The Niger Delta Power Holding Company says the 10 National Integrated Power Projects will add 5,434 megawatts of electricity to the national grid by 2014.
The Managing Director of the company, Mr. James Olotu, made this known to the News Agency of Nigeria on Tuesday in Lagos.
According to Olotu, two out of the 10 NIPP projects have been inaugurated while others will be completed and inaugurated by the first quarter of 2014.
He said the completion and inauguration of the 500 MW Omotosho Phase II and the 434 MW Geregu power plants had added 934 mega watts to the national grid.
Olotu said all the power plants were revived by President Goodluck Jonathan in 2009 to ensure steady power supply.
He said the NIPPs, as an intervention programme, were established by former President Olusegun Obasanjo in 2004.
He said the 10 NIPPs would be sold to private investors by the first quarter of 2014.
“The Federal Government is offering to sell 80 per cent of each plant, while keeping 20 per cent under state ownership in line with President Jonathan’s power sector reform,” he said.
Punch
No comments:
Post a Comment