Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


No power plant will be handed over uncompleted – Olotu

18 September 2013, 21:40

Abuja - James Olotu, the Managing Director, Niger Delta Power Holding Company Ltd. (NDPHC), has assured the nation that no power plant will be handed over to the private investors uncompleted.

Olotu gave the assurance on Wednesday in Abuja to newsmen at a Transaction Review Conference with relevant stakeholders and private investors.

He said that part of the process as stipulated in the contract was that all power projects must have been duly completed before any handing over would be done.

The managing director added that government was fully committed to ensuring that it met with the dates stipulated for the handing over.

"However, before handing over, every power plant will be completed and fit for the purpose intended in line with how the contracts were designed.

"The completion of the power plant will not hinder the privatisation process in any way.

"The reason why we are doing due diligence by the bidders is for them to go and see that there is nothing hidden.

"Let them go and see the level of completion, appreciate it, talk to the engineers, the contractors, the project consultants and field operatives.

"The investors will decide on their own if they are sure the power plant is completed.

"We have a timeline that by June next year, all the power plants will be handed over,” he said.

Reacting to requests by some of the investors for an extension of date for the submission of bid, Olotu said that the extension was subject to the decision of the government.

He stressed that no matter the level of extension of date some contractors would still not be ready, adding that government would only deal with the serious ones.

"Examination time is examination time, there is no time that you set for an examination that all the students will be ready.

"Some wish it extended, some are ready, some think that is should not even hold.

"This programme will hold; we have listened carefully to all the issues.

"We will go back to our principals and tell them what we have heard and we would come back to advise them if there will be an extension,” he said.

Olotu said that the impact of the whole process was already being felt by Nigerians, stressing that as more power units were completed, they would be added to the grid.

He said that once the process was completed, Nigerians would be the better for it.

"Nigerians are already feeling the improved power supply from the available plants, but we are adding more units every day; as more units are completed, they are put into the system.

"Full capacity and availability of power will come with the privatisation; power supply is big business and it is best handled by the private sector.

"The issue of gas not available sometimes is because government is the same person running the gas and the transmission.

He said that by the time the whole system was private-sector-driven, issues of non-availability of gas would not arise, adding that gas suppliers would ensure adequate supply of the product and make profit.

Olotu said that at the end of the process, Nigerians would be able to reap the real benefit of competition and best business practice just like the telecommunication industry.



Read News24’s Comments Policy

Comment on this story
1 comment
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...