Following the successful transition from the old PHCN to new investors taking over the PHCN successor companies, it is apparently clear that the new owners would want to maximize profit. In this interview with TUNDE DODONDAWA, the Managing Director, Niger Delta Power Holding Company (NDPHC), Mr James Olotu, explained that what the new owners bought did not include NIPP facilities belonging to the NDPHC. Excerpts:
HOW do you intend to work with the new owners of privatised electricity firms?
After the handing over of privatised companies to new owners, we decided to work together to achieve the transformation agenda of Mr President for the power sector by driving away darkness and bringing light. We were at Eko Distribution (Disco) and met with the new owners, West Power and Gas Ltd and our discussions showed that they are people of integrity determined to improve power efficiency for Nigerians.
After the handing over of privatised companies to new owners, we decided to work together to achieve the transformation agenda of Mr President for the power sector by driving away darkness and bringing light. We were at Eko Distribution (Disco) and met with the new owners, West Power and Gas Ltd and our discussions showed that they are people of integrity determined to improve power efficiency for Nigerians.
They are prepared to invest more by buying the right equipment that will ensure that power gets to the people. We are able to join hands with them to commission four power injection substations. Those four substations which are 105MVA were added to the sector. The 105 MVA will be about 90MW. Customers are already feeling the impacts.
We were in Magodo to commission an extension of an existing sub-station by adding 15 MVA transformers to that place and improving the upgrading of the equipment in the control room from the old to modern technology making it easy to operate them.
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