With a population of approximately 8 million people in the state, over 55% of residents lack access to electricity, while those with access, suffer from erratic supply. With a power deficit of 94,500MW, about 41% of state businesses generate electricity. The power sector remains one of the sectors of the economy with vast room for investment, this brings to light, the urgent need to have Solar Farms, mini grid, and many other forms of renewable energy opportunities. Oyo State in line with the general trend in the country has constantly suffered huge electricity supply gaps. However, in order to meet the electricity demand, Oyo State needs to explore various opportunities abounding in the State for alternative power generation especially in hydroelectric power generation and waste to energy. At the current moment, there is no IPP operational in Oyo State.

Projects