The federal government has assured prospective power investors that the five National Integrated Power Plants (NIPPs) put up for sale will go on as planned.
The assurance is coming as the President Muhhamdu Buhari’s administration is determined to resuscitate the power plants to put them to full use for the much needed power needs of the people and growth of the nation.
Director-General of the Bureau of Public Enterprises (BPE)-the agency superintending the privatisation of the five plants, Mr. Alex A. Okoh told reporters in Abuja on Monday that the privatisation of the five NIPP plants was in line with the Bureau’s 2021 work plan as approved by the National Council on Privatisation (NCP) which would be strictly adhered to.
The five NIPP plants are: Benin Generation Company Limited at Ihovba, Edo State, Calabar Generation Company Limited, Cross River State, Geregu Generation Company Limited, Kogi State, Olorunsogo Generation Company Limited, Ogun State and Omotosho Generation Company Limited, Ondo State.
Okoh said based on the approval of the NCP, the Bureau engaged the services of a Technical Adviser and advertised for the Expression of Interest (EOI) in three national dailies (Thisday, Businessday and Daily Trust) on Thursday, May 6th 2021 from which so far, the Bureau has received 36 EOIs as at the close of the advertised period for the preparation of the EOIs.
