Governor Ifeanyi Okowa of Delta State, yesterday, said the Independent Power Plant (IPP), project in Oghara would gulp over N200 billion, adding that the project might not be completed in his tenure due to present economic realities, Vanguard reports.
Speaking during a town hall meeting with the people of Ethiope West and Sapele Local Government areas in Oghara and Sapele respectively, Okowa said it would be difficult for the state government to solely finance the project.
Noting that adequate power supply was required to boost the socio-economic life of the people, he said: “We have to study the project. If I tell you that it will be functional during my administration, I will be telling you lies. A lot has been done. We have done the calculation but, it is obvious that we cannot execute the project as a state for now because the project will gulp over N200 billion.”