Edo seeks private investment to boost electricity supply

Résumé détaillé

The Edo State Government is attracting private investment to improve electricity supply through regulatory reforms and independent power projects. Read More:…

The Edo State Government is intensifying efforts to attract private investment into its electricity market as part of measures to improve power supply across the state.

The state Commissioner for Power, Paul Usenbo, disclosed this in a statement on Tuesday, saying ongoing regulatory reforms, independent power projects and strategic equity participation were expected to position the state as a major player in the power sector.

He said the state’s electricity sector had undergone significant policy and institutional changes under Governor Monday Okpebholo, who marks his second anniversary in office on Thursday.

According to Usenbo, the transition to state-level regulation, licensing of private operators, expansion of generation capacity, metering initiatives and strategic partnerships are aimed at improving electricity access and supporting industrial growth.

He identified Edo State’s acquisition of a 10 per cent equity stake in the proposed 100-megawatt power plant in Ologbo, negotiated with CCETC and First Bank, as a major investment development.

He said the arrangement would make the state an equity partner in the project, with prospects of generating recurring revenue, creating jobs and supporting electricity supply to businesses and industries.

The Ologbo project also includes a proposed 300-tonne-per-day liquefied natural gas facility, for which Okpebholo performed the groundbreaking ceremony in February 2026.

The project is expected to strengthen the state’s energy value chain and meet the growing electricity needs of industries.

Usenbo added, “Beyond Ologbo, the government is pursuing a proposed 200MW independent power project in Edo North, alongside distributed generation and renewable energy investments aimed at expanding supply and improving access across the state’s three senatorial districts.

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