The Federal Government has approved the supply of power to ALSCON to facilitate its return to full production capacity.
The Minister of State for Mines and Steel Development, Dr Uchechukwu Sampson Ogah disclosed this during his tour of the ALSCON facility in Ikot-Abasi, Akwa Ibom State on Friday, 7th May, 2021, adding that the decision is to ensure that the nation’s economy is revamped through the Mineral and Metals Sector.
He said the Federal Executive Council approval to connect the Company to the National Grid shows commitment of government to revitalizing ALSCON, adding that the plant has great economic potential that would benefit not just Nigeria, but Africa.
He noted that the Company could employ about two thousand Nigerians when it begins full operations, adding that the Federal Government will provide necessary support to smooth running of the plant.
The Managing Director of the Plant, Zavalov Dmitry, said the plant was forced to shut down in 2014 as a result of cut in gas supply. He however explained that the company has started making plans to recommence operations.
Commissioner for Environment and Solid Minerals, Akwa Ibom State, Charles Udoh assured that the State will work with the federal government to resuscitate ALSCON.