AMCON seizes Egbema, Omoku NIPP power projects from Rockson over delays

The Managing Director of the Niger Delta Power Holding Company (NDPHC), Mr Chiedu Ugbo, has said the Assets Management Corporation of Nigeria (AMCON) has taken over Egbema and Omoku power plant projects from Rockson Engineering Limited over the delays in completing them.

The two plants are part of 10 gas-fired power plants being built under the National Integrated Power Projects (NIPP) under the management of NDPHC. Speaking on Presidency This Week, a television programme showcasing the activities of the federal government, Mr Ugbo said the delays by the contractor, Rockson Engineering hampered the completion of Egbema in Imo state and Omoku in River state.

For the Gbarain NIPP in Bayelsa state whose initial unit was put into operation this year, Ugbo said NDPHC is working to commission the second unit by February 2019. Mr Ugbo however lauded President Muhammadu Buhari for the intervention to sustain the operation of power Generation Companies (GenCos) through the N701 billion payment assurance guarantee.

He highlighted several projects the company has completed in the transmission section of the value chain to boost bulk electricity wheeling capacity for the Transmission Company of Nigeria (TCN). Mr Ugbo also said there are huge interventions at the distribution level to enhance the supply of electricity to the end users.

Source: Daily Trust




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