Thursday, December 8, 2022

Reps summon ministers of finance, power, others over monthly payment of $33 million to Azura

On August 19, the committee discovered that the country was committed to a monthly payment of $33 million in a take or pay deal.

• August 23, 2022
House of Representatives, [PHOTO CREDIT: Official Twitter handle of Reps NGR]
House of Representatives, [PHOTO CREDIT: Official Twitter handle of Reps NGR]

The House of Representatives has invited the Ministers of Power, Finance and heads of the Bureau of Public Procurement (BPP), Niger Delta Power Holding Company (NDPHC), over a $33 million Azura power purchase agreement.

Other agencies invited include Nigeria Bulk Electricity Transmission (NBET), Transmission Company of Nigeria (TCN) and Nigeria Electricity Regulatory Commission (NERC).

James Faleke, chairman, House of Reps Committee on Finance, investigating the alleged breach of agreement and perennial power failure in the country, invited the heads of all the agencies in Abuja on Tuesday.

Mr Faleke said the agencies would be brought before the committee to explain their role in the power deal, adding that the appropriate date for their appearance before the committee would be communicated to the affected agencies.

On August 19, the committee discovered that the country was committed to a monthly payment of $33 million in a take or pay deal.

The committee, however, discovered that Azura Power Plant had not been able to deliver the 450 megawatts of electricity agreed with TCN to the national grid since the contract was signed.

Mr Faleke, however, told the managing director of TCN, Sule Abdulazeez, to present its budget allocation from 2002 to date and the contract awarded and the certificates by TCN on the power transmission line.

He said if Azura would demand money in dollars from power being generated, Nigeria should also demand money from Azura in dollars for power being used from the national grid.

The committee also asked TCN to provide its Internally Generated Revenue (IGR) from 2010, including its audit report, while also picking holes in the IGR being spent by TCN outside budgetary provision.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

A Photo of Women Farming used to iilustrate the story

Agriculture

Government launches ‘SHEFARMERS Initiative’ in Delta

Mr Ifemeni assured of the state government’s support to the initiative to enable it achieve the set objectives.

Trading floor

Economy

Investors lose N33 billion amid selloffs in MTN, GTCO, other stocks

The All-share index shed 61.35 points or 0.13 per cent to close at 48,426.49 from 48, 476.49 recorded on Wednesday.

Abuja

Buhari leaving legacy of excellent leadership: CoS Gambari

Mr Gambari stated this when he inaugurated the 54-seater State House Multi-Purpose Training Centre.

Lucky Irabor

Hot news Home top

Politicians pressuring us to rig 2023 election: Nigerian military

He reassured the country that the military will remain neutral and apolitical urging the public to maintain confidence in the military.

Politics

INEC begins PVC distribution of in Bayelsa

“The collection will be every day from 9:00 a.m to 3.00 p.m. including Saturdays and Sundays,” he stated.

Independent National Electoral Commission's (INEC) stakeholders' meeting in Lagos

Lagos

PVC Collection: Opposition parties want INEC offices relocated from APC-controlled LG secretariats

They raised the concerns on Thursday during a stakeholders’ meeting organised by INEC in Lagos State, on collection of the Permanent Voter Cards (PVCs).