The Vice-President, Arc Namadi Sambo has said that the concessioning of Shiroro hydro power plant of the North and South Company was not a mistake, given the new ideas the company was injecting to enable the power plant generate to its optimal capacity.
He therefore, commended the Chairman for the excellent management and direction of the Power plant.
A statement by the SSA Media & Publicity to the vice president, Umar Sani quoted Sambo to have given this commendation when he received a delegation of the management of the company led by its chairman Mallam Ibrahim Aliyu in his office.
He welcomed their determination to venture into the provision of solar power, saying that government was encouraging investors in power through various channels including linking them up with international financing agencies such as the World Bank, the Islamic Development Bank (IDB), African Development Bank (ADB) and the China EXIM Bank where they were expected to source for cheap financing at single digit interest rates.
Arc Sambo noted the request of the company to participate in the HYPERDEC meetings and requested them to submit such idea to the office of the minister for his further consideration of the request as he felt that their participation would serve as a form of synergy that would create harmony between the owners and beneficiaries of the power plants.
Speaking earlier, Chairman of the North South Power Company Malam Ibrahim Aliyu disclosed that despite challenges the Company had made considerable investment to ensure that the power plant operates optimally.
He said currently two of the four turbines are fully overhauled, while the third will soon be functional, stressing that when all the turbines are fully functional the power plant would work seamlessly for the next ten years.
The chairman further said that the Company since taking over the plant was working assiduously to improve the flow of water to the dam, while also making efforts to install 100 to 200mw solar plant farm to upgrade the plant’s capacity from 600mw to 1000mw within the next five years.