Ayade Set to Ensure 24-hr Power Supply in Calabar, Environs as Cross River Govt. Condoles With CBN, Victims of Gas Explosion Ayade Set to Ensure 24-hr Power Supply in Calabar, Environs as Cross River Govt. Condoles With CBN, Victims of Gas Explosion
From: Diana Okon-Effiong, Calabar Determined to ensure a 24-hour power supply in parts of the state, Gov. Ben Ayade of Cross River State has... Ayade Set to Ensure 24-hr Power Supply in Calabar, Environs as Cross River Govt. Condoles With CBN, Victims of Gas Explosion
Gov. Ben Ayade

Gov. Ben Ayade

From: Diana Okon-Effiong, Calabar

Determined to ensure a 24-hour power supply in parts of the state, Gov. Ben Ayade of Cross River State has signed a memorandum of undermining (MoU) with SkipperSeil Limited of Dubai, United Arab Emirates.
The signing of the MoU was the highlight of a three-day Middle East Electricity Exhibition which took place in Dubai, United Arab Emirates recently, according to a statement made available to journalists in Calabar.
According to the MoU, SkipperSeil is to establish a solar farm to produce 100 megawatts of electricity for Cross River State.
The state government would provide “a bankable land as equity'” and make available $1 million US Dollars to kick-start the pilot scheme, while SkipperSeil is expected to invest $15 million in the project.
In line with the MoU, Cross River has a 30 per cent stake in the business, while the investors controls 70 percent holding.
Ayade signed the MoU on behalf of the state while Mr. Jitender Sachdeva, Group President of the firm signed on behalf of his firm.
He expressed the hope that apart from guaranteeing 24-hour electricity supply to Calabar and it’s environs, the project would also generate massive employment and boost internally generated revenue profile of Cross River.
Meanwhile, a survey team from SkipperSeil has arrived the state to identify suitable location for the project.

Dianabasi Effiong