Nigeria: FG Panel Okays N283 Billion Contracts For Power Projects

Presidential Steering Council on National Integrated Power projects (NIPP) chaired by Vice President Goodluck Jonathan met at the State House on Monday.

A total of N283 billion was approved by the committee for improved power supply in the country.

The committee noted that much of its success would be determined by the success of the amnesty deal offered the Niger Delta militants by the Federal Government.

The meeting coincided with the release of leader of the Movement for the Emancipation of Niger Delta (MEND), Henry Okah, from detention in Jos, as part of the amnesty deal.

Addressing newsmen after the meeting, Minister of State for Power, Nuhu Wya, as well as Ekiti State Governor, Segun Oni, and his Abia State counterpart, Theodore Orji, who are members of the council, announced the approval of N267.61 billion for work on Geregu and Omotosho plants.

They also announced N20.41 billion (N15.4 billion plus $13.5 million) for the rehabilitation of eight critical Power Holding Company of Nigeria (PHCN) transmission lines across the country, particularly, the Jalingo transmission lines.

According to Wya, the peace in the Niger Delta was a sure hope of guaranteeing regular power supply to Nigeria as the country would be sure of regular and quality gas supply to power electricity turbines across the country.
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He further explained that inadequate gas has resulted to overuse of hydro power generating stations but that the pressure on them reduced their capacity with consequent shutting down of some of the generating plants.

"We are hoping as the amnesty is unfolding, peace in Niger Delta and the damaged pipes now will be put back in functional application very shortly so that we can have enough gas to generate the required capacity" Wya said.

He disclosed that the power contracts approved were within the second phase programme of the NIPP which will cover Omotosho and Geregu power plants and the transmission lines that will transmit the generated electricity.

By Teeco Designer

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Posted: at 1-08-2009 09:48 AM (14 years ago) | Addicted Hero

The sharing formular was drawn before the approval of the cash.

Just forget PEOPLE DECEIVING PEOPLE [PDP].

I am yet to see one of them that not corrupt.

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Posted: at 3-08-2009 11:39 AM (14 years ago) | Hero

omo we don hammer, Yar'adua go buy hummer ohh

Posted: at 4-08-2009 05:08 AM (14 years ago) | Gistmaniac

...

Posted: at 5-08-2009 06:32 AM (14 years ago) | Upcoming

Bros E don tey wey them they aprove money for them na.....

Obasonjo approve this amount of money 2times

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Posted: at 5-08-2009 11:21 AM (14 years ago) | Addicted Hero

haha

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Posted: at 5-08-2009 02:07 PM (14 years ago) | Addicted Hero

nobi today we begin hear am, abeg make i pass jaree

Posted: at 5-08-2009 06:46 PM (14 years ago) | Gistmaniac

papa dey pay, una job done pay again, after 8 years una go setup probe panel on how una take share the money amongst una self, bastard leaders wey curse don follow them and their unborn generation!!!

Posted: at 8-08-2009 10:07 PM (14 years ago) | Newbie

him dey keep lagos clean

Posted: at 10-08-2009 04:17 AM (14 years ago) | Gistmaniac

oya, i dey your back

Posted: at 10-08-2009 08:54 PM (14 years ago) | Gistmaniac