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FG Set To Privatise More NIPP Plants

The Managing Director of Niger Delta power Holding Company (NDPHC), Mr. Chiedu Ugbo, said the agency had obtained approval to resume the privatisation process of the 10 gas power generating plants built under the National Integrated Power Projects (NIPP) which had been stalled since 2013, National Mirror reports.
Ugbo, who gave the hint at a power forum in Abuja, said the privatization process will .....
be restarted, but under a new arrangement, adding that the process would now be concluded in phases, starting with three of the plants – 634 megawatts (MW) Calabar, 506mw Geregu and 513mw Omotosho power plants.
The NIPP privatisation which was kicked off on November 11, 2013, was stopped midway on the basis of mixed transaction flaws that included non-availability or completion of some of the plants, as well as uncertainty of gas supply arrangements to the plants, amongst others. Ugbo, however indicated that once the three are successfully privatised, the agency will move on to the others, but added that a decision on 150mw Omoku will be taken after an ongoing project audit on the plant is concluded.

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