Ossiomo Power Company Insists CCETC Mere Contractor, Not Shareholder, Says Relationship That of Owner, Contractor
Hendrix Oliomogbe Authorities of Ossiomo Power Company, Ologbo have insisted that it fully owned the electricity company and is not in any partnership with a Chinese firm, Jiangsu Communication Clean Energy Technology Company Limited (CCETC). Fielding questions from journalists Tuesday in Benin City, the managing director of Ossiomo Power Company, Dr. Uwa Igiehon explained that the relationship between the power company at Ologbo, Ikpoba Okha Local Government Area of Edo State and CCETC, is purely that of owners (Ossiomo) and contractor (CCETC) and nothing more. Dr. Igiehon, who spoke against the backdrop of a lingering dispute between his company and CCETC, disclosed that the Chinese firm was simply a contractor to COPC, the project company until it overstepped its boundary and switched off the company's turbines. While denying claims that CCETC has 75% of the shares of Ossiomo Power Company, he said that CCETC) had neither been a partner nor a shareholder of the power comp...