The Imo State Government, under the leadership of His Excellency, Distinguished Senator Hope Uzodimma, has approved a $200 million investment for the establishment of the Orashi Electricity Company.
The Governor announced this during the inauguration of members of the Electricity Regulatory Commission and the House of Assembly Service Commission, stated that the investment, secured through private partners, will be entirely funded by these partners, with no financial contribution or borrowing required from the state.
Expressing his confidence in the power project, the Governor said that Imo State will soon experience 24-hour steady power supply in all the Local Government Areas, with the Orashi Electricity Company Limited fully activated to light up Imo come January 2025.
He emphasized that the key to the economic boast of a state starts from a steady power supply, highlighting that the project is expected to create numerous job opportunities, stimulate local businesses, and improve the overall quality of life for residents.
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