Ossiomo Power Asserts Ownership Of Critical Infrastructure In Edo State

Ossiomo Power Asserts Ownership Of Critical Infrastructure In Edo State 

By Admin

Ossiomo Power, a leading indigenous electricity firm in Nigeria, has reaffirmed its ownership of critical power infrastructure in Ologbo, Edo State. According to the company, it has held exclusive rights to the gas infrastructure and power facilities since 2008, backed by statutory licenses and approvals for power generation and transmission within the state.

The Deputy General Manager of Ossiomo Power, Engr. Francis Ekwe, clarified that the company's ownership rights are unequivocal. He explained that the firm's partnership with CCETC, a Chinese company, was limited to a contract for the supply and installation of engines for the Independent Power Project (IPP1) in 2018. However, this contract did not transfer ownership of any facilities to CCETC.

Sources close to the development suggest that CCETC's recent attempts to assert ownership may be aimed at influencing state authorities and creating uncertainty around Ossiomo Power's operations. 

Analysts warn that if CCETC's efforts are successful, it could undermine Nigeria's local content policy and pose significant risks to energy security in Edo State.

Ossiomo Power has established itself as a reliable and efficient power provider in Edo State.

The company has invested heavily in infrastructure development, including a 33kV transmission line and 11kV distribution lines, serving government establishments, businesses, homes, and communities. 

With an average performance of 97.5% or 22 hours of power supply per day, Ossiomo Power has become a vital component of the state's economic development.

The outcome of this dispute will have significant implications for energy security in Edo State. If Ossiomo Power is able to maintain control over its infrastructure, it will continue to provide reliable power supply to its customers, supporting the state's economic growth and development. 

However, if CCETC's efforts are successful, it could lead to disruptions in power supply, undermining the state's economic progress.

In conclusion, Ossiomo Power's assertion of ownership over critical infrastructure in Edo State is a significant development that will have far-reaching implications for the state's energy security. 

The company's commitment to providing reliable power supply has made it a vital component of the state's economic development. As the situation unfolds, it remains to be seen how the dispute between Ossiomo Power and CCETC will be resolved.