Why we invested N4.5bn in power firms — Delta State

No Comments » November 8th, 2013 posted by // Categories: Energy Development Project



 

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Why we invested N4.5bn in power firms —Delta
Written by Alphonsus Agborh – Asaba Saturday, 09 November 2013

 

DELTA State government said it acquired shares in three power companies estimated at N4.5 billion to protect the interest of its citizens, especially those in the rural areas.

The companies are Vigeo Power, for Benin distribution company; Euratric, for Sapele power plant and Transcorp for Ughelli power plant.

According to the state Commissioner for Power and Energy, Mr Charles Emetulu, “ the new companies may not show concern for rural dwellers, where they will not likely to make profits, but the state government will see to it that the people in such areas will benefit from the new power supply arrangement.”

Mr Emetulu, who said this at a news conference in Asaba, while delivering his mid-term account of the power ministry, agreed that by way of social responsibility to the people, the state government would ensure that electricity supply is distributed, even to the remotest villages, while the companies collect the tariff.

In addition to equity, the commissioner disclosed that the state government, in its bid to ensure adequate power supply in the state and to support the development of infrastructure in the country, contributed N15.7 billion,towards the implementation of the Federal Government emergency power project under the present administration.

He commended the pace of work at the step down of the national grid in Asaba, under the integrated power project being executed by the President Jonathan administration which, he said, would boost power supply to several communities in Delta north that have experienced serious power outage. The project is expected to be completed in 2014.

The commissioner added that a total of 391 power projects had been implemented in the state since 2007, at a cost of N48.41 billion.
On the generator-powered street lights in some major cities of the state, the commissioner told reporters that two contractors had been engaged to manage them, while expressing concern on the destruction of the facilities.
He said over N3 billion was spent on 4,227 solar street lights across the state, some of which, he noted, were not performing optimally.

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