Lagos launches energy city masterplan
By
Martin Ayankola, Lagos
Babatunde Fashola,
Governor, Lagos State
provide local content for the project. The project is targeted at players in the oil industry and tourism generally.
Mrs. Oyagbola explained that the Master Plan to be presented would include designs for both Zones 1 and 2.
She said that Zone 1 of the project is the convention and tourist area that aims to redevelop the coast of Badagry into a regional destination in destination in the convention and tourist market.
Mrs. Oyagbola explained that Zone 2 would include world class designs of houses, apartments and townhouses that would all be designed to make efficient use of the natural environment.
Late last year, a consortium of international firms in collaboration with some firms in Nigeria and Lagos State Government had addressed the Press on the plan to construct the energy city, valued at $1.5 billion, about N180 billion, in Badagry,Lagos State. The project is aimed at
The consortium, four Asian firms from Hong Kong and Singapore including Transglobal Energy Funds Pte Limited (Singapore), Royal Orchid Holdings Limited, Elite Max Asia Limited and World Energetic Holdings Limited, which is registered as Supra Energy and Power City Pte Limited, will hold concession for the Lagos project,which would be a three-year project that would be built in two phases.
Earlier at a press briefing in Lagos, the Chief Executive Officer of Transglobal Energy Funds, Mr. Trivedi Kiran, said the project would be a total and one-stop city with all amenities, access road, recreation, hotel, hospital and schools of international standards and uninterrupted power supply.
The construction of phase one aspect of the project comprising of infrastructure: roads and other amenities would start in March this year and expected to be completed in November after which the second phase would commence.
The energy city, he said would be the biggest in Africa and would be structured to accommodate all classes of workers but targeted at oil and gas industry and tourism in particular. Such a city has been successfully built in Hong Kong and was embraced by major oil companies in the world operating in the area.
His words, “Lagos Energy City is a 670 hectare development project that would be located in Badagry. It will be divided into two zones with zone 1 serving as convention and tourism zone and zone 2, the energy city zone. “Zone 2 is being conceived as Africa’s first fully-independent business centre for the oil and gas industry. It will serve the needs of all players in the industry value-chain, providing world class office facilities, executive residences, schools, sports club, medical facilities and retail centres, among others.
It will enhance investments inn the country as it can provide a “plug and play” solution to major players in the industry. “The Lagos Energy City project is an eco-friendly development designed under the Green Integrated Utility System (GIUS) model with guidance of Siam Design Consortium. It has attracted the attention of leading multi-nationals in both the energy and tourism sectors.”
Mr. Kiran said that the project was a well researched and planned one adding that the design and planning contract was awarded to Siam Design Consortium and an agreement signing ceremony was held in Bangkok, Thailand last month in the presence of Lagos State Commissioners for Tourism, Senator Tokunbo Afikuyomi, Commerce and Industry, Honourable Adeniyi Oyemade and senior officials of Thailand Board of Investments, Department of Export Promotions.
Also at the press briefing then were members of Board of Directors of the company, Alhaji Lai Mohammed, Mr. Ademola Adeyemi-Bero the Managing Director of British Gas Exploration and Production and Mr. Ebenezer Onyeagwu, a General Manager in Zenith Bank Plc. Zenith Bank was said to be the official Bank to the project, although other banks are involved as the project is so large to be shouldered by one bank.Stories by
Martin Ayankola, Lagos
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