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FG targets 1,000Mw from Afam Power Plant

BY Emmanuel Elebeke
ABUJA— Federal Government says it is expecting the new owners of Afam Generation Company, Taleveras Group, to generate about 1000 Megawatts of electricity in the next one year.

This is just as the Bureau of Public Enterprises, BPE, says it will open financial bidding for the 10 National Integrated Power Projects, NIPPs, signifying the commencement of the full privatisation of the 10 power plants.
The Managing Director of Taleveras Group, Mr. Oghens Sanomi, disclosed this during the agreement signing ceremony between the company and BPE in Abuja.

He said the board and management of the generation company were determined to transform the plant and make it major contributor to the nation’s power sector.

Mr. Sanomi, who expressed confidence in the privatisation process, assured that everything would be done to ensure that the company contributes significantly to ongoing efforts to improve electricity supply in the country.
He said: “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 1,000 Megawatts when we take over and that is guaranteed.“
With the signing of the Sales Purchase Agreement, SPA, with the Federal Government yesterday in Abuja, Taleveras has formally taken over the palnt.

BPE’s Director-General, Benjamin Dikki, said he considered the agreement as another milestone in government’s sustained efforts to allow private sector be at the vanguard of the investment strides to boost the economy.
He added that everything is being done to make investors conform to the high standard set by government for those that want to do business in Nigeria.

On the delay in handing over of the plant and the Kaduna Disco, Dikki explained that government was trying to ensure a hitch-free process before the handover is done.
He pledged government’s commitment to creating enabling environment for businesses to thrive so they can become the drivers of the economy.

Dikki said: “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.”


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