03 February 2014, Abuja – Over N10 billion invested by the Federal Government under its National Integrated Power Project is lying waste as a result of gas constraints that had bedeviled the power sector lately, the Nigerian Electricity Regulatory Commission has said.
The NIPPs, according to NERC, were expected to generate over 5,000megawatts of electricity, but most of the plants are currently struggling to commence operations.
The Chairman, NERC, Dr. Sam Amadi, disclosed that gas supply was not adequately considered before the procurement processes of the NIPPs and stressed that most of the projects lacked transparency when they were started.
Amadi, in a statement on Monday, disclosed these in Enugu during an Awards and Induction ceremony of new members of the Enugu Chamber of Commerce, Industry, Mines and Agriculture.
The commission’s boss said part of the problems in the sector was that power plants were established without due regard to gas supply or transmission capacities.
– The Punch