The National Integrated Power Project (NIPP) would be handed over to their core investors by June 2014, the Bureau of Public Enterprises (BPE),has has insisted.
The Power Plants are being jointly offered for sale by the Bureau of Public Enterprises (BPE) and Niger Delta Power Holding Company (NDPHC).
Mr. Ezra Dikki emphasised that that the Bureau would not shift the hand over date as the deadline for the submission of Expressions of Interest (EOIs) remains 19th of July 2013 as contained in the advertisement earlier published in both local and international media.
The BPE DG who made this known at an interactive session with prospective investors in Hong Kong on Thursday, also said that the current housing deficit of 17 million units in the country provides a great opportunity for investors.
According to a statement signed by Head, Public Communications, Mr. Chigbo Anichebe, Mr. Dikki said that BPE, Federal Ministry of Housing and Urban Development are collaborating with other key government agencies to propose the right policies and legal and regulatory framework that will attract private sector participation in the sector..
In his remarks, the Managing Director of NDPHC, Mr. James Olotu, told the investors that the three tiers of government, who jointly own the shares have agreed that proceeds from the 10 power plants would be ploughed back into the development of more power infrastructure in the country.
He explained that emphasis would be placed on strengthening the transmission infrastructure and the construction of additional three (600-3000mw) hydro power plants.
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