Sapele plant undergoes thorough rehabilitation
The Federal Government yesterday went a notch further in its quest to guarantee adequate power supply, by mid-wifing, signing of transaction and industry agreements to ease supply of gas-to-existing power plants in the country.
Sapele Power plant, one of the plants concessioned recently by the Federal Government will undergo thorough rehabilitation to prepare it for un interrupted power supply, the plant’s new concessioner , CMEC/Eurafric disclosed.
Managing Director/CEO CMEC/Eurafric, Mrs. Heather Onoh, who stated this in an interview with newsmen in Abuja, said rehabilitation work would be completed on the plant within six to 12 month time frame.
Onoh’s firm had emerged successful bidder for sapele power plant staking $120 million. She spoke yesterday with journalists in Abuja at the execution of transaction and industry documents for power Holding Company of Nigeria (PHCN) successor companies that had power sector stakeholders including officials of Bureau of Public Enterprises (BPE) in attendance.
She said the plant had been badly managed and requires a comprehensive rehabilitation to guarantee un-interrupted power supply.
The execution of transaction and industry agreement is envisaged to eliminate hitherto encumbrances associated with supply of gas to respective power plants.
Speaking at the occasion, organised by the Bureau of Public Enterprises (PBE), Vice-President Namadi Sambo, represented by Minster of Power, Prof. Chinedu Osita Nebo reiterated government’S commitment to meeting Nigerians’ yearning for improved power delivery.
Speaking at the occasion, Acting Director-General of Bureau of Public Enterprises (BPE) Benajim Dikki said the signing ceremony was not an end itself but a beginning of a voyage, as according to him, “there is still a need for route charting, navigation and steering in the right direction”.
Speaking on the prospect of transmissions, the BPE boss assured all bidders of TCN’S funding in order to improve its capacity to evacuate power, which he said was receiving adequate attention at the highest level.