The company’s executive chairman, Mohammed Indimi, made the disclosure while speaking to newsmen on Sunday in Maiduguri.
Indimi said the project would be undertaken in partnership with two foreign companies — the Saudi Arabia-based Al-Qahtam and Sons Group and the Aurinka International of Spain.
He said the objective of the venture was to provide lasting solutions to the problem of power supply in the state.
“We hope to start the process of generating power shortly, by installing the necessary equipment to build a power plant.
“And, in the next three to four months, we hope to produce 10 megawatts of electricity here in Borno”, Indimi said.
He, however, said since the ownership of the distribution network belonged to the Federal Government, the company had to obtain approval to place the power generated on the national grid.
“Everywhere in the world, the distribution infrastructure belongs to the Federal Government, which means that we cannot distribute power generated on our own. We have to place it on the national grid.
“We will in a short while begin the processes of securing permission from the government to enable us place the power on the national grid”, Indimi said.
He, however, said the company would begin to produce smaller power plants in the state, pending federal approval.
“First we will begin to produce smaller power plants in a short while, starting from my own house and then to state government institutions, before going on a large scale.