The company formally took over the plant, following the signing of Sales Purchase Agreement (SPA) with the Federal Government yesterday in Abuja.
Speaking at the agreement signing ceremony between the company and the Bureau of Public Enterprises (BPE) in Abuja, the company’s Managing Director, Oghens Sanomi, said the board and management are determined to transform the plant and make it a catalyst for impacting positively on the nation’s power sector.
Sanomi expressed delight for the opportunity availed by the privatisation programme which led to the takeover of the plant, and assured that everything would be done to ensure that the company contributes significantly to ongoing efforts at improving electricity supply in the country.
According to him, “we are very happy and committed to the performance of the directives and issues in the SPA. We are excited and glad that this process has come to a conclusion. When we take over, we will be a catalyst for the energy sector.
“We assure that we will provide power in excess of 1000 megawatts when we take over and that is guaranteed,” Sanomi added
Also speaking at the event, BPE’s Director-General, Benjamin Dikki, described the agreement as a another milestone in government’s sustained efforts to allow private sector be at the vanguard of the investment strides to boost electricity in the economy. He added that everything is being done to make investors conform to the high standard set by government for those who want to do business in Nigeria.
Dikki, who explained why the handing over of the plant and the Kaduna Disco were delayed, restated government’s commitment to creating an enabling environment for businesses to thrive and become drivers of the economy in the not too distant future
“We have seen from few sectors that reforms are taking place, it has been proven clearly that once government creates the enabling environment for the private sector to do business, the results would be enormous. Examples are the transport sector and the telecoms sector.
“Since the handover of the successor companies, we have been able to see improvements. Someone called me and said he was surprised to see one of the staff of the successor companies come to them to find out how the light situation is In their area.”
[Efe Ebelo, Daily Independent]