The joint effort of the three tiers of government to increase power generation, transmission and distribution capacities on a significant scale through the National Integrated Power Projects (NIPP) enters its final lapse as the government offers the 10 power generating plants built by the
Set in motion with the Electric Power Sector Reforms Act of 2005 and the incorporation of the NDPHC in that year as a limited liability company to serve as the legal vehicle to build, hold and manage NIPP's assets using private sector-based global best business practices, the process has delivered 10 new power generating plants as mandated by the Act.
Currently, the NIPP generation portfolio comprises 10 gas-fired plants with a combined design capacity in excess of 5,453 megawatts (mw) at
To handle the sale of the power plants in line with due process and laid down procedure, the three tiers of government have set up three committees namely, the
Towards this all-important last leg of this power reform phase, the NDPHC, alongside the BPE and other stakeholders in the power sector, recently launched a road-show in
200 investors jostle
The road-show appears to be yielding dividends as about 200 foreign and indigenous investors are reportedly jostling to buy the NDPHC plants.
Expression of Interest (EoI) for the power plants closed by
Said Olotu: "All the plants are in top condition and have gone through pre-commissioning and reliability tests to ensure optimal performance in the hands of the operators, who would be selected through a rigorous process to ensure that the full objectives of the NIPP projects are realised."
The exercise, he said, would draw lessons from the privatisation of the
Most Popular Stories
- Twitter Names Woman to Board
- NSA Tracks 5 Billion Cellphone Records a Day
- Nelson Mandela Dies After Momentous Life
- W.H. Corrects Itself on Unclegate
- Nelson Mandela Dead at 95
- Fast-Food Workers Want $15 an Hour
- Roybal-Allard Tours Gordon Brush Plant
- Pope Francis Says He'll Fight Child Sex Abuse
- Aspen Contracting Adding 300 Jobs
- Yemen Attack Kills 52