- The Ondo State Government and a Korean firm, Kingline Development Limited, have concluded plans to boost industrialisation in the state with the construction of a 550-megawatts power plant valued at $500m (N99bn).
- The Chief Business Development Officer, Kingline Development Limited, Mr. Akinnola Fola, who disclosed this at a press briefing in Abuja on Friday, said the project would transform the state and make it an industrial hub.
- According to him, the project, named Kingline Ondo IPP, is to be situated at the Ondo State International Industrial Park, Omotoso
- Fola said the power project would be operated using the Public-Private Partnership module and aimed to generate about 550MW in the first phase. Hear him;
“The output now is $500m for 550MW. This is the phase one of the project. At the second phase, we will do another 550MW to bring it to 1,100MW.
Ondo Government And Korean Firm Will Build 550MW Power Plant
