A delegation from Ruyi Group and the management of Enyimba Economic City Development Company Limited Aba IPP a facility of Geometric Power on a fact-finding mission.
Speaking during the visit, Mr Liming Sun the president of Ruyi Group stated that the availability of Power is very important in the investment decisions of Ruyi Group.
Prof Barth Nnaji, the Managing Director of Geometric Power who are strategic partners with Enyimba Economic City Development Company Limited on power stated that the Aba Integrated Power Project have 141MW completed power generation asset plus 47MW additional installation as well as 27 km dedicated gas pipeline infrastructure.
Prof Barth advised that as part of their partnership with Enyimba Economic City Development Company Limited, 2 feeders of 41MW each have been reserved for the first movers into the Economic City.
Speaking further, Prof Nnaji stated that Geometric Power has invested in over 140 kilometers of 33 kV /11 kV lines with fiber optic cable lines strung on the OHL poles for large data transmission and that the license for the facility covers the supply of Aba and its surrounding environment which consists of 9 local government out of the 17 in Abia State out of which Enyimba Economic City spans across 3 of the 9 local government areas.
The chairman of Geometric Power also said that the company has a current license to develop 1080MW of power plant in Oma adjoining the Enyimba Economic City in 2 phases of 540MW each.
Prof Barth pointed out that the supply to the South-East is currently less than 300MW which is a confirmation of the importance of their facilities to the South East.
Mr C Darl Uzu the Managing Director of Enyimba Economic City affirmed that with Geometric Power, he considers the Power Deal done while the plan for the first phase of development of the city is to build a 15km road network, an administrative office, a community center, a 50-room hotel and security surveillance facilities which is planned to commence in the first quarter of 2019.
Abia State Acting Governor, Ude Oko Chukwu, in his remark said that the state would partner Geometric Power Ltd, Enyimba Economic City Management and Ruyi Holding of China by offering every necessary support.
He told the Chinese investors that the state was profitable and safe to invest in, adding that the project would provide employment and business opportunities for the people.
President of Ruyi Group, Mr. Liming Sun, said the company has plans to invest a minimum amount of $2 billion in their factory project which will be sited in the Economic City.