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While it is a fact that power generation is often disrupted by acts of vandalism of gas pipelines and transmission lines, the NDPHC does not offer such incidences as excuses.
The NDPHC has continued to operate these power plants in the interest of the Nigerian economy despite undesirable security challenges and accumulated debt of over N94billion owed it by the electricity market.
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.
Olotu observed that NDPHC would possibily reveal the successful bidders in January, adding that the transfer of assets will be at a later date.
Olotu stated that the NDPHC would see return in this year, which is in charge of improving power infrastructure in Nigeria.
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.