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Re: Disquiet as NDPHC guarantees N7bn bank loan for private firm

Re: Disquiet as NDPHC guarantees N7bn bank loan for private firm
thecable.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecable.ng Daily Mail and Mail on Sunday newspapers.

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EXCLUSIVE: Disquiet as NDPHC guarantees N7bn bank loan for private firm

EXCLUSIVE: Disquiet as NDPHC guarantees N7bn bank loan for private firm
thecable.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecable.ng Daily Mail and Mail on Sunday newspapers.

Niger Delta , Nigeria General , Abuja Federal Capital Territory , Timipre Sylva , Abubakar Malami , Laolu Akande , Bola Shagaya , Chiedu Ugho , Hakeem Shagaya , Oluseun Bakare , Olufunke Nwankwo , Zainab Ahmed , Yemi Osinbajo , Calabar Genco , Sterling Bank Plc , Central Bank , Rural Electrification Agency , Committee Of Governors , Energy Ltd , Debt Management Office , Asolar Systems Nigeria , Then The Niger Delta Power Holding Company , Asolar Systems Nigeria Limited , Sterling Bank , Asolar Nigeria , Savannah Energy ,

NDPHC AND CURRENT POWER DISPENSATION

Ayobami Adekunle writes that the NDPHC has outlived its usefulness
The federal government incorporated the Niger Delta Power Holding Company Limited (NDPHC) as a limited liability company owned by the three tiers of government -FGN, states, and local government areas to serve as the legal vehicle to intervene in the power sector through direct provision of infrastructural facilities to bring immediate remedy to the power supply gap in the country. This included the establishment of generation facilities in order to reduce the power deficit as well as the provision of evacuation and distribution facilities to aid the process of stabilising the power supply value chain. ....

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How relevant is NDPHC in current power dispensation?

How relevant is NDPHC in current power dispensation?
The Punch
Published 6 July 2021
The Federal Government incorporated the Niger Delta Power Holding Company Limited as a limited liability company owned by the three tiers of government in Nigeria, namely, the Federal Government, states, and local government areas, to serve as the legal vehicle to intervene in the power sector through direct provision of infrastructure facilities to bring an immediate remedy to the power supply gap being experienced in the country. This included the establishment of generation facilities in order to reduce the power deficit as well as the provision of evacuation and distribution facilities to aid the process of stabilising the power supply value chain. ....

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NIPP sale: BPE ignores Reps, NNPC bids for power plants

NIPP sale: BPE ignores Reps, NNPC bids for power plants
The Punch
Published 6 July 2021
The Bureau of Public Enterprises on Monday assured prospective power investors that the five National Integrated Power Plants put up for sale would go on as planned despite calls for its suspension by the House of Representatives.
Also, documents sighted in Abuja on Monday showed that the Nigerian National Petroleum Corporation had submitted Expression of Interest to the BPE to acquire the five NIPPs though NNPC Gas and Power Investment Company Limited.
On July 1, The PUNCH reported that the House of Representatives asked the Federal Government to suspend plan to sell the NIPPs owned by the Niger Delta Power Holding Company Limited until the lingering issues on the ownership of the firm were resolved. ....

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