Chinese firm to build power plant, industrial park in Ogun
A leading Chinese power-generation company, CCETC, has announced plans to construct a power plant and develop an industrial park in Ogun State, Nigeria. The development was confirmed during a meeting between the company’s chairman, Guo Xianda, and Governor Dapo Abiodun following the governor’s recent investment mission to China. According to Xianda, CCETC will begin with the installation of a 3-megawatt power plant at the Gateway International Agro-Cargo Airport in Iperu-Ilishan, which will be provided free of charge to boost economic activities around the airport and support logistics and agro-processing operations. He added that the company’s broader plans include power generation, investment in transmission infrastructure, and the establishment of a full-scale industrial park to attract Chinese manufacturers to the state. CCETC, based in Jiangsu Province, China, has a global portfolio of over 5,000 megawatts and currently operates more than 250 megawatts of projects in Nigeria. The company said its Ogun initiative will be structured to strengthen energy supply, integrate industrial development, and enhance manufacturing competitiveness. Governor Abiodun welcomed the initiative, describing it as a critical step in addressing power supply challenges and positioning Ogun State as a hub for industrial investment. He assured that the state government will work closely with CCETC to inspect ongoing projects, align with existing distribution companies, and ensure the new generation capacity can be fully integrated into the state’s network. Officials noted that while the 3MW pledge is modest compared to large-scale utility projects, it represents a strategic move to catalyze investment in industrial development across the state. The industrial park is expected to create jobs, attract foreign direct investment, and stimulate economic growth once completed. Talks between Ogun State and CCETC are expected to continue as both parties finalize technical details, financing options, and timelines for implementation. Analysts emphasize that transparency and clear agreements will be vital in turning the partnership into long-term economic benefits for the state.
