Home / Other States / Solar Power: Osun Seals N6bn Deal With French Firm

Solar Power: Osun Seals N6bn Deal With French Firm

The Osun State government has sealed an agreement with a French Company, Vergnet Group, for the construction of a 13 megwatt solar power plant.

According to the Memorandum of Understanding (MoU), the plant to be located in Oshogbo would gulp the sum of £29 million (about N6.15 billion).

The MoU for the power plant was signed in Abuja by the director-general, Office of Economic Development and Partnerships, Mr Charles Akinola, who signed on  behalf of Osun state, while the chief executive officer, Vergnet Group,  Mr Jérôme Douat, signed for his company. The agreement was witnessed by President Goodluck Jonathan and his counterpart from France, Mr François Hollande.

Speaking on the deal, Akinola said the project will take off in July 30 this year and would be completed between 12 to 14 months. He said the agreement is another demonstration of the resolve of the current administration to utilise partnership initiatives to bring sustainable development to the state.

According to him, the project will not only increase power supply to the people, it would also boost economic activities in the state and further attract foreign direct investments.

Under the MoU, he said, the Vergnet Group will provide technical expertise, advisory services, the project design and planning and financing plan.

In addition, he said the company would facilitate the financing of the project from the French Government, while Osun state would be responsible for identification and allocation of land for the project, contractual clearing with administrative authorities and for developing the necessary infrastructure.

Culled from :Here

About admin

Check Also

Labour is only opposition in Ogun – Arabambi

The Chairman of Labour Party, Ogun State, Comrade Arabambi Abayomi Olufemi told GBENGA AKINFENWA what …

LAUTECH operates 97 different accounts, Unions’ suit against forensic auditing shocking – Osun Govt

The Osun State Government has expressed shock over the suit filed by the joint unions …

Better deal for Ogun State workers

By Rotimi Durojaiye Another tranche of N243 billion Paris Club Refunds was recently released to …

Court removes Ondo community head, orders a new selection …

  A High Court sitting in Akure, Ondo state has ordered the removal of a …

Close
Please support Oyo State Latest News
By clicking any of these buttons you help our site to get better