Geometric Power Plant: Power Outage Now Exception In Abia – Gov Otti

Governor Alex Otti of Abia State has said that power outage is now an exception, with the recent launch of the 181-megawatt Geometric Power Plant in the state.

Otti stated this in an interview on Channels Television’s ‘Politics Today‘ on Thursday.

Recall that on Monday, Vice President Kashim Shettima inaugurated the Geometric Power Plant in Aba, an industrial hub of the South-East region.

The power plant, which was described as the ‘first integrated electricity facility in Nigeria, is located in the Osisioma Industrial Hub of Aba in Abia.

Speaking on the power project, Otti said, “This is a project that was started in 2004, during the administration of Governor Orji Uzor Kalu.”

He added that the $800 million project, including the building of a 27-kilometer natural gas pipeline championed by Geometrics Power Limited, has the capacity to generate and distribute 181 megawatts of power.

Otti said sometimes in 2010, the founder of Geometrics Power Limited and ex-Minister for Science and Technology, Bart Nnaji approached him when he (Governor Otti) was the Executive Director of First Bank for funding.

He said, “We processed an $85 million facility for him (Nnaji), but unfortunately, he couldn’t draw down on that facility because the board of the bank felt that because I was proceeding to Diamond Bank as CEO, it won’t make any sense to allow the country to withdraw the facility when the person that was going to manage it was not there.

“I headed to Diamond Bank which actually was the bank that was initially funding the project. On getting to Diamond Bank, we restructured the facility and saw it to completion by October 2014, the time I left Diamond Bank.

“But a lot of things happened thereafter that made it impossible for the project to take off. There was the unfortunate sale and resale of the Aba Invest Island and that took on a life of its own.