By Grace Oakhiena
Towards fostering economic growth and development in Edo State, the Ministry of Mining and Energy under the aegis of the State Government, has hosted potential investors in the mining and energy sector in Benin City.
The Team of investors was led by the Managing Director of E5 Energy Service Limited, Mr. David Ashaolu, while the Edo State Government representatives included the Special Adviser to the Governor on Investment and Revenue, Mr. Kizito Okpebholo, with the permanent secretaries of the Ministry of Mining and Energy, Mrs. Ese Martina Omoruyi; Ministry of Water Resources, Mr. Joseph Nyamali; and the Managing Director of Urban Water Corporation, Mrs. Adegboyega Toyin.
The investors expressed interest in developing a two 10-50MW hydropower generating plants at the Ikpoba River Dam and the Ojirami Dam in the State. The project aims to create renewable and sustainable energy, aligning with the State Government’s vision of harnessing its natural resources for economic growth and environmental sustainability.
Mrs. Omoruyi in her welcome address, acknowledged the State’s receptiveness to partnerships and its commitment to creating a conducive business environment. She emphasized that Edo State is rich in raw resources and requires good partners to harness its potential, ensuring benefits for both investors and the State’s residents.
The meeting also highlighted the State’s efforts to provide necessary data and support for investors. Mrs. Omoruyi noted that the State Government conducted extensive data analysis and exploration in the mining sector last year and also obtained the right to control electricity in the State as proof of the Ministry’s progressiveness.
The meeting concluded on a positive note, with all parties expressing enthusiasm for the proposed partnership and its potential to positively impact the State. The development marks a significant step towards achieving the Edo State Government’s vision of making the State a model for investment and economic growth.
Towards fostering economic growth and development in Edo State, the Ministry of Mining and Energy under the aegis of the State Government, has hosted potential investors in the mining and energy sector in Benin City.
The Team of investors was led by the Managing Director of E5 Energy Service Limited, Mr. David Ashaolu, while the Edo State Government representatives included the Special Adviser to the Governor on Investment and Revenue, Mr. Kizito Okpebholo, with the permanent secretaries of the Ministry of Mining and Energy, Mrs. Ese Martina Omoruyi; Ministry of Water Resources, Mr. Joseph Nyamali; and the Managing Director of Urban Water Corporation, Mrs. Adegboyega Toyin.
The investors expressed interest in developing a two 10-50MW hydropower generating plants at the Ikpoba River Dam and the Ojirami Dam in the State. The project aims to create renewable and sustainable energy, aligning with the State Government’s vision of harnessing its natural resources for economic growth and environmental sustainability.
Mrs. Omoruyi in her welcome address, acknowledged the State’s receptiveness to partnerships and its commitment to creating a conducive business environment. She emphasized that Edo State is rich in raw resources and requires good partners to harness its potential, ensuring benefits for both investors and the State’s residents.
The meeting also highlighted the State’s efforts to provide necessary data and support for investors. Mrs. Omoruyi noted that the State Government conducted extensive data analysis and exploration in the mining sector last year and also obtained the right to control electricity in the State as proof of the Ministry’s progressiveness.
The meeting concluded on a positive note, with all parties expressing enthusiasm for the proposed partnership and its potential to positively impact the State. The development marks a significant step towards achieving the Edo State Government’s vision of making the State a model for investment and economic growth.
