International investors have continued to troop into Akwa Ibom State with peculiar interest in the State owned Ibom Power Company (IPC).
The influx of investors may not be unconnected to the reported expansion of the Company’s license and the preparations investors have seen at the site of Ibom Power Phase 2.
More so, the availability of sufficient gas and a 330kV transmission line for Phase 2 evacuation makes IPC a viable investment.
The Managing Director of Ibom Power, Dr. Victor Udo who guided a group of Chinese investors on a tour of the plant said “over 20 international investors from Brazil, America, Singapore, and Taiwan among others have expressed interest in the Company”.
He said “Ibom Power is an uncommonly transformed company currently at superior performance. This is the reason it has become the toast of several international investors”.
Source: Ibom Update