy Limited, Mr Augustine Akwesehor, in his speech, said the company would commence work on the power project without delay to meet the power needs of the people.