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Plateau govt partners firm for energy sector investment

By Guardian Nigeria
29 January 2025   |   2:41 am
In a bid to meet the energy needs of the people of Plateau State, thereby catalysing its industrialisation and productivity, the state government, led by Governor Caleb Mutfwang, in partnership with PUTTRU, Africa’s frontline energy investment facilitating platform, has signed a Memorandum of Understanding (MoU) to develop and implement the energy sector goals of the state.
Governor Caleb Mutfwang has dissolved the Local Government Transition Implementation Committee administration across the 17 local government areas of Plateau State
Governor Caleb Mutfwang

In a bid to meet the energy needs of the people of Plateau State, thereby catalysing its industrialisation and productivity, the state government, led by Governor Caleb Mutfwang, in partnership with PUTTRU, Africa’s frontline energy investment facilitating platform, has signed a Memorandum of Understanding (MoU) to develop and implement the energy sector goals of the state.

According to a statement jointly issued by the two parties, the MoU signed on behalf of the state by the Managing Director of the Plateau State Energy Corporation, Ponzing Gamde, and the Founder/Chief Executive Officer of PUTTRU, Monica Maduekwe, which will commence in 2025, will have PUTTRU mobilise financial resources for the state’s energy sector projects in the form of grants, concessional loans, and equity, based on terms acceptable by the partners, while availing technical assistance to strengthen the state’s internal capacity and organisational ability to execute these objectives.

The statement noted that the Plateau State Energy Corporation was established to develop the state’s diverse energy resources and achieve energy security. In line with its mission to accelerate and attract investment in Plateau’s energy sector, it said, the partnership with PUTTRU will result in an investment master plan for the sector.

The statement further noted that this partnership will target enhancing energy production by ensuring the development of diverse natural energy resources in the state-hydro, solar, and wind, thereby diversifying the state’s rural electrification goals to local communities, promoting alternative and eco-friendly energy alternatives for cooking and transportation as well as availing an effective power off-taking framework with developers.

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