Why Ogun IPP is stalled, moribund, by Amosun

Governor Ibikunle Amosun of Ogun State has alleged that the acquisition and installation of obsolete equipment by the immediate past administration in the state was responsible for the moribund 49 megawatts installed capacity power project located at Oke-Mosan in Abeokuta, the state capital.
Although the governor confirmed that the power project was still operational at about 2 megawatts capacity, he, however, disclosed that the obsolete and 1970-made equipment acquired by the former administration was not consuitable for the purpose it was acquired for because it requires huge resources to maintain, saying the present government could not afford it.
Governor Amosun, who featured on a phone-in radio programme, ‘Meet the Governor’, on Paramount FM of the Federal Radio Corporation of Nigeria (FRCN) in Abeokuta on Monday, explained that the investment of such magnitude should be cost-effective, environment-friendly and easy-to-maintain if the initiators executed it in good faith.
He revealed that the government required about N23 billion to maintain such equipment even  if it was installed in the proposed full capacity of 49 megawatts which the state could not cough out at the trying period of the nation, explaining that government had approached some Chinese investors for possible sale but the investors rejected it, claiming that “it is obsolete”.
The governor, who pledged to chart a new course for the provision of cost-effective and easy to operate and maintain power project similar to those installed power projects in the state by Lafarge Africa Plc, Dangote Cement Plc and other multinational companies, declared that his government would construct 110 megawatts installed capacity power project.
He said, “The power project constructed by my predecessor was proposed for 49 megawatts installed capacity and only 2 megawatts are working now and the total money that we will need to maintain the obsolete and 1970-made power equipment is about N22 – N23 billion and if I can have only N10 billion, in my honour, I will have about 50 megawatts of electricity installed.
“I am not saying that the power project is not good, fine it is okay, but it was not done in good faith. The intention was to defraud and to steal.”