Still on development projects, I am happy to update you on the completion of phase 1 of the 11 MW hybrid power solution Independent Power Project (IPP). The IPP is a public-private partnership between the Oyo State Government and Elektron Energy. Phase 1, which is 5 MW, is ready to go live. We will commission this project next month on 6 December 2024.
For some years, residents have asked how we will power the Light Up Oyo project in the long term. We spoke about the main source of the tribrid power system. This IPP is the main power source. Once the final phase is completed, it will also serve the energy needs of various infrastructural facilities in Oyo State.
I would also like to mention that the Oyo State-Shell Nigeria Gas project is going well. We are determined to set the right foundations to ensure that whoever comes into this office after us will build up rather than try to dig out of the trenches as we had to.
I will conclude this newsletter by thanking you for all the questions you have been sending in. They help to keep us focused on the areas that we need to work on. I will answer a few more of these questions in my next newsletter.
Talk to you again soon.
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