The protest, supported by the Students Union of the University of Ibadan was held as early as 7.00 a.m today.
The SU president, Bolaji Aweda, said the protest became necessary following the expiration of a 7-day ultimatum given to the management of both UI and UCH.
Aweda, who alleged a power play among the stakeholders, added that the lack of electricity had lasted over 82 days.
According to him, the situation has affected the living conditions of students and their academics, making them unable to function well.
Also, the immediate past SU president, Tobiloba Samuel, said they had explored consultative means with the managements of UCH and UI, which yielded nothing.
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He said the union would issue an ultimatum after the peaceful protest if the relevant stakeholders failed to act.
Samuel noted that the problem had been the new policy in the power sector, which made electricity unaffordable to educational and health institutions.
He said they were told the Ibadan Electricity Distribution Company, IBEDC, had demanded the payment of half of the N3.78 million owed before reconnecting the hospital.
According to reports, no official of the UCH management addressed the protesters, but security officers were present to forestall the breakdown of law and order.
When contacted, the Chairman, UCH Joint Health Sector Unions, JOHESU, Oladayo Olabampe, said the union was not unaware of the protest.