Yemisi Izuora/Ijeoma Agudosi
Owners of Egbin power plant in Lagos are planning to build an industrial cluster that will guarantee stable power supply to industries.
The hub will be provided with basic infrastructure to reduce overhead cost in the manufacturing chain.
Kola Adesina, chairman of the company said in Lagos that the concept will take the shape of existing Export Processing Zones (EPZ) which provides exporters and manufacturers the opportunity to conduct business in a seamless and cost efficient manner.
“We intend to do this to support basically the Small and Medium Enterprises (SME’s) and this platform will guarantee steady supply of electricity which will certainly bring cost of production down significantly” he explained.
Adesina also informed that the company is planning its training institute to reduce expenditure in training personnel abroad.
“We want to start rehabilitation of facilities in-country and boost local capacity by ensuring that all we need to bring in from outside and done locally” he said.
He also said that apart from conventional power generation, the company is investing in renewable energy.
“We want to run our housing estate with solar power to boost renewable energy in the country” he assured.