Allianz West Africa, the infrastructure partner of the Oyo State government, has taken delivery of ten units of 500kva distribution transformers and one unit of 5MVA power transformer for the Yekini Adeojo and Senator Rashidi Ladoja GRAs, Ibadan to boost power supply
Yinka Owodunni, managing director at AllianzWA, said the purchase carried out on a Public Private Partnership was supervised by the Oyo State Investment and Public Private Partnership Agency – OYSIPA.
The transformers, which will power over 2,000 households in the Yekini Adeojo and Senator Rashidi Ladojo GRAs were valued at about N600 million.
“This power and distributive transformers will cater for about 2000 family units that will populate this new town”, he said.
Owodunni, also said about 1000 Streetlights will be activated to further illuminate the aerial space within the NTDA, further, complimenting the GSM Light-Up Ibadan Project.
This development, according to Owodunni, is a testament that PPP always wins and is a profitable strategy for the government to fast-track infrastructural development.
Read also: Lawmaker, Akande-Sadipe, commissions seven transformers, boreholes, school projects in Ibadan
He commended the Oyo State government, through OYSIPA for its continued support of PPP initiatives in the State, over the years.
Owodunni, an engineer, said OYSIPA played a key role in ensuring the success of the housing project at the New Town Development Area.
He added that the power distribution infrastructure was designed to Power the New Town Development Area (NTDA) created by Governor Seyi Makinde within the SouthEast Corridor of the new and ongoing Ibadan Circular Road (ICR).
The circular road is analogous to the Lekki-Epe Expressway and will act as the backbone and pedestal Infrastructure for heralding in about N4 trillion Economic Inflows into Ibadan over the next few decades.
He affirmed that mega Infrastructure will attract Investors and more infrastructure solutions and praised the tenacity of Makinde’s administration in ensuring the Northeast and Southeast quadrants of the Ibadan Circular road are 100 percent completed during its tenure
