President Goodluck Jonathan, Friday, assured
Nigerians that power supply would be
stabilised in the next two years.
He made the pledge at the inauguration of
the 750MW Olorunsogo II Power Station in
Olorunsogo, Ogun State.
The plant was constructed by the Niger Delta
Power Holding Company (NDPHC) and it is
one of the 10 National Independent Power
Plants constructed by the company across
Nigeria.
“Private sector-controlled power sector will be
midwifed and the interface between
government and private sector will be sealed
properly and Nigerians will take power for
granted like in other countries,” said
Jonathan.
Once power becomes stable, Jonathan noted
that it would stimulate small and medium
scale enterprises.
“We want to stabilise power sector to
stimulate SMEs because our industries
cannot survive on generators.”
“$8.26 billion has been invested so far in
NIPPs from ECA. These plants will be
privatised through transparent exercise and
the proceeds will be re-invested to boost
transmission networks and upgrade other
identified projects,” he stated.
Jonathan further said that he would
inaugurate the Egbin power station on
Saturday (today).
He expressed happiness that he had
continued to deliver on his campaign
promises, including that of reforming the
power sector.
Meanwhile, Jonathan has commissioned the
Egbin power plant in Ikorodu, Lagos State.
The plant, which is regarded as the largest of
such in West Africa will add about 1320 MW
of power supply to the national grid.
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