November 18, 2017

Over 200 investors express interest in 10 power plants amidst fears of policy summersault

http://businessdaynigeria.com/over-200-investors-express-interest-10-power-plants-amidst-fears-policy-summersault.. NAIJA INVEST

Over 200 investors have indicated interest in the ten power plants being put up for sale by the Niger Delta Power Holding Company, under the National Integrated Power Project (NIPP) as the road show for the sales effectively kicked off yesterday in Lagos.

The ten power plants are Omotoso in Ondo State (450MW), Sapele in Delta (450MW), Geregu in Kogi (434MW), Olorunsogo in Ogun (750MW) and Ihovbor in Edo (450MW).

Others are Gbarain in Bayelsa (225MW), Alaoji in Abia (450MW), Calabar in Cross River (561MW), Egbema in Imo (338MW) and Omoku in Rivers (225MW).

But some investors have expressed fears that the nation’s political and security risks, as well as policy summersaults, which have been the hallmark of Nigerian governments, may be areas of concern.

The Federal Government has however said it would give full support to the private investors to see that the power sector is nurtured through sustainable growth mechanisms in such a way that the economy becomes the greatest beneficiary of  ongoing reforms in the sector.

In his goodwill message at the venue of the interactive session with potential investors, Minister of Power, Chinedu Nebo, said the essence of the privatisation of the power plants is President Goodluck Jonathan objective of ensuring effective and qualitative power supply in the country.

He said, “We are ready to give maximum support to private investors to ensure that the power sector thrives in the country. Government, in its attempt to break the monopoly of electricity in the country, has led the power sector reform.”

http://businessdaynigeria.com/over-200-investors-express-interest-10-power-plants-amidst-fears-policy-summersault.. NAIJA INVEST

http://businessdaynigeria.com/over-200-investors-express-interest-10-power-plants-amidst-fears-policy-summersault.. NAIJA INVEST

He said that government is committed to the power sector reform, so as to ensure that power is effective, and believes strongly that the  power sector would drive the economy better  through the private sector.

The tremendous improvement that occurred in the telecommunication sector, according to him, can be replicated in the power sector.

“We are going to engage the private sector, just as was done with the telecom industry,” he said.

Speaking at the occasion, Benjamin Ezra- Dikki , director general of the Bureau of Public Enterprises (BPE) said  the privatisation of the  ten power plants would be very transparent.

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IMAGES: www.public-blog.nrc-gateway.gov / eere.energy.gov

 

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