Sale of Power Plants: Reps summon Finance minister, Power, BPE, NDPH, others

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The House of Representatives has summoned the Ministers of Finance, budget and National Planning, the Minister of Power, the Director General for the

Bureau for Public Enterprise , and the Managing Directors of the Niger Delta Power Holding Company and Nigeria Bulk Electricity Trading Company over the planned sale of five power plants belong to the three tiers of government.

“The committee decried the proposed sale as unconstitutional and a disservice to all known principles of national development and the sharing of equity among the three tiers of government. They are also requesting information on all agreements with the power plants on a take or pay basis, approvals needed by the Nigeria Bulk Electricity Trading Company Board, the Federal Executive Council, the Attorney General of the Federation and Minister of Justice, the Bureau for Public Enterprise with regards to the take or pay basis and copy of the power purchase agreement to the Niger Delta Power Holding Company already earmarked for sale by the Bureau for Public Enterprise.

The Ministry of Finance is to supply a copy of the legal advice from the Attorney General and Minister of Justice issued in respect of the sovereign guarantee on behalf of the Federal government to Seven Energy Limited for gas supply to Calabar Power generation Company Limited, a copy of the Federal Executive Council memo and the approval to Nigeria Bulk Electricity Trading Company Plc on the said transaction.

 

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