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HomeBusinessSenate asks NCP, BPE to suspend planned concession of Zungeru power plant

Senate asks NCP, BPE to suspend planned concession of Zungeru power plant

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The Senate has asked the National Council on Privatisation (NCP) and the Bureau of Public Enterprise (BPE) to suspend indefinitely the proposed concession of the 700 megawatts Zungeru hydropower plant in Niger State, pending the conclusion of an investigation by its committee on power.

The upper chamber is requesting the deferment of the planned concession after lawmakers debated a motion sponsored by the Chairman of the Senate Committee on Power, Gabriel Suswam who explained that it will be unacceptable to concession the power plant without ensuring accountability and proper management of unsettled external loans tied to the project.

Federal lawmakers including the President of the Senate Ahmad Lawan supported his stance. They point out the abysmal failure of the privatization of the electricity sector.

READ ALSO: Nigeria at risk of food insecurity; needs to address fundamental challenges

The upper chamber adopted two resolutions: mandated the Committee on Power to investigate the circumstances under which the Zungeru Hydroelectric Power Plant is being concessioned as well as urged the NCP and BPE to suspend indefinitely the proposed concession.

Meanwhile, the Senate has approved the promissory note program and bond issuance to settle outstanding claims and liabilities in the sum of N21 billion to Yobe and Taraba states as refunds for the completion of road projects in their states.

However, the Senate stepped down a request from the Kebbi State Government to settle outstanding claims because the state government failed to appear before the committee to defend its claims in respect of the projects.

The upper chamber sent another invitation to the state government to appear before its Committee on Local and Foreign Debts.

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