53 per cent of the NDPHC plants is owned by states and the local governments, while the Federal Government owns the remaining 47 per cent.
The Niger Delta Power, NDPHC began its journey in 2004 as The National Integrated Power Project (NIPP).
The Managing Director/Chief Executive Officer, NDPHC, Mr.
He said, Today marks a milestone in the transaction process that commenced weeks earlier with respect to the 80 per cent shareholding divestment in the power station infrastructure that NDPHC is currently delivering.
At the close of transaction Olotu said, 106 packages were received in the NDPHC headquarters while four were received at the BPE office.
The intervention projects by NDPHC
are specially designed to complement the existing power stations as well as upgrade the entire power facilities nationwide, he added.
We have five units at our Olorunsogo Phase II Power station ready to deliver 650MW and in Sapele about 250MW while in Omotosho we have 125MW of electricity ready for the national grid, added Managing Director of NDPHC
, James Olotu.