07 January 2014, Abuja: The Niger Delta Power Holding Company (NDPHC), owners of the multi-billion dollar National Integrated Power Project (NIPP), has warned that non-performing contractors would be sanctioned as Phase 1 of the NIPP programme comes to an end this year.
Chief Executive Officer of NDPHC, Mr. James Abiodun Olotu said in a New Year message at the weekend that there were difficult NIPP contractors, who were and still slow to move with the trend, adding that these non-performing contractors would be celebrated for funds recovery and other drastic measures this year.
He wondered why these contractors had not realised that the NIPP train had moved far away from variation equations to project delivery celebrations, stressing that Nigerians would hold them accountable sooner than they thought.
Olotu, however lauded performing contractors, whom he said would be celebrated this year for project delivery.
“Therefore, for the good and the not-so-good, Nigerians will surely celebrate us this year, 2014 with great jubilations. The effect depends on the side of the equation we find ourselves, since our NIPP Phase 1 programme will definitely terminate this year unfailingly. Performing contractors will be celebrated for project delivery and non-performing contractors will be celebrated for funds recovery and other measures. NIPP and its team will stand tall for doing Nigeria great service by reporting each stage accurately,” Olotu said.
Olotu said one of the major reasons for celebration and jubilation of the NIPP team emanated from the confidence of the government and shareholders in the company’s net performance records and potentials.
He said the recent approval of the Federal Government for the construction of NIPP phase 2, consisting of hydro power projects and transmission infrastructures, using the funds realised from the sale of the generation assets, was an evidence of the confidence by the government.
Olotu said the plans for NIPP phase 2 would be unveiled later this month and urged performing contractors to participate in the project.
He noted that another reason for the jubilation of the NIPP was the unprecedented enthusiasm shown by the private sector in the privatisation of the 80 per cent stakes in the generation companies and gave an assurance that the transaction would be the best transaction of its type ever executed in Nigeria so far.
The NDPHC boss, who spoke on the harvest of the completed NIPP projects in 2013, recalled that the harvest of project delivery had started briefly in 2012 with Olorunsogo Power Plant and transmission projects executed in areas including Katampe( Abuja); Mando ( Kaduna), CBD Abuja and Kumbutso (Kano).
He said the harvest of project delivery continued in 2013, with sub-stations of Chanel/AK-Yand numerous power stations such as Omotosho, Geregu, Ogorode, Ihovbor, and Alaoji.
“Gas projects of Oilserve entered the forrray of delivered projects. It is on record that between 16 days of one another two power plant projects ( Geregu-434MW and Omotosho-500MW) were officially commissioned by Mr President in October 2013, the first ever such addition to our power equation by one sitting President.Towards the end of November and within two weeks, my team commissioned 20 distribution projects in the East, North and FCT areas of Nigeria. Never had this happened in our country before now. But for my proceeding on leave, several other projects lined up for commissioning would have been delivered,” he added. (This Day)