The Benue Investment and Property Company Limited (BIPC), said they would partner INDASSOL to build a five-megawatts power generation plant to cut down cost of energy consumption.

The Managing Director, BIPC, Dr. Raymond Asemakaha said the decision was taken on Thursday in Makurdi during a strategic meeting with the representatives of the INDASSOL.

Dr Asemakaha said the power plant would serve the company and other government agencies in the State when completed.

He explained that the 5-megawatatts would first be test run in the corporate headquarters of BIPC.

He emphasized the company’s commitment to pursuing innovative solutions that can contribute to the economic growth of the state from $5.8m GDP to $8million.

He said the partnership aimed to address the pressing need for power supply and explore opportunities in various sectors such as exploration, oil and gas and road construction.

On their part, representatives of INDASSOL; Mr. Murat Cengiz, Mr. Ahmet Garipagaolu, Dr. Vincent Dogo, Mr. Jude Okotcha Pendragon, and Mr. Victor Theophilus all expressed interest in providing Steam and Gas Turbine power plant energy to BIPC.

They said they can also expand power generation for commercial purposes in the State.

The company urged BIPC to consider venturing into the power generation business as a participant for the State in the deregulation of the power sector that gave States rights to own their power plants.

The News Agency of Nigeria reports that by collaborating with INDASSOL, BIPC intends to harness the expertise and resources of both entities to drive economic development and positively impact the state.