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Published On: Thu, Apr 4th, 2019

FG approves concessioning of 5 Hydro Dams

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By Etuka Sunday

The Federal Government has given approval for the concessioning of five Hydro Dams to facilitate electricity supply to Rural and Agrarian communities in the country.
This was sequel to the recommendation of the Ministry of Power, Works and Housing, and its Water Resources counterpart that Six hydro power resources be concessioned to private sector investors to increase the nation’s power supply by a total of 16.49MW to cater for the power needs of their immediate and essentially rural communities.
The five small and Medium Hydro Power Plants to be concessioned include the 6 MW Ikere Gorge Dam in Ekiti State to be concessioned to Messrs Power Control and Appliances Limited, the 2 MW Omi-Kampe Dam in Kogi State, to be concessioned to Messrs Quaint Power & Infrastructure Nigeria Limited, the 300 KW Zobe Dam and 4 MW Jibiya Dam in Katsina State to be concessioned to Messrs Pan-African Global Infrastructure and the 3 MW Bakolori Dam in Zamfara State to be concessioned also to Messrs Pan-African Global Infrastructure.
In the memorandum seeking approval of the FEC, the Ministry relied on the Electric Power Sector Reform Act of 2005 saying the aim was to increase renewable and clean electricity supply for the benefit of Nigerians.
The Ministry has already concluded negotiations with the concessionaires and letters of notification have been issued to them accordingly “in order to facilitate necessary action for early delivery of the project in compliance with regulatory procedures”.

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