FG sets up committee to advance Ikom dam hydropower project
The Federal Government has taken a major step toward developing the Ikom Multipurpose Dam and Hydropower Project through a Public-Private Partnership. The Infrastructure Concession Regulatory Commission has convened the first meeting of the Presidential Project Development Committee, bringing together key stakeholders. Wale Edun, Jobson Oseodion Ewalefoh, and representatives from several ministries and agencies participated in the discussions. The project aims to address energy, flood control, and economic development needs in Cross River State and beyond.
What we know
- The Infrastructure Concession Regulatory Commission will chair the Project Development Committee for the Ikom dam project.
- The committee includes members from the Federal Ministries of Finance, Water Resources and Power, the Cross River State Government, the Nigerian National Petroleum Company Limited, the Nigeria Sovereign Investment Authority, and Ikom Power Limited.
- Jobson Oseodion Ewalefoh described the project as a strategic initiative to provide renewable energy, control floods, and boost regional economic growth.
- The next steps involve reviewing feasibility studies, clarifying the project scope, and determining the appropriate PPP structure.
- Wale Edun emphasized the need for the project to be commercially viable and aligned with the Federal Government’s infrastructure agenda under Bola Ahmed Tinubu.
