The Federal Government on Friday restated its commitment to ensuring the generation of 20,000MW of power by 2014.
Vice-President Namadi Sambo made the
government’s position known during a joint meeting of the Niger Delta
Power Holding Company and National Council on Privatisation at the
Presidential Villa, Abuja.
Sambo commended the management of the
NDPHC for successfully completing the building of 10 National Integrated
Power Project plants across the country.
He said Prssident Goodluck Jonathan
would soon begin the commissioning of the plants and that the challenge
of non-availability of gas to power the plants had been resolved.
The Managing Director of NDPHC, Mr.
James Olotu, sought the ratification by the joint Board of NDPHC and NCP
of the divestment of 80 per cent shares of the company and the list of
nominees for the road shows in Lagos, London, Hong Kong and New York.
The joint memo also sought an approval
for 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.
Suswan later explained the composition of the committees to State House correspondents at the end of the meeting.
He said, “Those committees are the joint
evaluation committees of the NDPHC and BPE to evaluate the expression
of interests and technical bids that will be submitted by the potential
bidders.
“We also have the joint transaction
committee made up of the MD, NDPHC as the chairman and the DG, BPE as
the co-chairman and other members that will be selected.
“The third committee is the joint
technical transaction committee, which the Governor of Benue State was
nominated to chair. We have prominent Nigerians, of course Mr. Atedo
Peterside, the DG of BPE; the Minister of Power and the MD, NDPHC, among
others.
“The final committee, which is not a
committee so to speak, will be at the end of the transaction when
everything is evaluated by these three committees I have mentioned. The
final approval will come from the joint meeting of the NDPHC board and
NCP to approve the final transactions.”
The governor said the road shows, which
had started in Lagos, were meant to enhance and generate more interests
within and make international communities to come and invest in the
plants.
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