As part of its ongoing expansion drive, Presco Plc says its recent investment in green energy will boost its corporate earnings and increase returns to shareholders, The Punch reports.
The firm has also set aside 15,000 hectares for cultivation in Edo State. The Managing Director, Mr. Felix Nwabuko, in a statement on Tuesday, explained that with the cultivation of over 8,000 hectares in two years, it would take just another year to get the full plantation ready. He added that the company had cultivated 3,600 hectares in Orhionmwon Local Government in Edo State.
Nwabuko said the reforms contributed to the company’s plan to expand its operations, noting that, “Presco is investing on green energy production through our biological assets – our plantation. Last year, we planted on 3,600 hectares, in our new location in Orhionmwon Local Government Area. This year we intend to plant on 4,000 hectares. If can do 100, 000 hectares in Edo State, we will do it.”
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