says only private sector investors can ensure steady power supply in the country and meet the energy needs of Nigerians.of the discharge certificate of Ughelli power plant to Tony Elumelu, chairman of Transcorp Power Plc.The delisting comes a month after the national council on privatisation approved the Bureau of Public Enterprise recommendations, and after Ughelli Power Plc had met key post-acquisition requirements including available capacity and capital expenditure.
Explaining the routine evaluation and monitoring of the power-generating company, Osinbajo said it was an essential feature of the post-acquisition plan by the BPE. On his part, Alex Okoh, director-general of BPE, said the discharge certificate became necessary after an evaluation showed that UPP’s generation capacity under Transcorp Power grew by 227 percent in a decade.
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