Menu Right

Top Social Icons

Responsive Full Width Ad

Left Sidebar
Left Sidebar
Featured News
Right Sidebar
Right Sidebar

Sunday, October 22, 2017

Anambra Govt Signs MOU With Carbon Africa Limited For N9.4Bn Waste To Energy Project


The State Government has signed a Nine Point Four billion naira Memorandum of Understanding with Carbon Africa Limited for the development of a waste to energy project in Anambra State.

Governor Willie Obiano at a brief ceremony held at Governor's Lodge, Amawbia, signed on behalf of the State government.

The project with a development timeline of twelve to fifteen months will see the construction of a waste treatment plant on a four hectare piece of land at Ozubulu, expected to generate green energy of twenty-four megawatts of electricity.

As their contribution, the investor is to provide the sum of eight point four -six billion naira representing ninety percent of the equity while the State government will bring the remaining ten percent totaling nine-hundred and forty million naira.

Speaking before signing the Memorandum of Understanding, Governor Obiano said the State government is enthusiastic about the project because it provides solution to the environmental and health challenges posed by congested dumpsites across the state.

Governor Obiano who expressed happiness that the project will complement his administration's efforts at boosting power supply in the state, urged the investor to immediately hit the ground running to ensure that the project is realized on schedule.

The Chairman of ANSIPPA and traditional ruler of Umuoji, Igwe Cyril Enweze, explained that the project will generate 250 direct and 1500 indirect jobs, give impetus to government's health drive, boost power supply to industries and enhance the state's capacity to internally generated revenue.

The Managing Director and Chief Executive Officer of the investing company, Miss Chizoba Adigwe, said they have a reliable financial partner for the project from the French and German governments and assured that what they are bringing to Anambra is laudable project that is realizable.

The Chairman of the State Power Committee, Mr. Chike Okonkwo, explained that the project was structured in a way that the investor will generate power which will be Offtaken by industries in the Nnewi region.

In a vote of thanks, the Managing Director of the State Waste Management Agency, ASWAMA, Mr. Phil Chinwuba, said they will work closely with the investor to facilitate the movement and management of waste when the project fully comes on stream.

Formal signing of the Memorandum of Understanding documents by the Governor and the investor formed the highpoint of the event.

No comments

Post a Comment

Responsive Full Width Ad

Copyright © 2016 Anambra Blog, powered by Blogger.