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Governor Benedict Ayade of Cross River State
The Cross River State Governor, Prof. Ben Ayade, has signed a Memorandum of Understanding (MoU) with SkipperSeil Limited of Dubai, United Arab Emirates. The signing of the MoU was the highlight of a three day Middle East Electricity Exhibition program in Dubai.
According to the Memorandum, SkipperSeil will establish a Solar Farm to produce 100 megawatts of electricity for Cross River State. Besides providing a bankable land as equity, Cross River is also expected to make available $1 million to kick-start the pilot scheme, while SkipperSeil is to invest $15 million in the project. In line with the MoU, Cross River has a 30 percent stake in the business and the investors a controlling 70 percent holding.
Governor Ayade signed the MoU on behalf of the state while Mr. Sachdeva signed on behalf of his firm. During the signing ceremony, Ayade expressed the hope that apart from guaranteeing 24-hour electricity supply to Calabar and its environs, the project will also generate massive employment and boost its internally generated revenue.
Governor Ayade signed the MoU on behalf of the state while Mr. Sachdeva signed on behalf of his firm. During the signing ceremony, Ayade expressed the hope that apart from guaranteeing 24-hour electricity supply to Calabar and its environs, the project will also generate massive employment and boost its internally generated revenue.
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This is excellent news. South-South people are doers and tend to get these done. I know he's gonna pull this off. Well done to this Governor. They say Cross River's a nice place.
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