February 20, 2018

House of Reps to investigate power purchase agreement

House of Reps to investigate power purchase agreement

Indications emerged yesterday that the engagement of 14  firms by the Federal Government under its Power Purchase Agreements (PPA) by the Nigerian Bulk Electricity Trading (NBET) may be subjected to legislative investigation. The House of Representatives Committee on Power said the agreement with the 14 firms breached due process as there was no proper guideline for the engagement.

Doubts were also raised over the nation’s  ability to meet the 20,000 megawatts (Mw) power generation target set for 2020. The Dan Asuquo-led House Committee, during its oversight visit to Abuja headquarters of the  NBET yesterday was also told that Nigeria lacked capacity to power its homes and industries with nuclear or wind energy.

On the engagement of 14 firms under the PPA, the lawmakers said the process was suspicious as it appeared there was no proper guideline for the engagement. “If there was no proper guideline, the process of acquiring those 14 companies was null and void. I can assure you if we leave here with that, there’ll be an investigation on this. Read more

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