By Osagie Otabor,The Nation
Copyright thenationonlineng
A Chinese firm, the Jiangsu Communication Clean Energy Technology Company Limited (CCETC) and the Ossiomo Power and Infrastructure Company Limited, have headed to the Singapore International Centre for arbitration on the dispute between both partners.
Both firms entered a joint venture for the establishment of the CCETC Ossiomo Power Company (COPC) through which the first Independent Power Plant (IPP) was constructed at Ologbo, Ikpoba-Okha local government area.
The power plant produced 95MW which delivered 24 hours electricity to its customers in Benin City.
Ownership dispute broke out and the Chinese partner shut down the power plant on September 1st even as the Ossiomo Power insisted that it owned the firm 100 percent.
Read Also: Court bars Chinese firm from entering land housing Ossiomo power plant
Edo State Government under Governor Monday Okpebholo has disconnected from the Ossiomo Power through the 11kva it built to receive 5MW of electricity.
Other business owners that connected to Ossiomo Power through the 11kva lines are yet to get power supply even as Ossiomo restored electricity to its 33kva lines.
Counsel to Ossiomo Power, Emmanuel Usoh, confirmed the arbitration hearing in Singapore at a press briefing in Benin City.
