Power companies which will be marketed in a road show across the globe before they are privatized.
The Federal Government has declared that it is now set to commission about ten plants constructed under the National Integrated Power Project, NIPP.
This was announced by the Benue State Governor, Gabriel Suswam, alongside the Permanent Secretary in the Ministry of Power, Godknows Igali, and the Managing Director of Niger Delta Power Holding Company, James Olootu, while briefing journalists after a meeting of the NIPP board at the Vice President’s wing of the State House.
The meeting was chaired by Vice President Namadi Sambo.
Mr. Suswam also announced that the distribution, transmission and generation plants would be commissioned in phases from June this year. He added that the board discussed the privatization process of power companies which will be marketed in a road show across the globe before they are privatized .
“The power companies would be privatized but after a road show is undertaken to make sure the country gets the best form of businesses. A committee will be set up to marshal the entire process of privatization and members of the committee will be unveiled at the next meeting, ” he said.
According to him, some of the power plants which are mostly thermal plants have been completed while some are at different stages of completion.
Fielding questions from reporters, Mr. Olootu noted that the road show would involve as many countries as possible in order to have good international representation.
Mr. Igali also assured Nigerians that the current drop in power supply will soon be over while Mr. Suswam explained that the drop was due to the fact that Shiroro Dam was off for sometime but is back now.