The Consultant to the State Government on Energy, Chief Taiwo Fagbemi, broke the news at a stakeholders’ meeting in Abeokuta, the state capital.
The governor’s aide urged industrialists to cooperate with the government to enable it realise the project.
He said all parties would benefit from the project as it was a metering process and pay-as-you-go.
In a statement by his Press Officer, Mrs. Kemi Ogungbade, the governor’s aide said the waste-to-energy project would reduce cost of power generation among the industries, adding that this could be used for workers’ welfare.
According to him, it will also be a waste-to-wealth opportunity for the residents.
Fagbemi said the project would improve business activities in the area and help to develop infrastructure as well as boost government’s Internally Generated Revenue (IGR).
Also, the Chief Executive Officer of the Independent Power Plant, Chief Ewie Aimienwauu, stressed that the proposed energy initiative chose the state as it had become investment destination of choice through various infrastructural projects and facelift by the Ibikunle Amosun administration.
Aimienwauu said the new technology had been adopted by most develop countries, including the United Kingdom (UK), adding that the project, which would gulp about $35 million, would be jointly provided by the state government and his energy company.
He said, on completeionexplained that the project, on completion, would be powered by the government, while the agency would be in charge of distribution to consumers, saying, the power plant would be restricted to industries in the area.
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