The Vice President, Prof. Yemi Osinbajo, has unveiled the Afam 3 Fast Power 240-megawatt turbine in Rivers State.
The project is a subsidiary of the Transcorp Group located in Oyigbo, on the outskirts of Port Harcourt in the state.
Osinbajo, who arrived at the venue in a chopper at exactly 11:35 am was escorted into the premises and received by the Chairman of Transcorp Group, Tony Elumelu, and other dignitaries.
In his address, Osinbajo said, “In 2020, electricity subsidies reached 584 billion naira, but service-based tariffs have led to a doubling of collection in the Nigeria Electricity Supply Industry from 40 billion naira in 2020 to 80 billion naira in the first quarter of 2023.
