The Federal Government, weekend, disclosed that proceeds from the sale of 10 power plants across the country would be re invested in the power sector.
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Speaking at a forum in Lagos to herald the flag-off of its investment road show, Mr James Olotu, Managing Director/Chief Executive Officer, Niger Delta Power Holding Company Limited, NDPHC, owners of the National Integrated Power Project, NIPP, said the decision to re-invest the proceeds in the sector was to further boost the capacity of the country's power infrastructure.
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According to him, when collected from buyers of the power plants the money would be re invested in the sector to boost power supply to all nooks and crannies of the country.