08 June 2013, Abuja – Vice-President Namadi Sambo has reassured the nation on Federal Government’s commitment to generating 20,000 megawatts, mw, of electricity by 2014.
Disclosing this at the joint meeting of the Ministry of Power, the Niger Delta Power Holding Company, NDPHC, National Council on Privatisation, NCP, and some state governors at the Presidential Villa, Abuja, the Vice President announced the completion of 10 National Integrated Power Project, NIPP, plants.
At the meeting held to discuss the planned sale of the NIPPs, Sambo was full of praises for the NDPHC for the successful execution and completion of the plants.
According to him, President Goodluck Jonathan would begin the commissioning of the plants soon while the problem of non-availability of gas to power the plants had been resolved.
Mr. James Olotu, managing director of NDPHC, at the meeting, called for approval of the sale of 80 per cent shares of the company by the joint Board of NDPHC and NCP.
He also called for endorsement of the list of nominees for the road shows in Lagos, London, Hong Kong and New York and the constitution of some committees that will handle the sale of the power plants in line with due process and laid down procedures.
The committees are the Joint Evaluation Committee, whose work is to evaluate the expression of interest for the NDPHC power plants; the Joint Transaction Committee of Niger Delta Power Company headed by the Managing Director of the Company and the Joint Technical Committee headed by Governor Gabriel Suswam of Benue State.
The road shows are planned to generate interests in Nigeria and abroad to attract investors towards the sale of the IPPs.
