Jonathan Promises Reasonably Stable Power Supply Across Nigeria By Mid 2014

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President Goodluck Jonathan on Saturday promised reasonably stable
power supply in the country by the middle of 2014.

The President made this promise while inaugurating the Phase II 500mw
Omotosho National Integrated Power Project (NIPP) Plant in Ondo State.
He added that the Federal Government was targeting 4,700mw from 10
NIPPs which he said would be completed before the end of the first
quarter of 2014. According to him, the 10 NIPP projects will be handed
over to the private sector next year after completion and
inauguration.

He expressed optimism that the private sector, which had invested $3
billion into the nation's power sector, would do what it did in the
banking and the telecommunication sectors. Mr. Jonathan implored
workers of defunct PHCN, who had yet to receive their entitlements and
severance package, to be patient, adding that they would be paid soon.

The President enjoined them not to go on strike or do anything that
could affect the government's effort at ensuring reasonable efficiency
in the power sector. Prior to his speech, Mr. Jonathan directed that a
minute's silence be observed in honour of the late Governor Olusegun
Agagu of Ondo State, during whose tenure as Minister of Power the
project started.

Gov. Olusegun Mimiko of Ondo state commended the President for his
commitment to the improvement of the power sector.

He said the State Government had also embarked on the building of 30mw
NIPP at Omotosho area of the state. The governor said the project was
embarked upon pursuant to the government's commitment to industrial
development of the state.

He added that the President would be invited soon for the
commissioning of the project. Mr. Mimiko told the President that the
Omotosho power plant would have the desired impact only when the
necessary transmission was done. He stated that the transmission
infrastructure needed to be built in three areas of the state.
Earlier, the Minister of Power, Chinedu Nebo, directed that 32kva
transmission lines be installed from Omotosho through Ore to Ondo and
Akure. Mr. Nebo said the transmission line, when completed, would
relieve the Osogbo-Akure transmission line currently serving the
state.

He said the NIPP was contributing 1,600mw into the national grid. The
minister said the formal handover of the defunct PHCN facilities to
the investors would be done in the next two weeks.

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