Consequently, a joint committee to work out the modalities for the exercise has been set up with the director, Industries and Services at the BPE, Mr. Yunana Jackdel Malo heading the BPE’s team while Mr. Mukesh Sharma will head the Jindal Steel & Power Group’s team.
Speaking when he received a delegation from the group, led by its vice chairman, Mr V. R. Sharma, which was on a courtesy visit to the Bureau on Wednesday, August 17, 2022, Okoh said there were a lot of potentials in the country in areas of interest for the group. He cited among others, the planned concession of the Zungeru power plant which has the capacity to generate about 700 megawatts when operational and said that already, the federal government had procured the services of a transaction adviser for its eventual concession.
The irdector-general revealed that the planned concession of the Zungeru dam would be modelled after that of Kainji and Jebba dams’ concession and that the successful concessionaire would handle it for a period of 30 years. On another area of interest for the group, Okoh noted that though the three Steel Rolling Companies in the country-Jos, Katsina and Osogbo had been privatised, they were not living up to expectation and that any effort to rev up the sector would be supported.
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