The plant will have a 40MW installed capacity.
Buyers will be issued with ownership titles for the spaces.
The squatters have been living on the land since 2010.
The project is being undertaken by BOMI E&C Consortium.
The project involves construction of 5,360 housing units.
The 70km road will be upgraded to bitumen standards.
The new oil terminal will handle bigger volumes of fuel products.
Plans are underway to roll out the projects by end of year.
The 59-metre-high dam occupies a 600-acre site.
The house will generate over 300% of its energy requirements.