The House of Representatives has resolved to stop the privatisation of five power plants of Niger-Delta Power Holding Company, (NDPHC).
This followed the adoption of a ‘Motion of urgent public importance’ by the Chairman House Committee on Power, Rep. Magaji Aliyu, at the plenary in Abuja yesterday.
He noted that the National Council on Privatisation and (NDPHC) Board of Directors, in collaboration with the Bureau of Public Enterprises (PBE), had resolved to sell the power plants.
Aliyu listed the five places to include Calabar, in Cross-River State, Ihorbor in Edo State, Olorunsogo, Omotosho and Geregu in Kogi.
He stated that the plants were constructed under the National Integrated Power Project (NIPP), with gross installed capacities at 150 condition -SO6MW, 507MW, 634MW, 513MW and 754MW respectively. This, he said, was to support the delivery of the core mandate of Niger Delta Power Holding Company at ensuring the stability of Nigerias Power Sector.
The lawmaker said that the shareholding of the NDPHC was held by the Federal Government which is 47%, while States and local governments held 53%.
The House cautioned the Director-General, Bureau for Public Enterprise (BPE) to desist from any act to facilitate the sales of the five generation power plants, until duly authorised by shareholders in a formal meeting as stipulated by the Companies and Allied Matters Act, (CAMA) 2020.
