Soludo woos power investors, unveils Anambra’s 1,000MW electricity ambition

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Governor Chukwuma Soludo of Anambra State has thrown open the State’s electricity market to investors, declaring that Anambra is ready ...

Governor Chukwuma Soludo of Anambra State has thrown open the State’s electricity market to investors, declaring that Anambra is ready for business as he seeks to bridge a massive power deficit threatening its industrial and economic growth.

Governor Soludo made the call while delivering the keynote address at the maiden Electricity Market Investment Roundtable organised by the Anambra State Electricity Regulatory Commission (ASERC) at the International Convention Centre, Awka.

He emphasisd that Anambra requires approximately 1,000 megawatts of electricity to adequately power its economy but currently receives only about 120 megawatts, describing the huge gap as both a major challenge and an investment opportunity.

“This is just not another function coming to lament. Without electricity, there will be no manufacturing. Without energy, little else can happen. For us, it is very consequential. We are here to do business. Anambra is ready for business,” he said.

Governor Soludo urged investors to take advantage of the numerous opportunities in the state’s electricity market, particularly those connected with the proposed Mixed Industrial City and aerotropolis.

He challenged participants to move beyond discussions and produce a practical, measurable and verifiable roadmap for closing the State’s electricity gap.

“Anambra needs about one thousand megawatts, but currently gets about one hundred and twenty megawatts. There is lamentation and opportunity. The gap in between is what we are trying to fill, and that is why we are here.

“Tell us when, where and how. Let’s get the plan, a clear roadmap, actionable, verifiable roadmap. Anambra is a land of opportunities. This is a summit for closing deals. Let’s get it done,” the governor stressed.

Declaring the roundtable open, Governor Soludo reiterated his administration’s determination to create an enabling environment for private-sector participation in the electricity market.

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