The Niger Delta Power Holding Company Limited (NDPHC) is calling for presidential intervention to address the severe liquidity crisis plaguing the power sector. According to the Managing Director, Jennifer Adighije, the intervention should start with settling the over N4 trillion owed to power generating companies and facilitating funding for ongoing projects to enhance electricity access nationwide [1].
Adighije made this appeal while hosting the House Committee on Power, led by Chairman Victor Nwokolo, on a site inspection of the Egbema National Integrated Power Project Power Plant. The plant, a key project under the National Integrated Power Project, has an installed capacity of 375MW and is expected to be completed by the end of 2025.
The NDPHC is closely monitoring the project’s progress to ensure timely completion. Adighije reiterated the company’s commitment to advancing the President’s vision of reliable, affordable electricity, positioning NDPHC as the backbone of Nigeria’s power sector.
Chairman Nwokolo commended the NDPHC management for their proactive approach in reviving the Egbema Power Plant. He noted that approximately 60% of the work has been completed, bringing the project closer to commissioning. Nwokolo expressed confidence that with proper funding, the contractors will deliver on schedule.
The power sector’s liquidity crisis is a pressing concern, with over N4 trillion owed to generation companies. The NDPHC’s call for presidential intervention highlights the need for urgent action to address this crisis and ensure the sector’s sustainability.
Politics
NDPHC Seeks Presidential Intervention to Address Power Sector Liquidity Crisis –
- by Balogun Monsurudeen.F.
- March 29, 2025
- 0 Comments
- 1 minute read
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- 4 months ago
