Sulaimon Olanrewaju writes on the efforts of the Niger Delta Power Holding Company to improve electricity supply in the country.
To millions of Nigerians and thousands of businesses bearing the brunt of poor power supply in the country, the Power Holding Company of Nigeria (PHCN) is the villainous pinup responsible for their plight.
Few would dispute this image of the country’s comatose power behemoth, and even fewer citizens would disagree that the nation would have to look beyond the PHCN in its present form if Nigeria is to meet her energy needs.
The quest for an answer to this challenge birthed the multi-billion-dollar National Integrated Power Projects (NIPP) which was conceived in 2004 as a fast-track government-funded initiative to add significant new generation capacity to the country’s electricity supply system as well as expand the transmission and distribution infrastructure on a scale never before contemplated in the nation-build process.
Originally designed around seven medium sized-gas fired power stations in the oil producing states, the NIPP was also meant to stabilise the electricity supply system while the reforms captured in the Electric Power Sector Reforms Act of 2005 take effect.
In 2005, the Federal Government incorporated the Niger Delta Power Holding Company Limited (NDPHC) as a limited liability company to serve as the legal vehicle to hold and manage the NIPP assets using private sector-oriented internationally accepted best business practices.
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