FG Begins Privatisation Of 10 Power Plants

[Shola Sholaz]

The Federal Government is to privatise the 10 independent power plants built by the Niger Delta Power Holding Company (NDPHC) under the National Integrated Power Project (NIPP).
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Mr James Olotu, Managing Director, NDPHC, made this known at an interactive session with journalists in Lagos.
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The  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).
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Others are Gbarain in Bayelsa (225MW), Alaoji in Abia (450MW), Calabar in Cross River (561MW), Egbema in Imo (338MW) and Omoku in Rivers (225MW).
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Olotu explained that a road show to indicate the commencement of the exercise would start in Lagos from Tuesday, June 4 to June 5 with 40 investors.

[Folami David]

Privatisation is always a good idea sometimes so I must commend this move from the federal government. It makes sense.