Thursday, September 10

Ekiti secures N500m solar deal with UK firm

Ekiti secures N500m solar deal with UK firm

Ekiti State Government has signed a Memorandum of Understanding with a United Kingdom based company, Elemi Energy Limited, for the installation and generation of a 1.15 Megawatts Solar Photo Voltaic Farm in the State.

The project, which is a Public Private Partnership, is to be built on 14,000 Square Metres of land belonging to the Broadcasting Service of Ekiti State, owners of Ekiti Television and Ekiti Radio 91.5FM.

Under the agreement worth N500m Foreign Direct Investment as approved by Governor Ayodele Fayose in June, the BSES would enjoy free 150 KW to power his equipment for 20 years to save energy cost.
Elemi Energy Limited, which will handle the power project would sponsor the training of five engineers of BSES to the United Kingdom for the operation and maintenance of the 150KW power plant.

Special Assistant to the Governor on Public Communications and New Media, who is also the Acting Director General of the BSES, Lere Olayinka, said the transformer supplying electricity to the station stopped working since May 2014, making the stations to be running on generator 18 hours daily.

"We spend about N5m on purchase of diesel and maintenance of generators monthly. This will be saved and directed to other channels," he said.

The Chief Executive Officer of the company, Mr David Olofin, promised that the project would be completed within nine months.
He added that upon completion, the one Megawatt will be sold to the Benin Electricity Distribution Company for distribution to the public in Ado-Ekiti, the State capital.

Also speaking, the Commissioner for Information, Youths and Sports Development, Mr. Lanre Ogunsuyi, called on other private investors to partner with the State.

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