Diamond Bank Plc has invested more than N30 billion in a geometric power project in Aba that will generate sustainable power supply for the industrial city all year round.
Group Managing Director/Chief Executive Officer of the bank, Dr. Alex Otti disclosed this in his opening remarks as chairman of the First- Made- in Abia Products Exhibition which opened recently in Umuahia, Abia state.
The theme of the exhibition was promoting made in Abia products for accelerated economic development.
The plant would ensure entrepreneurs in Aba and environs can produce goods at full capacity and at a reduced cost and it will be commissioned at the end of the year he said “I’m aware that there are well over 60,000 shoe makers in Aba but they have challenges of producing at full capacity because of irregular supply of electricity, adding that as soon as the new plant is commissioned , Power Holding Company of Nigeria (PHCN) would switch off in the area because the new plant will be able to generate sustainable electricity for 365 days yearly.”
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