A Review of the Nigerian Energy Industry

FG, NDPHC meet on sale of NIPP assets

Prof Nebo07 June 2013, Lagos – Minister of Power, Prof. Chinedu Nebo and members of the National Council on Privatisation, NCP, are expected to meet today at the Presidential Villa in Abuja with officials of the Niger Delta Power Holding Company, NDPHC, and relevant stakeholders in the power sector.

The meeting will discuss the sale of the 10 power plants built by the Federal Government under the National Integrated Power Project, NIPP, scheme.

Nebo revealed this, Thursday, in Lagos when he paid a working visit to Eko Electricity Distribution Company, during which he commissioned a number of projects, including rehabilitated and newly built 15MVA transformers, switchgears and control panels.

Nebo, at the occasion, assured the electricity workers that their severance package under the Power Holding Company of Nigeria, PHCN, privatisation programme would be fully paid.

He said payment would soon start and advised the workers to be very prudent with the entitlements when paid.

Nebo equally advised the workers to take their jobs seriously as the investors who bought the assets of the Power Holding Company of Nigeria, PHCN, and those that would buy the NDPHC might retain them and even recall their retired colleagues.

Nebo hinged his reasons on the fact that the new investors cannot manufacture the wealth of experiences of the PHCN workers overnight. Besides, he said the government will not allow the investors import personnel from foreign countries to operate the assets.

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