Power company consultant assures investors of safety of funds

The Federal Government started privatization of 10 NIPP power plants on June 4.

The Transaction Adviser on privatisation of the Niger Delta Power Holding Company, NDPHC, Arif Mohiuddin, has assured prospective investors in the projects of safety of their funds.

“Investors should seize the opportunities in the ongoing power sector privatisation to grow because all the host states of power plants here are safe for investment. Willing investors should invest massively to reap massively,” Mr. Mohiuddin said on Tuesday in Lagos.

The Federal Government started the privatization of 10 National Integrated Power Projects, NIPP, power plants across the country on June 4.

The power plants are: Olorunshogo phase II (125MW/Ogun State), Ogorode (451MW/Delta State), Gbarain (225MW/Bayelsa State), Alaoji (1074MW/Abia State), and Ihovbor (451MW/Edo State).

Others are Calabar (561MW/Cross River State), Egbema 338MW/Imo State), Geregu (434MW/Kogi State), Omotosho (500MW/Ondo State), and Omoku (250MW/Rivers State).

Mr. Mohiuddin said that prospective investors should be in regular contact with governors of the states where they were bidding for any of the power plants.

He said that submission of Expression of Interest, EOI, for the power plants would lapse on July 17 after which a bidders’ conference would be held on September 18. He said that submission of bids and proposals for the power plants would close on April 8, 2014.

“We will announce the qualified bidders in January of 2014. The final hand over of the plants is expected to happen between June and July of 2014,” he added.

The NIPPs generation capacity is in excess of 5,453mega watts.


Support PREMIUM TIMES' journalism of integrity and credibility


Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.


NEVER MISS A THING AGAIN! Subscribe to our newsletter

* indicates required


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: New Discovery! Click Here To See A Miracle Device That Can Cure DIABETES, BLOOD PRESSURE, STROKE, ARTHRITIS, PAINS, OBESITY And 50 Other CHRONIC DISEASES Without Drugs Or Herbs.. Click Here Now To See It

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.